ConocoPhillips (COP) : Lynch Associatesin has sold out all of its stake in ConocoPhillips during the most recent quarter, according to the disclosure filed by the company on Oct 4, 2016 with the SEC. The investment management company has sold out 35,455 shares of ConocoPhillips which is valued at $1,556,829.
Other Hedge Funds, Including , Eqis Capital Management boosted its stake in COP in the latest quarter, The investment management firm added 917 additional shares and now holds a total of 7,610 shares of ConocoPhillips which is valued at $334,155. ConocoPhillips makes up approx 0.02% of Eqis Capital Management’s portfolio. Harbour Capital Advisors added COP to its portfolio by purchasing 10,998 company shares during the most recent quarter which is valued at $482,922. ConocoPhillips makes up approx 0.26% of Harbour Capital Advisors’s portfolio. Lvm Capital Management Ltdmi added COP to its portfolio by purchasing 12,000 company shares during the most recent quarter which is valued at $526,920. ConocoPhillips makes up approx 0.17% of Lvm Capital Management Ltdmi’s portfolio.Lau Associates reduced its stake in COP by selling 500 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 72,847 shares of COP which is valued at $3,198,712. ConocoPhillips makes up approx 3.26% of Lau Associates’s portfolio. Bath Savings Trust Co sold out all of its stake in COP during the most recent quarter. The investment firm sold 6,732 shares of COP which is valued $295,602.
ConocoPhillips closed down -0.56 points or -1.29% at $42.87 with 62,63,810 shares getting traded on Tuesday. Post opening the session at $43.43, the shares hit an intraday low of $42.59 and an intraday high of $43.54 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. 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.