Lau Associates Lowers stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Lau Associates reduced its stake in ConocoPhillips by 1.16% during the most recent quarter end. The investment management company now holds a total of 73,577 shares of ConocoPhillips which is valued at $3,215,315 after selling 866 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.ConocoPhillips makes up approximately 3.27% of Lau Associates’s portfolio.

ConocoPhillips closed down -0.52 points or -1.18% at $43.7 with 81,64,486 shares getting traded on Friday. Post opening the session at $43.75, the shares hit an intraday low of $43.52 and an intraday high of $44.165 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx boosted its stake in COP in the latest quarter, The investment management firm added 24,250 additional shares and now holds a total of 300,985 shares of ConocoPhillips which is valued at $13,153,045. ConocoPhillips makes up approx 0.30% of Exxonmobil Investment Management Inc Tx’s portfolio.Marshwinds Advisory Co boosted its stake in COP in the latest quarter, The investment management firm added 354 additional shares and now holds a total of 57,515 shares of ConocoPhillips which is valued at $2,369,043. ConocoPhillips makes up approx 1.22% of Marshwinds Advisory Co’s portfolio. Lgt Capital Partners Ltd. sold out all of its stake in COP during the most recent quarter. The investment firm sold 38,800 shares of COP which is valued $1,598,172.Chevy Chase Trust Holdings boosted its stake in COP in the latest quarter, The investment management firm added 23,679 additional shares and now holds a total of 1,049,982 shares of ConocoPhillips which is valued at $43,248,759. ConocoPhillips makes up approx 0.25% of Chevy Chase Trust Holdings’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 (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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