ConocoPhillips (COP) : Dt Investment Partners scooped up 5,284 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 23,912 shares of ConocoPhillips which is valued at $1,022,477.ConocoPhillips makes up approximately 0.29% of Dt Investment Partners’s portfolio.
ConocoPhillips closed down -0.45 points or -1.04% at $42.76 with 81,48,093 shares getting traded on Friday. Post opening the session at $42.73, the shares hit an intraday low of $42.27 and an intraday high of $43.58 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Cadence Capital Management reduced its stake in COP by selling 130,831 shares or 42.29% in the most recent quarter. The Hedge Fund company now holds 178,508 shares of COP which is valued at $7,633,002. ConocoPhillips makes up approx 0.53% of Cadence Capital Management’s portfolio.Highpoint Advisor Group boosted its stake in COP in the latest quarter, The investment management firm added 446 additional shares and now holds a total of 10,671 shares of ConocoPhillips which is valued at $509,967. ConocoPhillips makes up approx 0.31% of Highpoint Advisor Group’s portfolio.Delta Asset Managementtn reduced its stake in COP by selling 1,144 shares or 40.23% in the most recent quarter. The Hedge Fund company now holds 1,700 shares of COP which is valued at $81,243. ConocoPhillips makes up approx 0.01% of Delta Asset Managementtn’s portfolio.
On the company’s financial health, ConocoPhillips reported $-0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-1.04.Analysts expectations of $ 4960.60.During the same quarter in the previous year, the company posted $-0.18 EPS.
Many Wall Street Analysts have commented on ConocoPhillips. Company shares were Reiterated by UBS on Apr 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 48 from a previous price target of $40 .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 .
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.