ConocoPhillips (COP) : Greylin Investment Mangement Inc reduced its stake in ConocoPhillips by 1.11% during the most recent quarter end. The investment management company now holds a total of 158,615 shares of ConocoPhillips which is valued at $6,355,703 after selling 1,775 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.ConocoPhillips makes up approximately 1.41% of Greylin Investment Mangement Inc’s portfolio.
Other Hedge Funds, Including , Destination Wealth Management added COP to its portfolio by purchasing 5,025 company shares during the most recent quarter which is valued at $201,352. ConocoPhillips makes up approx 0.02% of Destination Wealth Management’s portfolio.Mercer Capital Advisers reduced its stake in COP by selling 2,513 shares or 27.62% in the most recent quarter. The Hedge Fund company now holds 6,587 shares of COP which is valued at $268,486. ConocoPhillips makes up approx 0.21% of Mercer Capital Advisers’s portfolio.Leavell Investment Management reduced its stake in COP by selling 2,565 shares or 5.07% in the most recent quarter. The Hedge Fund company now holds 48,023 shares of COP which is valued at $2,018,407. ConocoPhillips makes up approx 0.29% of Leavell Investment Management’s portfolio.Nisa Investment Advisors boosted its stake in COP in the latest quarter, The investment management firm added 7,636 additional shares and now holds a total of 457,168 shares of ConocoPhillips which is valued at $19,525,645. ConocoPhillips makes up approx 0.26% of Nisa Investment Advisors’s portfolio.Ferguson Wellman Capital Management Inc reduced its stake in COP by selling 384 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 64,720 shares of COP which is valued at $2,764,191. ConocoPhillips makes up approx 0.11% of Ferguson Wellman Capital Management Inc’s portfolio.
ConocoPhillips opened for trading at $39.77 and hit $40.905 on the upside on Friday, eventually ending the session at $40.82, with a gain of 1.39% or 0.56 points. The heightened volatility saw the trading volume jump to 81,38,922 shares. Company has a market cap of $50,551 M.
On the company’s financial health, ConocoPhillips reported $-0.79 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.61. The company had revenue of $5575.00 million for the quarter, compared to analysts expectations of $6734.50 million. The company’s revenue was down -35.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.07 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 (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.