ConocoPhillips: Big Shareholders Cashing Stock in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of ConocoPhillips (NYSE:COP).

SEC data indicate that these institutions significantly reduced their stock shares of ConocoPhillips in Q3 2011:

  • INSTITUTIONAL CAPITAL LLC: On 06/30/2011, held 5,026,591 shares, worth $370,962,416. On 09/30/2011, held 0 shares.
  • OLDFIELD PARTNERS LLP: On 06/30/2011, held 2,471,109 shares, worth $182,367,844. On 09/30/2011, held 0 shares.
  • COLUMBUS CIRCLE INVESTORS: On 06/30/2011, held 1,785,112 shares, worth $131,741,266. On 09/30/2011, held 0 shares.
  • DISCOVERY CAPITAL MANAGEMENT, LLC / CT: On 06/30/2011, held 890,300 shares, worth $65,704,140. On 09/30/2011, held 0 shares.
  • EMPLOYEES RETIREMENT SYSTEM OF TEXAS: On 06/30/2011, held 836,700 shares, worth $61,748,460. On 09/30/2011, held 0 shares.

About the company: ConocoPhillips is an international, integrated energy company which operates in several business segments. The Company explores for and produces petroleum, and refines, markets, supplies, and transports petroleum. ConocoPhillips also gathers and processes natural gas, and produces and distributes chemicals and plastics.

Competitors to Watch: Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), BP plc (NYSE:BP), Marathon Oil Corporation (NYSE:MRO), Hess Corp. (NYSE:HES), China Petroleum & Chemical Corp. (NYSE:SNP), TOTAL S.A. (NYSE:TOT) and Statoil ASA (NYSE:STO).

(Note: Data regarding ConocoPhillips’ stock holdings are sourced from All data are assumed to be accurate.)

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