ConocoPhillips (COP) : Shoker Investment Counsel reduced its stake in ConocoPhillips by 4.22% during the most recent quarter end. The investment management company now holds a total of 19,823 shares of ConocoPhillips which is valued at $820,078 after selling 873 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.ConocoPhillips makes up approximately 0.70% of Shoker Investment Counsel’s portfolio.
Other Hedge Funds, Including , Profund Advisors boosted its stake in COP in the latest quarter, The investment management firm added 22,800 additional shares and now holds a total of 95,851 shares of ConocoPhillips which is valued at $3,965,356. ConocoPhillips makes up approx 0.18% of Profund Advisors’s portfolio.Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in COP in the latest quarter, The investment management firm added 19,100 additional shares and now holds a total of 41,000 shares of ConocoPhillips which is valued at $1,652,710. ConocoPhillips makes up approx 0.02% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in COP by selling 13,534 shares or 4.94% in the most recent quarter. The Hedge Fund company now holds 260,264 shares of COP which is valued at $10,623,976. ConocoPhillips makes up approx 0.08% of Public Employees Retirement Association Of Colorado’s portfolio.Ibm Retirement Fund boosted its stake in COP in the latest quarter, The investment management firm added 1,517 additional shares and now holds a total of 162,839 shares of ConocoPhillips which is valued at $6,637,318. ConocoPhillips makes up approx 0.24% of Ibm Retirement Fund’s portfolio.
ConocoPhillips opened for trading at $42.18 and hit $42.47 on the upside on Monday, eventually ending the session at $42.35, with a gain of 0.12% or 0.05 points. The heightened volatility saw the trading volume jump to 44,60,996 shares. Company has a market cap of $52,451 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 Americas oil fields located on Alaskas North Slope: Prudhoe Bay and Kuparuk.