Evermay Wealth Management adds ConocoPhillips (COP) to its portfolio

ConocoPhillips (COP) : Evermay Wealth Management added new position in ConocoPhillips during the most recent quarter end. The investment management firm now holds 4,679 shares of ConocoPhillips which is valued at $188,610 , the company said in a statement filed on Aug 3, 2016 with the SEC.ConocoPhillips makes up approximately 0.10% of Evermay Wealth Management’s portfolio.

Other Hedge Funds, Including , Matrix Asset Advisors Incny reduced its stake in COP by selling 2,137 shares or 1.3% in the most recent quarter. The Hedge Fund company now holds 162,037 shares of COP which is valued at $6,531,711. ConocoPhillips makes up approx 1.22% of Matrix Asset Advisors Incny’s portfolio.Smith Asset Management Group Lp reduced its stake in COP by selling 126 shares or 5.13% in the most recent quarter. The Hedge Fund company now holds 2,330 shares of COP which is valued at $93,363.Davis R M Inc reduced its stake in COP by selling 29,968 shares or 21.72% in the most recent quarter. The Hedge Fund company now holds 107,995 shares of COP which is valued at $4,612,466. ConocoPhillips makes up approx 0.22% of Davis R M Inc’s portfolio.M. Kraus Co reduced its stake in COP by selling 525 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 41,513 shares of COP which is valued at $1,756,000. ConocoPhillips makes up approx 1.03% of M. Kraus Co’s portfolio.

ConocoPhillips opened for trading at $40.98 and hit $41.8 on the upside on Monday, eventually ending the session at $41.56, with a gain of 2.36% or 0.96 points. The heightened volatility saw the trading volume jump to 96,79,509 shares. Company has a market cap of $51,472 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 America’s oil fields located on Alaska’s North Slope: Prudhoe Bay and Kuparuk.

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