ConocoPhillips (COP) : Headinvest reduced its stake in ConocoPhillips by 0.86% during the most recent quarter end. The investment management company now holds a total of 9,186 shares of ConocoPhillips which is valued at $437,437 after selling 80 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.ConocoPhillips makes up approximately 0.17% of Headinvest’s portfolio.
ConocoPhillips opened for trading at $48.55 and hit $48.91 on the upside on Wednesday, eventually ending the session at $48.11, with a gain of 0.06% or 0.03 points. The heightened volatility saw the trading volume jump to 1,15,56,539 shares. Company has a market cap of $59,474 M.
Other Hedge Funds, Including , Alta Capital Management reduced its stake in COP by selling 49,280 shares or 11.19% in the most recent quarter. The Hedge Fund company now holds 391,140 shares of COP which is valued at $18,626,087. ConocoPhillips makes up approx 1.14% of Alta Capital Management’s portfolio. Lebenthal Holdingsllc sold out all of its stake in COP during the most recent quarter. The investment firm sold 15,106 shares of COP which is valued $719,348. Ronna Sue Cohen sold out all of its stake in COP during the most recent quarter. The investment firm sold 23,283 shares of COP which is valued $1,108,736.Parasol Investment Management reduced its stake in COP by selling 620 shares or 43.66% in the most recent quarter. The Hedge Fund company now holds 800 shares of COP which is valued at $38,096. ConocoPhillips makes up approx 0.04% of Parasol Investment Management’s portfolio.Gateway Investment Advisers boosted its stake in COP in the latest quarter, The investment management firm added 80,140 additional shares and now holds a total of 1,207,758 shares of ConocoPhillips which is valued at $57,513,436. ConocoPhillips makes up approx 0.49% of Gateway Investment Advisers’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. ConocoPhillips was Downgraded by Jefferies to ” Underperform” on Apr 21, 2016. 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 .
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.