ConocoPhillips (COP) : Klingenstein Fields Co scooped up 3,570 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 215,987 shares of ConocoPhillips which is valued at $8,706,436.ConocoPhillips makes up approximately 0.40% of Klingenstein Fields Co’s portfolio.
Other Hedge Funds, Including , Wheatland Advisors Inc reduced its stake in COP by selling 399 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 47,686 shares of COP which is valued at $1,922,223. ConocoPhillips makes up approx 1.01% of Wheatland Advisors Inc’s portfolio.Sequoia Financial Advisors boosted its stake in COP in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 13,780 shares of ConocoPhillips which is valued at $562,500. ConocoPhillips makes up approx 0.15% of Sequoia Financial Advisors’s portfolio.Proficio Capital Partners boosted its stake in COP in the latest quarter, The investment management firm added 176 additional shares and now holds a total of 252 shares of ConocoPhillips which is valued at $10,287. ConocoPhillips makes up approx 0.01% of Proficio Capital Partners’s portfolio.Benjamin F. Edwards Company reduced its stake in COP by selling 2,426 shares or 10.6% in the most recent quarter. The Hedge Fund company now holds 20,455 shares of COP which is valued at $876,906. ConocoPhillips makes up approx 0.17% of Benjamin F. Edwards Company’s portfolio.Raymond James Trust N.a. boosted its stake in COP in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 37,635 shares of ConocoPhillips which is valued at $1,591,961. ConocoPhillips makes up approx 0.13% of Raymond James Trust N.a.’s portfolio.
ConocoPhillips closed down -0.21 points or -0.52% at $40.1 with 69,14,852 shares getting traded on Thursday. Post opening the session at $40.17, the shares hit an intraday low of $39.66 and an intraday high of $40.46 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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 Americas oil fields located on Alaskas North Slope: Prudhoe Bay and Kuparuk.