Barrow Hanley Mewhinney & Strauss LLC Has Trimmed Conocophillips (COP) Stake by $19.63 Million; Market Valuation Declined

August 11, 2017 - By Clifton Ray

Investors sentiment decreased to 0.79 in 2016 Q4. Its down 0.01, from 0.8 in 2016Q3. It is negative, as 55 investors sold COP shares while 525 reduced holdings. 103 funds opened positions while 353 raised stakes. 805.56 million shares or 4.06% more from 774.14 million shares in 2016Q3 were reported. Eagle Asset owns 30,341 shares. Bahl & Gaynor holds 0% or 7,937 shares in its portfolio. Ipswich Investment Company, a Massachusetts-based fund reported 8,591 shares. Legacy Capital reported 50,325 shares stake. Moreover, Bokf Na has 0.13% invested in ConocoPhillips (NYSE:COP) for 80,935 shares. Loeb Prns Corp invested in 0.11% or 6,597 shares. Capital International Sarl invested in 34,565 shares. Covington Cap reported 118,360 shares stake. Da Davidson reported 0.16% stake. Brave Asset Management Incorporated owns 0.68% invested in ConocoPhillips (NYSE:COP) for 21,064 shares. J Goldman And Co Lp stated it has 0.05% in ConocoPhillips (NYSE:COP). Cleararc Cap invested 0.27% of its portfolio in ConocoPhillips (NYSE:COP). Connecticut-based Verition Fund Mgmt Ltd Liability Corporation has invested 0.04% in ConocoPhillips (NYSE:COP). Manchester Cap Management Llc holds 0.08% or 10,332 shares in its portfolio. Veritable Lp stated it has 181,701 shares.

Since May 19, 2017, it had 0 buys, and 1 sale for $431,590 activity.

Barrow Hanley Mewhinney & Strauss Llc decreased its stake in Conocophillips (COP) by 1.23% based on its latest 2016Q4 regulatory filing with the SEC. Barrow Hanley Mewhinney & Strauss Llc sold 392,639 shares as the company’s stock declined 0.06% while stock markets rallied. The institutional investor held 31.63 million shares of the integrated oil company at the end of 2016Q4, valued at $1.59B, down from 32.02M at the end of the previous reported quarter. Barrow Hanley Mewhinney & Strauss Llc who had been investing in Conocophillips for a number of months, seems to be less bullish one the $54.60 billion market cap company. The stock declined 0.22% or $0.1 reaching $44.87 per share. About 3.15 million shares traded. ConocoPhillips (NYSE:COP) has risen 9.50% since August 11, 2016 and is uptrending. It has underperformed by 7.20% the S&P500.

Barrow Hanley Mewhinney & Strauss Llc, which manages about $91.02 billion and $66.73 billion US Long portfolio, upped its stake in Cola European Partners Pl by 5.91M shares to 11.44 million shares, valued at $359.34 million in 2016Q4, according to the filing. It also increased its holding in New York Community Bancorp Inc (NYSE:NYCB) by 561,358 shares in the quarter, for a total of 18.76 million shares, and has risen its stake in Orbital Atk Inc.

More notable recent ConocoPhillips (NYSE:COP) news were published by: Fool.com which released: “3 Key Takeaways from ConocoPhillips’ Q2 2017 Earnings” on August 11, 2017, also Seekingalpha.com with their article: “Can ConocoPhillips Remain Profitable?” published on August 06, 2017, Reuters.com published: “ConocoPhillips trims capex after posting quarterly loss” on July 27, 2017. More interesting news about ConocoPhillips (NYSE:COP) were released by: Seekingalpha.com and their article: “ConocoPhillips: Earnings Preview” published on July 22, 2017 as well as Fool.com‘s news article titled: “6 Things ConocoPhillips’ CFO Wants You to Know About the Progress on Its Strategy” with publication date: August 07, 2017.

ConocoPhillips (NYSE:COP) Ratings Coverage

Among 22 analysts covering ConocoPhillips (NYSE:COP), 15 have Buy rating, 1 Sell and 6 Hold. Therefore 68% are positive. ConocoPhillips had 64 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of ConocoPhillips (NYSE:COP) earned “Buy” rating by Citigroup on Friday, April 29. The stock has “Hold” rating by Societe Generale on Thursday, February 4. The company was downgraded on Monday, August 31 by Vetr. Scotia Capital maintained ConocoPhillips (NYSE:COP) on Friday, April 7 with “Buy” rating. Bernstein downgraded ConocoPhillips (NYSE:COP) on Thursday, July 6 to “Market Perform” rating. The firm has “Buy” rating given on Monday, November 28 by Goldman Sachs. The firm earned “Buy” rating on Thursday, March 30 by UBS. The firm earned “Neutral” rating on Thursday, May 11 by Bank of America. The rating was maintained by Deutsche Bank on Tuesday, March 29 with “Buy”. The stock of ConocoPhillips (NYSE:COP) earned “Buy” rating by Argus Research on Wednesday, December 9.

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