ConocoPhillips (COP) : Intrust Bank Na reduced its stake in ConocoPhillips by 6.55% during the most recent quarter end. The investment management company now holds a total of 39,544 shares of ConocoPhillips which is valued at $1,594,019 after selling 2,771 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.ConocoPhillips makes up approximately 0.63% of Intrust Bank Na’s portfolio.
Other Hedge Funds, Including , Matrix Asset Advisors Incny reduced its stake in COP by selling 2,137 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 162,037 shares of COP which is valued at $6,531,711. ConocoPhillips makes up approx 1.22% of Matrix Asset Advisors Incny’s portfolio.Investors Capital Advisory Services boosted its stake in COP in the latest quarter, The investment management firm added 745 additional shares and now holds a total of 31,961 shares of ConocoPhillips which is valued at $1,288,348. ConocoPhillips makes up approx 0.25% of Investors Capital Advisory Services’s portfolio.Northside Capital Management boosted its stake in COP in the latest quarter, The investment management firm added 487 additional shares and now holds a total of 35,346 shares of ConocoPhillips which is valued at $1,416,314. ConocoPhillips makes up approx 0.65% of Northside Capital Management’s portfolio.Baltimore-washington Financial Advisors reduced its stake in COP by selling 1,754 shares or 1.98% in the most recent quarter. The Hedge Fund company now holds 86,957 shares of COP which is valued at $3,484,367. ConocoPhillips makes up approx 1.01% of Baltimore-washington Financial Advisors’s portfolio.W.g. Shaheen Associates Dba Whitney Co boosted its stake in COP in the latest quarter, The investment management firm added 1,561 additional shares and now holds a total of 33,070 shares of ConocoPhillips which is valued at $1,347,933. ConocoPhillips makes up approx 0.53% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.
ConocoPhillips opened for trading at $40.98 and hit $41.8 on the upside on Monday, eventually ending the session at $41.56, with a gain of 2.36% or 0.96 points. The heightened volatility saw the trading volume jump to 96,79,509 shares. Company has a market cap of $51,472 M.
On the company’s financial health, ConocoPhillips reported $-0.79 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.61. The company had revenue of $5575.00 million for the quarter, compared to analysts expectations of $6734.50 million. The company’s revenue was down -35.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.07 EPS.
Many Wall Street Analysts have commented on ConocoPhillips. JP Morgan Upgraded ConocoPhillips on Jul 11, 2016 to ” Neutral”, Price Target of the shares are set at $44.
ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for produces transports and markets crude oil bitumen natural gas liquefied natural gas (LNG) and natural gas liquids. The Company operates through six operating segments which are primarily defined by geographic region: Alaska Lower 48 Canada Europe Asia Pacific and Middle East and Other International. The Company’s continuing operations are producing in the United States Norway the United Kingdom Canada Australia Timor-Leste Indonesia China Malaysia Qatar Libya and Russia. The Company has major ownership interests in two of North Americas oil fields located on Alaskas North Slope: Prudhoe Bay and Kuparuk.