Mraz Amerine Associates buys $820,634 stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Mraz Amerine Associates scooped up 15,490 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 20,480 shares of ConocoPhillips which is valued at $820,634.ConocoPhillips makes up approximately 0.29% of Mraz Amerine Associates’s portfolio.

Other Hedge Funds, Including , Argyle Capital Management reduced its stake in COP by selling 170 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 56,434 shares of COP which is valued at $2,261,310. ConocoPhillips makes up approx 0.94% of Argyle Capital Management’s portfolio.Alta Capital Management reduced its stake in COP by selling 11,882 shares or 3.04% in the most recent quarter. The Hedge Fund company now holds 379,258 shares of COP which is valued at $15,458,556. ConocoPhillips makes up approx 0.92% of Alta Capital Management’s portfolio.Rockefeller Financial Services Inc boosted its stake in COP in the latest quarter, The investment management firm added 1,377,014 additional shares and now holds a total of 1,393,578 shares of ConocoPhillips which is valued at $56,802,239. ConocoPhillips makes up approx 1.09% of Rockefeller Financial Services Inc’s portfolio.Nisa Investment Advisors boosted its stake in COP in the latest quarter, The investment management firm added 7,636 additional shares and now holds a total of 457,168 shares of ConocoPhillips which is valued at $19,525,645. ConocoPhillips makes up approx 0.26% of Nisa Investment Advisors’s portfolio.

ConocoPhillips opened for trading at $39.77 and hit $40.905 on the upside on Friday, eventually ending the session at $40.82, with a gain of 1.39% or 0.56 points. The heightened volatility saw the trading volume jump to 81,38,922 shares. Company has a market cap of $50,551 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.Company shares were Reiterated by UBS on Apr 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 48 from a previous price target of $40 .

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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