Stevens Capital Management Lp buys $14,164,136 stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Stevens Capital Management Lp scooped up 266,928 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 342,377 shares of ConocoPhillips which is valued at $14,164,136.ConocoPhillips makes up approximately 0.54% of Stevens Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Pacific Global Investment Management Co boosted its stake in COP in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 9,303 shares of ConocoPhillips which is valued at $384,865. ConocoPhillips makes up approx 0.09% of Pacific Global Investment Management Co’s portfolio.Koshinski Asset Management boosted its stake in COP in the latest quarter, The investment management firm added 1,750 additional shares and now holds a total of 25,249 shares of ConocoPhillips which is valued at $1,044,551. ConocoPhillips makes up approx 0.53% of Koshinski Asset Management’s portfolio.Glenmede Trust Co Na reduced its stake in COP by selling 33,519 shares or 9.72% in the most recent quarter. The Hedge Fund company now holds 311,451 shares of COP which is valued at $12,644,911. ConocoPhillips makes up approx 0.07% of Glenmede Trust Co Na’s portfolio.Wilen Investment Management Corp. reduced its stake in COP by selling 1,700 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 97,561 shares of COP which is valued at $3,932,684. ConocoPhillips makes up approx 2.44% of Wilen Investment Management Corp.’s portfolio. Wcg Management added COP to its portfolio by purchasing 190,000 company shares during the most recent quarter which is valued at $7,658,900. ConocoPhillips makes up approx 8.94% of Wcg Management’s portfolio.

ConocoPhillips opened for trading at $42.18 and hit $42.47 on the upside on Monday, eventually ending the session at $42.35, with a gain of 0.12% or 0.05 points. The heightened volatility saw the trading volume jump to 44,60,996 shares. Company has a market cap of $52,451 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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