172,792 Shares in ConocoPhillips $COP Acquired by CIBC Bancorp USA Inc.

CIBC Bancorp USA Inc. bought a new stake in shares of ConocoPhillips (NYSE:COP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 172,792 shares of the energy producer’s stock, valued at approximately $16,344,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Capital International Investors lifted its position in shares of ConocoPhillips by 18.2% during the 3rd quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock valued at $4,318,239,000 after acquiring an additional 7,037,873 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of ConocoPhillips by 31.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer’s stock worth $966,267,000 after acquiring an additional 2,575,803 shares during the last quarter. Primecap Management Co. CA raised its position in shares of ConocoPhillips by 31.3% during the third quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer’s stock worth $979,102,000 after purchasing an additional 2,467,555 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of ConocoPhillips during the third quarter worth $135,265,000. Finally, First Trust Advisors LP lifted its holdings in shares of ConocoPhillips by 146.6% during the second quarter. First Trust Advisors LP now owns 2,315,757 shares of the energy producer’s stock valued at $207,816,000 after purchasing an additional 1,376,509 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Price Performance

NYSE COP opened at $125.98 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.30 and a quick ratio of 1.14. The firm has a market capitalization of $155.67 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 3.40 and a beta of 0.27. The company has a 50 day simple moving average of $108.71 and a 200-day simple moving average of $97.64. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $126.35.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.21). The company had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.98 earnings per share. Equities research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 18th were given a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a yield of 2.7%. ConocoPhillips’s dividend payout ratio (DPR) is presently 53.00%.

Analyst Ratings Changes

A number of research firms recently weighed in on COP. Morgan Stanley decreased their price target on ConocoPhillips from $117.00 to $108.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Capital One Financial upped their price objective on shares of ConocoPhillips from $111.00 to $116.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 20th. Wells Fargo & Company raised their target price on shares of ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Citigroup lifted their target price on shares of ConocoPhillips from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, BMO Capital Markets boosted their price target on shares of ConocoPhillips from $115.00 to $130.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.38.

Insider Activity

In other ConocoPhillips news, SVP Andrew D. Lundquist sold 34,500 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $4,128,960.00. Following the transaction, the senior vice president owned 17,469 shares in the company, valued at $2,090,689.92. The trade was a 66.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Heather G. Hrap sold 2,654 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $317,630.72. Following the sale, the senior vice president directly owned 5,663 shares of the company’s stock, valued at $677,747.84. This trade represents a 31.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 100,176 shares of company stock valued at $11,934,877. 0.24% of the stock is currently owned by company insiders.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Strong industry tailwinds: oil prices jumped after missile attacks on Qatar energy assets, which typically lifts upstream producers’ near-term cash flows and sentiment. Oil Prices Surge After Attacks on Energy Assets in Qatar; Energy Stocks Higher in Premarket Trading
• Positive Sentiment: Strategic acreage gains: ConocoPhillips was among bidders in a record Alaska National Petroleum Reserve lease sale, signaling access to high-potential upstream inventory that can support long-term production growth. Record Arctic Alaska auction lures ExxonMobil, Shell, Repsol and ConocoPhillips
• Positive Sentiment: Record Alaska sale economic signal: Oil majors collectively bid ~$163M in the sale, underscoring strong industry appetite for U.S. exploration assets — a positive backdrop for COP’s growth outlook. Oil Giants Bid $163 Million in Trump’s Record Alaska Lease Sale
• Positive Sentiment: Analyst bullishness: Mizuho raised its COP price target to $136 and Barclays to $128, providing support for investor expectations. Mizuho Raises ConocoPhillips (NYSE:COP) Price Target to $136.00 Barclays Increases ConocoPhillips (NYSE:COP) Price Target to $128.00
• Positive Sentiment: Institutional buying: Advisory Services Network LLC disclosed an increase in COP holdings, signaling some investor confidence. Advisory Services Network LLC Grows Stock Holdings in ConocoPhillips $COP
• Positive Sentiment: Sector-level benefit: A CBS News analysis projects U.S. oil producers could see a multi‑billion dollar boost from elevated crude prices in the near term, which supports COP’s cash flow outlook. U.S. oil producers could get $63 billion boost from high crude prices
• Neutral Sentiment: Upcoming earnings: COP scheduled its Q1 earnings call for April 30 — a key event that will provide fresh guidance and could move the stock depending on production, realized prices and capex commentary. ConocoPhillips to hold first-quarter earnings conference call on Thursday April 30
• Neutral Sentiment: Asset consolidation in Australia: ConocoPhillips’ Australian unit issued a buyout notice to acquire 3D Energi’s VIC/P79 stake in the Otway Basin — a tactical move that may simplify operations but has uncertain near-term value impact. 3D Energi says ConocoPhillips’ Australian unit seeks buy its stake in Otway Basin
• Negative Sentiment: Insider selling: A ConocoPhillips senior VP sold roughly $4.13M in stock, which can be perceived negatively by some investors even if part of routine diversification. ConocoPhillips (NYSE:COP) SVP Sells $4,128,960.00 in Stock

ConocoPhillips Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.