Matterhorn Capital Management buys $5,496,591 stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Matterhorn Capital Management scooped up 46,921 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 136,358 shares of ConocoPhillips which is valued at $5,496,591.ConocoPhillips makes up approximately 3.42% of Matterhorn Capital Management’s portfolio.

Other Hedge Funds, Including , Foster Motley Inc reduced its stake in COP by selling 3,641 shares or 29.23% in the most recent quarter. The Hedge Fund company now holds 8,814 shares of COP which is valued at $355,292. ConocoPhillips makes up approx 0.07% of Foster Motley Inc’s portfolio. Wcg Management added COP to its portfolio by purchasing 190,000 company shares during the most recent quarter which is valued at $7,658,900. ConocoPhillips makes up approx 8.94% of Wcg Management’s portfolio. Parsec Financial Management added COP to its portfolio by purchasing 7,317 company shares during the most recent quarter which is valued at $298,680. ConocoPhillips makes up approx 0.03% of Parsec Financial Management’s portfolio.Osborne Partners Capital Management reduced its stake in COP by selling 895 shares or 13.86% in the most recent quarter. The Hedge Fund company now holds 5,562 shares of COP which is valued at $233,771. ConocoPhillips makes up approx 0.03% of Osborne Partners Capital Management’s portfolio.

ConocoPhillips opened for trading at $40.98 and hit $41.8 on the upside on Monday, eventually ending the session at $41.56, with a gain of 2.36% or 0.96 points. The heightened volatility saw the trading volume jump to 96,79,509 shares. Company has a market cap of $51,472 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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