ConocoPhillips (NYSE:COP) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp increased its holdings in shares of ConocoPhillips (NYSE:COP) by 29.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 204,596 shares of the energy producer’s stock after acquiring an additional 46,837 shares during the quarter. Cibc World Markets Corp’s holdings in ConocoPhillips were worth $20,290,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Creative Financial Designs Inc. ADV grew its holdings in shares of ConocoPhillips by 13.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,166 shares of the energy producer’s stock valued at $314,000 after purchasing an additional 368 shares during the last quarter. Gray Wealth Management Inc. boosted its position in ConocoPhillips by 5.0% during the 4th quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer’s stock valued at $215,000 after purchasing an additional 104 shares during the period. SlateStone Wealth LLC grew its stake in ConocoPhillips by 52.2% during the 4th quarter. SlateStone Wealth LLC now owns 21,064 shares of the energy producer’s stock worth $2,089,000 after buying an additional 7,228 shares during the last quarter. Nicholas Company Inc. increased its position in ConocoPhillips by 61.4% in the fourth quarter. Nicholas Company Inc. now owns 66,357 shares of the energy producer’s stock worth $6,581,000 after buying an additional 25,232 shares during the period. Finally, First National Advisers LLC lifted its stake in ConocoPhillips by 10.3% in the fourth quarter. First National Advisers LLC now owns 22,017 shares of the energy producer’s stock valued at $2,183,000 after buying an additional 2,062 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insiders Place Their Bets

In other news, Director Arjun N. Murti bought 2,500 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were acquired at an average cost of $95.87 per share, with a total value of $239,675.00. Following the completion of the transaction, the director now directly owns 21,500 shares in the company, valued at approximately $2,061,205. The trade was a 13.16 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.34% of the company’s stock.

ConocoPhillips Stock Up 0.5 %

COP stock opened at $99.42 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The firm has a market cap of $126.50 billion, a PE ratio of 12.76, a P/E/G ratio of 0.79 and a beta of 1.12. ConocoPhillips has a 12 month low of $86.81 and a 12 month high of $135.18. The firm has a 50 day simple moving average of $99.22 and a 200 day simple moving average of $103.65.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Equities research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.14%. ConocoPhillips’s dividend payout ratio is currently 40.05%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James cut shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Wells Fargo & Company cut their price target on ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Morgan Stanley assumed coverage on ConocoPhillips in a report on Monday, December 16th. They issued an “overweight” rating and a $128.00 price objective for the company. The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a research note on Thursday, January 30th. Finally, UBS Group decreased their price target on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.05.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.