ConocoPhillips (COP) : Mcrae Capital Management Inc reduced its stake in ConocoPhillips by 0.02% during the most recent quarter end. The investment management company now holds a total of 100,413 shares of ConocoPhillips which is valued at $4,047,648 after selling 25 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.ConocoPhillips makes up approximately 1.80% of Mcrae Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Pekin Singer Strauss Asset Management Il boosted its stake in COP in the latest quarter, The investment management firm added 901 additional shares and now holds a total of 14,664 shares of ConocoPhillips which is valued at $591,106. ConocoPhillips makes up approx 0.13% of Pekin Singer Strauss Asset Management Il’s portfolio.Advisory Services Network reduced its stake in COP by selling 1,265 shares or 6.36% in the most recent quarter. The Hedge Fund company now holds 18,625 shares of COP which is valued at $746,304. ConocoPhillips makes up approx 0.17% of Advisory Services Network’s portfolio. Guinness Atkinson Asset Management Inc added COP to its portfolio by purchasing 37,000 company shares during the most recent quarter which is valued at $1,482,590. ConocoPhillips makes up approx 0.89% of Guinness Atkinson Asset Management Inc’s portfolio.Bollard Group boosted its stake in COP in the latest quarter, The investment management firm added 669 additional shares and now holds a total of 130,689 shares of ConocoPhillips which is valued at $5,326,884. ConocoPhillips makes up approx 0.36% of Bollard Group’s portfolio.Regent Investment Management reduced its stake in COP by selling 150 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 21,988 shares of COP which is valued at $939,107. ConocoPhillips makes up approx 0.49% of Regent Investment 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 Americas oil fields located on Alaskas North Slope: Prudhoe Bay and Kuparuk.