Investec Asset Management North America buys $15,700,370 stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Investec Asset Management North America scooped up 22,849 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 379,511 shares of ConocoPhillips which is valued at $15,700,370.ConocoPhillips makes up approximately 2.23% of Investec Asset Management North America’s portfolio.

Other Hedge Funds, Including , Edmond De Rothschild Holding S.a. boosted its stake in COP in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 8,300 shares of ConocoPhillips which is valued at $343,371. ConocoPhillips makes up approx 0.01% of Edmond De Rothschild Holding S.a.’s portfolio.Montag A Associates Inc reduced its stake in COP by selling 37,253 shares or 32.05% in the most recent quarter. The Hedge Fund company now holds 78,990 shares of COP which is valued at $3,184,087. ConocoPhillips makes up approx 0.41% of Montag A Associates Inc’s portfolio.Narwhal Capital Management boosted its stake in COP in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 19,745 shares of ConocoPhillips which is valued at $791,182. ConocoPhillips makes up approx 0.24% of Narwhal Capital Management’s portfolio.Berkshire Asset Managementpa reduced its stake in COP by selling 11,837 shares or 20.71% in the most recent quarter. The Hedge Fund company now holds 45,320 shares of COP which is valued at $1,904,800. ConocoPhillips makes up approx 0.28% of Berkshire Asset Managementpa’s portfolio.

ConocoPhillips opened for trading at $42.18 and hit $42.47 on the upside on Monday, eventually ending the session at $42.35, with a gain of 0.12% or 0.05 points. The heightened volatility saw the trading volume jump to 44,60,996 shares. Company has a market cap of $52,451 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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