ConocoPhillips (COP) : Bank Of Hawaii reduced its stake in ConocoPhillips by 13.81% during the most recent quarter end. The investment management company now holds a total of 55,906 shares of ConocoPhillips which is valued at $2,253,571 after selling 8,956 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.ConocoPhillips makes up approximately 0.24% of Bank Of Hawaii’s portfolio.
Other Hedge Funds, Including , Whittier Trust Co reduced its stake in COP by selling 3,000 shares or 17.1% in the most recent quarter. The Hedge Fund company now holds 14,545 shares of COP which is valued at $593,727. ConocoPhillips makes up approx 0.03% of Whittier Trust Co’s portfolio.Capital Fund Management S.a. reduced its stake in COP by selling 152,293 shares or 33.91% in the most recent quarter. The Hedge Fund company now holds 296,758 shares of COP which is valued at $11,891,093. ConocoPhillips makes up approx 0.20% of Capital Fund Management S.a.’s portfolio.Kessler Investment Group boosted its stake in COP in the latest quarter, The investment management firm added 2,806 additional shares and now holds a total of 54,186 shares of ConocoPhillips which is valued at $2,277,438. ConocoPhillips makes up approx 3.14% of Kessler Investment Group’s portfolio.Pennsylvania Trust Co reduced its stake in COP by selling 4,258 shares or 16.48% in the most recent quarter. The Hedge Fund company now holds 21,577 shares of COP which is valued at $906,881. ConocoPhillips makes up approx 0.07% of Pennsylvania Trust Co’s portfolio.
ConocoPhillips closed down -0.21 points or -0.52% at $40.1 with 69,14,852 shares getting traded on Thursday. Post opening the session at $40.17, the shares hit an intraday low of $39.66 and an intraday high of $40.46 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. 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.