M. Kraus Co Lowers stake in ConocoPhillips (COP)

ConocoPhillips (COP) : M. Kraus Co reduced its stake in ConocoPhillips by 1.25% during the most recent quarter end. The investment management company now holds a total of 41,513 shares of ConocoPhillips which is valued at $1,756,000 after selling 525 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.ConocoPhillips makes up approximately 1.03% of M. Kraus Co’s portfolio.

Other Hedge Funds, Including , Kistler-tiffany Companies reduced its stake in COP by selling 900 shares or 15.44% in the most recent quarter. The Hedge Fund company now holds 4,930 shares of COP which is valued at $208,539. ConocoPhillips makes up approx 0.11% of Kistler-tiffany Companies’s portfolio.Stock Yards Bank Trust Co boosted its stake in COP in the latest quarter, The investment management firm added 24,678 additional shares and now holds a total of 41,061 shares of ConocoPhillips which is valued at $1,712,244. ConocoPhillips makes up approx 0.23% of Stock Yards Bank Trust 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.Integrated Investment Consultants boosted its stake in COP in the latest quarter, The investment management firm added 509 additional shares and now holds a total of 2,543 shares of ConocoPhillips which is valued at $106,043. ConocoPhillips makes up approx 0.06% of Integrated Investment Consultants’s portfolio.

ConocoPhillips opened for trading at $42.74 and hit $42.96 on the upside on Monday, eventually ending the session at $42.45, with a gain of 0.35% or 0.15 points. The heightened volatility saw the trading volume jump to 63,45,709 shares. Company has a market cap of $52,570 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. 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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