Rpg Investment Advisory buys $5,149,413 stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Rpg Investment Advisory scooped up 30,599 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 124,412 shares of ConocoPhillips which is valued at $5,149,413.ConocoPhillips makes up approximately 1.31% of Rpg Investment Advisory’s portfolio.

Other Hedge Funds, Including , Leisure Capital Management boosted its stake in COP in the latest quarter, The investment management firm added 388 additional shares and now holds a total of 22,952 shares of ConocoPhillips which is valued at $953,885. ConocoPhillips makes up approx 1.02% of Leisure Capital Management’s portfolio.Flippin Bruce Porter Inc boosted its stake in COP in the latest quarter, The investment management firm added 4,983 additional shares and now holds a total of 122,395 shares of ConocoPhillips which is valued at $5,065,929. ConocoPhillips makes up approx 1.42% of Flippin Bruce Porter Inc’s portfolio.Armbruster Capital Management reduced its stake in COP by selling 300 shares or 29.88% in the most recent quarter. The Hedge Fund company now holds 704 shares of COP which is valued at $28,737. ConocoPhillips makes up approx 0.02% of Armbruster Capital Management’s portfolio.Coastline Trust Co reduced its stake in COP by selling 5,325 shares or 18.21% in the most recent quarter. The Hedge Fund company now holds 23,925 shares of COP which is valued at $1,005,568. ConocoPhillips makes up approx 0.20% of Coastline Trust Co’s portfolio.

ConocoPhillips opened for trading at $42.69 and hit $43.25 on the upside on Wednesday, eventually ending the session at $43.2, with a gain of 0.79% or 0.34 points. The heightened volatility saw the trading volume jump to 88,57,666 shares. Company has a market cap of $53,503 M.

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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