Charter Trust Co buys $2,073,624 stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Charter Trust Co scooped up 3,218 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 49,763 shares of ConocoPhillips which is valued at $2,073,624.ConocoPhillips makes up approximately 0.24% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , Gierl Augustine Investment Management Inc boosted its stake in COP in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 1,556 shares of ConocoPhillips which is valued at $64,839. ConocoPhillips makes up approx 0.06% of Gierl Augustine Investment Management Inc’s portfolio. Terra Nova Asset Management sold out all of its stake in COP during the most recent quarter. The investment firm sold 6,027 shares of COP which is valued $261,150.Centre Asset Management reduced its stake in COP by selling 1,000 shares or 5.2% in the most recent quarter. The Hedge Fund company now holds 18,240 shares of COP which is valued at $809,674. ConocoPhillips makes up approx 0.15% of Centre Asset Management’s portfolio.Stillwater Investment Management reduced its stake in COP by selling 26 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 29,049 shares of COP which is valued at $1,275,542. ConocoPhillips makes up approx 0.69% of Stillwater Investment Management’s portfolio.Chevy Chase Trust Holdings reduced its stake in COP by selling 25,099 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 1,038,600 shares of COP which is valued at $45,604,926. ConocoPhillips makes up approx 0.25% of Chevy Chase Trust Holdings’s portfolio.

ConocoPhillips closed down -0.48 points or -1.14% at $41.67 with 65,71,294 shares getting traded on Friday. Post opening the session at $42.35, the shares hit an intraday low of $41.64 and an intraday high of $42.74 and the price fluctuated in this range throughout the day.Shares ended Friday 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 JP Morgan to ” Overweight” on Sep 12, 2016. ConocoPhillips was Upgraded by Jefferies to ” Hold” on Sep 7, 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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