ConocoPhillips (COP) : Banced Corp scooped up 758 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 16,368 shares of ConocoPhillips which is valued at $709,225.ConocoPhillips makes up approximately 1.41% of Banced Corp’s portfolio.
Other Hedge Funds, Including , Bristlecone Advisors added COP to its portfolio by purchasing 28,576 company shares during the most recent quarter which is valued at $1,238,198. ConocoPhillips makes up approx 0.45% of Bristlecone Advisors’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in COP by selling 324,877 shares or 71.75% in the most recent quarter. The Hedge Fund company now holds 127,929 shares of COP which is valued at $5,678,768. ConocoPhillips makes up approx 0.12% of Oregon Public Employees Retirement Fund’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in COP by selling 4,322 shares or 1.35% in the most recent quarter. The Hedge Fund company now holds 316,235 shares of COP which is valued at $13,983,912. ConocoPhillips makes up approx 0.29% of Exxonmobil Investment Management Inc Tx’s portfolio.First Mercantile Trust Co reduced its stake in COP by selling 600 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 16,425 shares of COP which is valued at $726,314. ConocoPhillips makes up approx 0.10% of First Mercantile Trust Co’s portfolio.
ConocoPhillips closed down -1.06 points or -2.39% at $43.33 with 68,99,410 shares getting traded on Tuesday. Post opening the session at $44.32, the shares hit an intraday low of $43.175 and an intraday high of $44.59 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. ConocoPhillips was Upgraded by JP Morgan to ” Overweight” on Sep 12, 2016. ConocoPhillips was Upgraded by Jefferies to ” Hold” on Sep 7, 2016.
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.