ConocoPhillips (COP) : Violich Capital Management reduced its stake in ConocoPhillips by 1.15% during the most recent quarter end. The investment management company now holds a total of 66,050 shares of ConocoPhillips which is valued at $2,732,489 after selling 770 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.ConocoPhillips makes up approximately 0.83% of Violich Capital Management’s portfolio.
Other Hedge Funds, Including , Pinnacle Associates Ltd boosted its stake in COP in the latest quarter, The investment management firm added 2,801 additional shares and now holds a total of 174,360 shares of ConocoPhillips which is valued at $7,213,273. ConocoPhillips makes up approx 0.15% of Pinnacle Associates Ltd’s portfolio.Wesbanco Bank Inc reduced its stake in COP by selling 13,284 shares or 6.43% in the most recent quarter. The Hedge Fund company now holds 193,249 shares of COP which is valued at $7,998,576. ConocoPhillips makes up approx 0.46% of Wesbanco Bank Inc’s portfolio.Bangor Savings Bank boosted its stake in COP in the latest quarter, The investment management firm added 1,172 additional shares and now holds a total of 8,792 shares of ConocoPhillips which is valued at $356,955. ConocoPhillips makes up approx 0.09% of Bangor Savings Bank’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.Excalibur Management Corp reduced its stake in COP by selling 275 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 24,339 shares of COP which is valued at $975,264. ConocoPhillips makes up approx 0.83% of Excalibur Management Corp’s portfolio.
ConocoPhillips closed down -0.45 points or -1.10% at $40.6 with 75,36,590 shares getting traded on Thursday. Post opening the session at $40.9, the shares hit an intraday low of $40.13 and an intraday high of $41.1 and the price fluctuated in this range throughout the day.Shares ended Thursday 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 Jefferies to ” Hold” on Sep 7, 2016. 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.