Fcg Advisors buys $887,097 stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Fcg Advisors scooped up 9,447 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 21,443 shares of ConocoPhillips which is valued at $887,097.ConocoPhillips makes up approximately 0.27% of Fcg Advisors’s portfolio.

Other Hedge Funds, Including , Cannell Peter B Co Inc reduced its stake in COP by selling 2,000 shares or 4.93% in the most recent quarter. The Hedge Fund company now holds 38,533 shares of COP which is valued at $1,594,110. ConocoPhillips makes up approx 0.06% of Cannell Peter B Co Inc’s portfolio.Hudock Capital Group boosted its stake in COP in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 2,094 shares of ConocoPhillips which is valued at $84,409. ConocoPhillips makes up approx 0.05% of Hudock Capital Group’s portfolio.Calamos Advisors boosted its stake in COP in the latest quarter, The investment management firm added 192 additional shares and now holds a total of 178,960 shares of ConocoPhillips which is valued at $7,170,927. ConocoPhillips makes up approx 0.07% of Calamos Advisors’s portfolio.Eagle Asset Management Inc boosted its stake in COP in the latest quarter, The investment management firm added 814 additional shares and now holds a total of 29,899 shares of ConocoPhillips which is valued at $1,256,655. ConocoPhillips makes up approx 0.01% of Eagle Asset Management Inc’s portfolio.

ConocoPhillips opened for trading at $42.6 and hit $43.33 on the upside on Tuesday, eventually ending the session at $43.22, with a gain of 1.38% or 0.59 points. The heightened volatility saw the trading volume jump to 61,79,717 shares. Company has a market cap of $53,528 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.

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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