ConocoPhillips (COP) : Weatherly Asset Management L. P. scooped up 361 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 33,276 shares of ConocoPhillips which is valued at $1,584,603.ConocoPhillips makes up approximately 0.54% of Weatherly Asset Management L. P.’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 , Advisory Services Network boosted its stake in COP in the latest quarter, The investment management firm added 2,646 additional shares and now holds a total of 19,890 shares of ConocoPhillips which is valued at $947,162. ConocoPhillips makes up approx 0.25% of Advisory Services Network’s portfolio.Foster Motley Inc reduced its stake in COP by selling 6,392 shares or 33.92% in the most recent quarter. The Hedge Fund company now holds 12,455 shares of COP which is valued at $593,107. ConocoPhillips makes up approx 0.12% of Foster Motley Inc’s portfolio. Acadian Asset Management added COP to its portfolio by purchasing 6,351 company shares during the most recent quarter which is valued at $277,539.Neville Rodie Shaw Inc boosted its stake in COP in the latest quarter, The investment management firm added 3,060 additional shares and now holds a total of 61,665 shares of ConocoPhillips which is valued at $2,694,761. ConocoPhillips makes up approx 0.32% of Neville Rodie Shaw Inc’s portfolio.Rowland Co Investment Counseladv reduced its stake in COP by selling 13 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 81,612 shares of COP which is valued at $3,566,444. ConocoPhillips makes up approx 1.68% of Rowland Co Investment Counseladv’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.