Hendley Co Inc Exits Position in ConocoPhillips (COP)

ConocoPhillips (COP) : Hendley Co Inc has sold out all of its stake in ConocoPhillips during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 21,520 shares of ConocoPhillips which is valued at $1,024,782.

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 , Valley National Advisers Inc reduced its stake in COP by selling 25,065 shares or 99.47% in the most recent quarter. The Hedge Fund company now holds 134 shares of COP which is valued at $6,381.Community Bank N.a. boosted its stake in COP in the latest quarter, The investment management firm added 1,098 additional shares and now holds a total of 45,603 shares of ConocoPhillips which is valued at $2,171,615. ConocoPhillips makes up approx 0.52% of Community Bank N.a.’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in COP in the latest quarter, The investment management firm added 29,485 additional shares and now holds a total of 434,406 shares of ConocoPhillips which is valued at $18,983,542. ConocoPhillips makes up approx 0.43% of Oregon Public Employees Retirement Fund’s portfolio.Quotient Investors boosted its stake in COP in the latest quarter, The investment management firm added 10,059 additional shares and now holds a total of 34,267 shares of ConocoPhillips which is valued at $1,497,468. ConocoPhillips makes up approx 0.54% of Quotient Investors’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 America’s oil fields located on Alaska’s North Slope: Prudhoe Bay and Kuparuk.

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