ConocoPhillips (COP) : Eastern Bank reduced its stake in ConocoPhillips by 0.62% during the most recent quarter end. The investment management company now holds a total of 309,809 shares of ConocoPhillips which is valued at $12,909,741 after selling 1,934 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.ConocoPhillips makes up approximately 1.05% of Eastern Bank’s portfolio.
Other Hedge Funds, Including , Jolley Asset Management reduced its stake in COP by selling 418 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 60,784 shares of COP which is valued at $2,532,869. ConocoPhillips makes up approx 2.09% of Jolley Asset Management’s portfolio.Cornerstone Investment Partners reduced its stake in COP by selling 8,536 shares or 27.12% in the most recent quarter. The Hedge Fund company now holds 22,941 shares of COP which is valued at $966,963. ConocoPhillips makes up approx 0.04% of Cornerstone Investment Partners’s portfolio.Centurylink Investment Management Co boosted its stake in COP in the latest quarter, The investment management firm added 1,692 additional shares and now holds a total of 31,253 shares of ConocoPhillips which is valued at $1,354,192. ConocoPhillips makes up approx 0.47% of Centurylink Investment Management Co’s portfolio.Banced Corp boosted its stake in COP in the latest quarter, The investment management firm added 758 additional shares and now holds a total of 16,368 shares of ConocoPhillips which is valued at $709,225. ConocoPhillips makes up approx 1.41% of Banced Corp’s portfolio.West Oak Capital boosted its stake in COP in the latest quarter, The investment management firm added 854 additional shares and now holds a total of 10,453 shares of ConocoPhillips which is valued at $458,991. ConocoPhillips makes up approx 0.32% of West Oak Capital’s portfolio.
ConocoPhillips closed down -0.48 points or -1.14% at $41.67 with 65,71,294 shares getting traded on Friday. Post opening the session at $42.35, the shares hit an intraday low of $41.64 and an intraday high of $42.74 and the price fluctuated in this range throughout the day.Shares ended Friday 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.