ConocoPhillips (COP) : Id Management As reduced its stake in ConocoPhillips by 18.01% during the most recent quarter end. The investment management company now holds a total of 102,440 shares of ConocoPhillips which is valued at $4,375,212 after selling 22,499 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.ConocoPhillips makes up approximately 1.33% of Id Management As’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp reduced its stake in COP by selling 15,596 shares or 27.64% in the most recent quarter. The Hedge Fund company now holds 40,828 shares of COP which is valued at $1,750,296. ConocoPhillips makes up approx 0.12% of Cutler Group Lp’s portfolio.Benjamin F. Edwards Company reduced its stake in COP by selling 2,426 shares or 10.6% in the most recent quarter. The Hedge Fund company now holds 20,455 shares of COP which is valued at $876,906. ConocoPhillips makes up approx 0.17% of Benjamin F. Edwards Company’s portfolio.Summit Financial Wealth Advisors reduced its stake in COP by selling 1,090 shares or 13.37% in the most recent quarter. The Hedge Fund company now holds 7,062 shares of COP which is valued at $298,723. ConocoPhillips makes up approx 0.12% of Summit Financial Wealth Advisors’s portfolio.
ConocoPhillips closed down -0.23 points or -0.54% at $42.71 with 52,61,545 shares getting traded on Monday. Post opening the session at $42.73, the shares hit an intraday low of $42.21 and an intraday high of $42.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.
Investors should note that on Jul 13, 2016, ConocoPhillips announced a cash dividend of $0.2500. The company’s management has announced Jul 21, 2016 as the ex-dividend date and fixed the record date on Jul 25, 2016. The payable date has been fixed on Sep 1, 2016.
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 Americas oil fields located on Alaskas North Slope: Prudhoe Bay and Kuparuk.