Daiwa Sb Investments Ltd. Lowers stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Daiwa Sb Investments Ltd. reduced its stake in ConocoPhillips by 1.57% during the most recent quarter end. The investment management company now holds a total of 218,840 shares of ConocoPhillips which is valued at $9,256,932 after selling 3,500 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.ConocoPhillips makes up approximately 2.65% of Daiwa Sb Investments Ltd.’s portfolio.

Other Hedge Funds, Including , Macnealy Hoover Investment Management Inc reduced its stake in COP by selling 300 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 29,466 shares of COP which is valued at $1,246,412. ConocoPhillips makes up approx 0.24% of Macnealy Hoover Investment Management Inc’s portfolio.Next Financial Group Inc boosted its stake in COP in the latest quarter, The investment management firm added 53 additional shares and now holds a total of 17,453 shares of ConocoPhillips which is valued at $738,262. ConocoPhillips makes up approx 0.23% of Next Financial Group Inc’s portfolio.Patten Patten Inctn reduced its stake in COP by selling 272 shares or 0.93% in the most recent quarter. The Hedge Fund company now holds 29,002 shares of COP which is valued at $1,226,785. ConocoPhillips makes up approx 0.17% of Patten Patten Inctn’s portfolio.Marshwinds Advisory Co reduced its stake in COP by selling 398 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 57,117 shares of COP which is valued at $2,416,049. ConocoPhillips makes up approx 1.17% of Marshwinds Advisory Co’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in COP by selling 1,377 shares or 4.62% in the most recent quarter. The Hedge Fund company now holds 28,412 shares of COP which is valued at $1,184,780. ConocoPhillips makes up approx 0.23% of First Financial Bank N.a. – Trust Division’s portfolio.

ConocoPhillips closed down -0.93 points or -2.12% at $42.87 with 92,03,715 shares getting traded on Wednesday. Post opening the session at $43.8, the shares hit an intraday low of $42.11 and an intraday high of $44.0504 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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. JP Morgan Upgraded ConocoPhillips on Jul 11, 2016 to ” Neutral”, Price Target of the shares are set at $44.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.

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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