ConocoPhillips (COP) : Wcg Management added new position in ConocoPhillips during the most recent quarter end. The investment management firm now holds 190,000 shares of ConocoPhillips which is valued at $9,080,100 , the company said in a statement filed on Apr 25, 2016 with the SEC.ConocoPhillips makes up approximately 10.41% of Wcg Management’s portfolio.
ConocoPhillips closed down -0.94 points or -1.97% at $46.85 with 82,78,814 shares getting traded on Monday. Post opening the session at $47.56, the shares hit an intraday low of $46.115 and an intraday high of $47.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , 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.Patten Patten Inctn reduced its stake in COP by selling 138,238 shares or 82.52% in the most recent quarter. The Hedge Fund company now holds 29,274 shares of COP which is valued at $1,279,274. ConocoPhillips makes up approx 0.18% of Patten Patten Inctn’s portfolio.Coastline Trust Co reduced its stake in COP by selling 6,615 shares or 18.44% in the most recent quarter. The Hedge Fund company now holds 29,250 shares of COP which is valued at $1,278,225. ConocoPhillips makes up approx 0.27% of Coastline Trust Co’s portfolio.Berkshire Asset Managementpa reduced its stake in COP by selling 32,303 shares or 36.11% in the most recent quarter. The Hedge Fund company now holds 57,157 shares of COP which is valued at $2,497,761. ConocoPhillips makes up approx 0.38% of Berkshire Asset Managementpa’s portfolio.Lynch Associatesin reduced its stake in COP by selling 1,966 shares or 5.24% in the most recent quarter. The Hedge Fund company now holds 35,548 shares of COP which is valued at $1,553,448. ConocoPhillips makes up approx 0.73% of Lynch Associatesin’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.