Lodestar Investment Counselil Lowers stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Lodestar Investment Counselil reduced its stake in ConocoPhillips by 6.78% during the most recent quarter end. The investment management company now holds a total of 29,354 shares of ConocoPhillips which is valued at $1,397,837 after selling 2,135 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.ConocoPhillips makes up approximately 0.20% of Lodestar Investment Counselil’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 , St Germain D J Co Inc boosted its stake in COP in the latest quarter, The investment management firm added 1,901 additional shares and now holds a total of 164,121 shares of ConocoPhillips which is valued at $7,815,442. ConocoPhillips makes up approx 1.10% of St Germain D J Co Inc’s portfolio.Cornerstone Advisors reduced its stake in COP by selling 1,509 shares or 30.5% in the most recent quarter. The Hedge Fund company now holds 3,438 shares of COP which is valued at $163,718. ConocoPhillips makes up approx 0.17% of Cornerstone Advisors’s portfolio.Capital Investment Advisors reduced its stake in COP by selling 1,194 shares or 4.37% in the most recent quarter. The Hedge Fund company now holds 26,147 shares of COP which is valued at $1,142,624. ConocoPhillips makes up approx 0.11% of Capital Investment Advisors’s portfolio.Iowa State Bank boosted its stake in COP in the latest quarter, The investment management firm added 2,255 additional shares and now holds a total of 41,546 shares of ConocoPhillips which is valued at $1,711,280. ConocoPhillips makes up approx 0.97% of Iowa State Bank’s portfolio.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. 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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