Shelton Capital Management buys $3,944,696 stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Shelton Capital Management scooped up 8,997 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 97,859 shares of ConocoPhillips which is valued at $3,944,696.ConocoPhillips makes up approximately 0.34% of Shelton Capital Management’s portfolio.

Other Hedge Funds, Including , Bank Of Hawaii reduced its stake in COP by selling 8,956 shares or 13.81% in the most recent quarter. The Hedge Fund company now holds 55,906 shares of COP which is valued at $2,253,571. ConocoPhillips makes up approx 0.24% of Bank Of Hawaii’s portfolio.Flossbach Von Storch Ag boosted its stake in COP in the latest quarter, The investment management firm added 1,700 additional shares and now holds a total of 265,000 shares of ConocoPhillips which is valued at $10,817,300. ConocoPhillips makes up approx 0.18% of Flossbach Von Storch Ag’s portfolio. Fox Run Management L.l.c. sold out all of its stake in COP during the most recent quarter. The investment firm sold 19,300 shares of COP which is valued $811,179. James Investment Research Inc sold out all of its stake in COP during the most recent quarter. The investment firm sold 1,150 shares of COP which is valued $49,117.

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 America’s oil fields located on Alaska’s North Slope: Prudhoe Bay and Kuparuk.

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