Adams Asset Advisors buys $6,886,952 stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Adams Asset Advisors scooped up 11,452 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 163,858 shares of ConocoPhillips which is valued at $6,886,952.ConocoPhillips makes up approximately 1.15% of Adams Asset Advisors’s portfolio.

Other Hedge Funds, Including , Nordea Investment Management Ab boosted its stake in COP in the latest quarter, The investment management firm added 4,429 additional shares and now holds a total of 565,525 shares of ConocoPhillips which is valued at $23,769,016. ConocoPhillips makes up approx 0.07% of Nordea Investment Management Ab’s portfolio. Vigilant Capital Management added COP to its portfolio by purchasing 367 company shares during the most recent quarter which is valued at $15,425.Wendell David Associates Inc boosted its stake in COP in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 8,920 shares of ConocoPhillips which is valued at $374,908. ConocoPhillips makes up approx 0.07% of Wendell David Associates Inc’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in COP in the latest quarter, The investment management firm added 15,145 additional shares and now holds a total of 247,658 shares of ConocoPhillips which is valued at $10,617,098. ConocoPhillips makes up approx 0.10% of Nn Investment Partners Holdings N.v.’s portfolio.Integrated Investment Consultants boosted its stake in COP in the latest quarter, The investment management firm added 509 additional shares and now holds a total of 2,543 shares of ConocoPhillips which is valued at $106,043. ConocoPhillips makes up approx 0.06% of Integrated Investment Consultants’s portfolio.

ConocoPhillips opened for trading at $41.72 and hit $42.33 on the upside on Wednesday, eventually ending the session at $42.03, with a gain of 0.29% or 0.12 points. The heightened volatility saw the trading volume jump to 66,95,857 shares. Company has a market cap of $52,049 M.

On the company’s financial health, ConocoPhillips reported $-0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-1.04.Analysts expectations of $ 4960.60.During the same quarter in the previous year, the company posted $-0.18 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.Company shares were Reiterated by UBS on Apr 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 48 from a previous price target of $40 .ConocoPhillips was Downgraded by Jefferies to ” Underperform” on Apr 21, 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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