Park Avenue Institutional Advisers buys $322,479 stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Park Avenue Institutional Advisers scooped up 17 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 7,795 shares of ConocoPhillips which is valued at $322,479.ConocoPhillips makes up approximately 0.27% of Park Avenue Institutional Advisers’s portfolio.

Other Hedge Funds, Including , Sheets Smith Wealth Management reduced its stake in COP by selling 742 shares or 3.06% in the most recent quarter. The Hedge Fund company now holds 23,513 shares of COP which is valued at $972,733. ConocoPhillips makes up approx 0.28% of Sheets Smith Wealth Management’s portfolio. Sapphire Star Partners Lp sold out all of its stake in COP during the most recent quarter. The investment firm sold 10,998 shares of COP which is valued $454,987.Fiduciary Group reduced its stake in COP by selling 587 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 32,123 shares of COP which is valued at $1,328,929. ConocoPhillips makes up approx 0.36% of Fiduciary Group’s portfolio.Athena Global Investors reduced its stake in COP by selling 31,505 shares or 38.55% in the most recent quarter. The Hedge Fund company now holds 50,214 shares of COP which is valued at $2,078,357. ConocoPhillips makes up approx 3.11% of Athena Global Investors’s portfolio.First National Bank Of Mount Dora Trust Investment Services reduced its stake in COP by selling 1,700 shares or 2.09% in the most recent quarter. The Hedge Fund company now holds 79,661 shares of COP which is valued at $3,348,152. ConocoPhillips makes up approx 1.85% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.

ConocoPhillips closed down -0.45 points or -1.10% at $40.6 with 75,36,590 shares getting traded on Thursday. Post opening the session at $40.9, the shares hit an intraday low of $40.13 and an intraday high of $41.1 and the price fluctuated in this range throughout the day.Shares ended Thursday 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 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 America’s oil fields located on Alaska’s North Slope: Prudhoe Bay and Kuparuk.

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