Westbourne Investment Advisors buys $2,319,575 stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Westbourne Investment Advisors scooped up 6,930 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 56,069 shares of ConocoPhillips which is valued at $2,319,575.ConocoPhillips makes up approximately 1.99% of Westbourne Investment Advisors’s portfolio.

Other Hedge Funds, Including , Prudential Plc boosted its stake in COP in the latest quarter, The investment management firm added 28,881 additional shares and now holds a total of 194,844 shares of ConocoPhillips which is valued at $8,060,696. ConocoPhillips makes up approx 0.03% of Prudential Plc’s portfolio.Gabelli Funds reduced its stake in COP by selling 8,000 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 941,650 shares of COP which is valued at $38,230,990. ConocoPhillips makes up approx 0.23% of Gabelli Funds’s portfolio.Boston Private Wealth reduced its stake in COP by selling 32,176 shares or 45.29% in the most recent quarter. The Hedge Fund company now holds 38,869 shares of COP which is valued at $1,566,809. ConocoPhillips makes up approx 0.06% of Boston Private Wealth’s portfolio.Country Club Trust Company N.a. boosted its stake in COP in the latest quarter, The investment management firm added 4,207 additional shares and now holds a total of 123,766 shares of ConocoPhillips which is valued at $5,044,702. ConocoPhillips makes up approx 0.71% of Country Club Trust Company N.a.’s portfolio.Neville Rodie Shaw Inc boosted its stake in COP in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 61,865 shares of ConocoPhillips which is valued at $2,652,153. ConocoPhillips makes up approx 0.31% of Neville Rodie Shaw Inc’s portfolio.

ConocoPhillips closed down -0.27 points or -0.62% at $43.32 with 61,90,137 shares getting traded on Friday. Post opening the session at $43.28, the shares hit an intraday low of $43.02 and an intraday high of $43.48 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 America’s oil fields located on Alaska’s North Slope: Prudhoe Bay and Kuparuk.

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