Founders Capital Management buys $3.9 Million stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Founders Capital Management scooped up 1,540 additional shares in ConocoPhillips during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 94,609 shares of ConocoPhillips which is valued at $3.9 Million.ConocoPhillips makes up approximately 2.28% of Founders Capital Management’s portfolio.

Other Hedge Funds, Including , First American Trust Fsb added COP to its portfolio by purchasing 68,807 company shares during the most recent quarter which is valued at $2.8 Million. ConocoPhillips makes up approx 1.00% of First American Trust Fsb’s portfolio.Beacon Financial Group reduced its stake in COP by selling 19 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 32,042 shares of COP which is valued at $1.3 Million. ConocoPhillips makes up approx 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 America’s oil fields located on Alaska’s North Slope: Prudhoe Bay and Kuparuk.

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