North Star Investment Management Corp. buys $2,673,548 stake in ConocoPhillips (COP)

ConocoPhillips (COP) : North Star Investment Management Corp. scooped up 20,745 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 61,702 shares of ConocoPhillips which is valued at $2,673,548.ConocoPhillips makes up approximately 0.48% of North Star Investment Management Corp.’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors reduced its stake in COP by selling 7,500 shares or 1.64% in the most recent quarter. The Hedge Fund company now holds 449,668 shares of COP which is valued at $19,484,114. ConocoPhillips makes up approx 0.26% of Nisa Investment Advisors’s portfolio.Canal Capital Management boosted its stake in COP in the latest quarter, The investment management firm added 207 additional shares and now holds a total of 6,367 shares of ConocoPhillips which is valued at $282,631. ConocoPhillips makes up approx 0.26% of Canal Capital Management’s portfolio.Private Asset Management Inc boosted its stake in COP in the latest quarter, The investment management firm added 98 additional shares and now holds a total of 10,421 shares of ConocoPhillips which is valued at $457,586. ConocoPhillips makes up approx 0.08% of Private Asset Management Inc’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 America’s oil fields located on Alaska’s North Slope: Prudhoe Bay and Kuparuk.

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