Private Wealth Advisors Lowers stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Private Wealth Advisors reduced its stake in ConocoPhillips by 0.69% during the most recent quarter end. The investment management company now holds a total of 44,724 shares of ConocoPhillips which is valued at $1,973,670 after selling 313 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.ConocoPhillips makes up approximately 0.94% of Private Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Johnson Financial Group boosted its stake in COP in the latest quarter, The investment management firm added 6,310 additional shares and now holds a total of 22,415 shares of ConocoPhillips which is valued at $989,174. ConocoPhillips makes up approx 0.13% of Johnson Financial Group’s portfolio.Engineers Gate Manager Lp boosted its stake in COP in the latest quarter, The investment management firm added 92,344 additional shares and now holds a total of 97,344 shares of ConocoPhillips which is valued at $4,451,541. ConocoPhillips makes up approx 0.47% of Engineers Gate Manager Lp’s portfolio.Retirement Systems Of Alabama reduced its stake in COP by selling 4,942 shares or 0.39% in the most recent quarter. The Hedge Fund company now holds 1,270,301 shares of COP which is valued at $54,318,071. ConocoPhillips makes up approx 0.33% of Retirement Systems Of Alabama’s portfolio.Signalpoint Asset Management reduced its stake in COP by selling 553 shares or 2.39% in the most recent quarter. The Hedge Fund company now holds 22,603 shares of COP which is valued at $977,128. ConocoPhillips makes up approx 0.27% of Signalpoint Asset Management’s portfolio.Campbell Newman Asset Management Inc reduced its stake in COP by selling 300 shares or 5.31% in the most recent quarter. The Hedge Fund company now holds 5,351 shares of COP which is valued at $232,983. ConocoPhillips makes up approx 0.04% of Campbell Newman Asset Management Inc’s portfolio.

ConocoPhillips opened for trading at $43.71 and hit $44.96 on the upside on Monday, eventually ending the session at $44.76, with a gain of 2.64% or 1.15 points. The heightened volatility saw the trading volume jump to 84,29,374 shares. Company has a market cap of $55,459 M.

On the company’s financial health, ConocoPhillips reported $-0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $-0.71.Analysts expectations of $ 6496.38.During the same quarter in the previous year, the company posted $-0.38 EPS.

Many Wall Street Analysts have commented on ConocoPhillips. ConocoPhillips was Downgraded by CLSA to ” Underperform” on Nov 15, 2016. ConocoPhillips was Upgraded by Edward Jones to ” Buy” on Nov 7, 2016. Company shares were Reiterated by RBC Capital Mkts on Oct 31, 2016 to “Outperform”, Firm has raised the Price Target to $ 53 from a previous price target of $52 .

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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