ConocoPhillips (COP) : Beacon Financial Group reduced its stake in ConocoPhillips by 0.06% during the most recent quarter end. The investment management company now holds a total of 32,042 shares of ConocoPhillips which is valued at $1.3 Million after selling 19 shares in ConocoPhillips according to a report filed by the company on Apr 1, 2016 with the SEC.ConocoPhillips makes up approximately 0.28% of Beacon Financial Group’s portfolio.
On the company’s financial health, ConocoPhillips reported $-0.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.26 based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus of $-0.64.Analysts expectations of $ 7270.46.During the same quarter in the previous year, the company posted $0.60 EPS.
Many Wall Street Analysts have commented on ConocoPhillips. Company shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $55 .Shares were Reiterated by UBS on Feb 5, 2016 to “Neutral” and Lowered the Price Target to $ 38 from a previous price target of $42 .Shares were Reiterated by RBC Capital Mkts on Feb 5, 2016 to “Outperform” and Lowered the Price Target to $ 50 from a previous price target of $61 .
ConocoPhillips closed down -0.04 points or -0.10% at $41.19 with 71,77,765 shares getting traded on Monday. Post opening the session at $41.43, the shares hit an intraday low of $41.15 and an intraday high of $41.98 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.