ConocoPhillips (COP) : Comerica Bank reduced its stake in ConocoPhillips by 7.0% during the most recent quarter end. The investment management company now holds a total of 1,014,923 shares of ConocoPhillips which is valued at $41,987,365 after selling 76,426 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.ConocoPhillips makes up approximately 0.36% of Comerica Bank’s portfolio.
Other Hedge Funds, Including , Ingalls Snyder reduced its stake in COP by selling 6,154 shares or 2.28% in the most recent quarter. The Hedge Fund company now holds 263,193 shares of COP which is valued at $10,888,294. ConocoPhillips makes up approx 0.61% of Ingalls Snyder’s portfolio.Rand Wealth boosted its stake in COP in the latest quarter, The investment management firm added 313 additional shares and now holds a total of 33,965 shares of ConocoPhillips which is valued at $1,378,979. ConocoPhillips makes up approx 0.18% of Rand Wealth’s portfolio.Capwealth Advisors reduced its stake in COP by selling 3,502 shares or 5.14% in the most recent quarter. The Hedge Fund company now holds 64,630 shares of COP which is valued at $2,605,235. ConocoPhillips makes up approx 0.62% of Capwealth Advisors’s portfolio.Smith Salley Associates boosted its stake in COP in the latest quarter, The investment management firm added 5,215 additional shares and now holds a total of 39,529 shares of ConocoPhillips which is valued at $1,613,574. ConocoPhillips makes up approx 0.36% of Smith Salley Associates’s portfolio.Yhb Investment Advisors boosted its stake in COP in the latest quarter, The investment management firm added 2,257 additional shares and now holds a total of 10,727 shares of ConocoPhillips which is valued at $437,233. ConocoPhillips makes up approx 0.09% of Yhb Investment Advisors’s portfolio.
ConocoPhillips opened for trading at $42.6 and hit $43.33 on the upside on Tuesday, eventually ending the session at $43.22, with a gain of 1.38% or 0.59 points. The heightened volatility saw the trading volume jump to 61,79,717 shares. Company has a market cap of $53,528 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.