ConocoPhillips (COP) : Fagan Associates reduced its stake in ConocoPhillips by 6.74% during the most recent quarter end. The investment management company now holds a total of 52,808 shares of ConocoPhillips which is valued at $2.3 Million after selling 3,819 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on May 13, 2016.ConocoPhillips makes up approximately 1.53% of Fagan Associates’s portfolio.
Other Hedge Funds, Including , Cortland Advisers reduced its stake in COP by selling 264,049 shares or 29.34% in the most recent quarter. The Hedge Fund company now holds 635,951 shares of COP which is valued at $27.4 Million. ConocoPhillips makes up approx 0.80% of Cortland Advisers’s portfolio.Teachers Advisors Inc boosted its stake in COP in the latest quarter, The investment management firm added 143,616 additional shares and now holds a total of 1,754,236 shares of ConocoPhillips which is valued at $75 Million. ConocoPhillips makes up approx 0.14% of Teachers Advisors Inc’s portfolio. Old Mutual Global Investors (uk) Ltd. sold out all of its stake in COP during the most recent quarter. The investment firm sold 1,451 shares of COP which is valued $62,045.Gamble Jones Investment Counsel reduced its stake in COP by selling 1,119 shares or 2.72% in the most recent quarter. The Hedge Fund company now holds 40,002 shares of COP which is valued at $1.7 Million. ConocoPhillips makes up approx 0.19% of Gamble Jones Investment Counsel’s portfolio.Nordea Investment Management Ab reduced its stake in COP by selling 1,357,667 shares or 70.76% in the most recent quarter. The Hedge Fund company now holds 561,096 shares of COP which is valued at $26.8 Million. ConocoPhillips makes up approx 0.08% of Nordea Investment Management Ab’s portfolio.
ConocoPhillips opened for trading at $43.9 and hit $45.055 on the upside on Wednesday, eventually ending the session at $44.9, with a gain of 3.31% or 1.44 points. The heightened volatility saw the trading volume jump to 64,68,436 shares. Company has a market cap of $55,604 M.
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.