ConocoPhillips (COP) : Neumann Capital Management reduced its stake in ConocoPhillips by 3.65% during the most recent quarter end. The investment management company now holds a total of 23,768 shares of ConocoPhillips which is valued at $983,282 after selling 900 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.ConocoPhillips makes up approximately 0.64% of Neumann Capital Management’s portfolio.
Other Hedge Funds, Including , Fayez Sarofim Co reduced its stake in COP by selling 38,264 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 3,783,010 shares of COP which is valued at $156,503,124. ConocoPhillips makes up approx 0.85% of Fayez Sarofim Co’s portfolio.Leisure Capital Management boosted its stake in COP in the latest quarter, The investment management firm added 388 additional shares and now holds a total of 22,952 shares of ConocoPhillips which is valued at $953,885. ConocoPhillips makes up approx 1.02% of Leisure Capital Management’s portfolio.Interocean Capital reduced its stake in COP by selling 452 shares or 4.04% in the most recent quarter. The Hedge Fund company now holds 10,733 shares of COP which is valued at $435,760. ConocoPhillips makes up approx 0.10% of Interocean Capital’s portfolio.Agran Libbie reduced its stake in COP by selling 3,806 shares or 4.0% in the most recent quarter. The Hedge Fund company now holds 91,450 shares of COP which is valued at $3,664,402. ConocoPhillips makes up approx 0.89% of Agran Libbie’s portfolio.
ConocoPhillips closed down -0.27 points or -0.62% at $43.32 with 61,90,137 shares getting traded on Friday. Post opening the session at $43.28, the shares hit an intraday low of $43.02 and an intraday high of $43.48 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. 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.