ConocoPhillips $COP Stock Position Trimmed by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC decreased its position in ConocoPhillips (NYSE:COP) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 119,275 shares of the energy producer’s stock after selling 10,406 shares during the period. CIBC Private Wealth Group LLC’s holdings in ConocoPhillips were worth $11,282,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in COP. Howard Hughes Medical Institute acquired a new position in shares of ConocoPhillips during the second quarter worth approximately $25,000. Cloud Capital Management LLC acquired a new stake in ConocoPhillips in the 3rd quarter valued at approximately $26,000. Strive Asset Management LLC bought a new stake in ConocoPhillips during the 3rd quarter valued at $28,000. Cedar Mountain Advisors LLC boosted its position in ConocoPhillips by 58.0% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock worth $30,000 after acquiring an additional 116 shares during the period. Finally, BNP Paribas acquired a new position in ConocoPhillips during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Raymond James Financial raised their price target on ConocoPhillips from $113.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. upped their price objective on shares of ConocoPhillips from $98.00 to $103.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Jefferies Financial Group raised their target price on shares of ConocoPhillips from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Zacks Research downgraded shares of ConocoPhillips from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Finally, Citigroup increased their price objective on shares of ConocoPhillips from $125.00 to $135.00 and gave the company a “buy” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.38.

Insiders Place Their Bets

In other ConocoPhillips news, Director Timothy A. Leach sold 40,000 shares of ConocoPhillips stock in a transaction on Friday, March 6th. The stock was sold at an average price of $118.79, for a total transaction of $4,751,600.00. Following the completion of the transaction, the director directly owned 411,211 shares of the company’s stock, valued at approximately $48,847,754.69. This trade represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nicholas G. Olds sold 14,522 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $119.36, for a total transaction of $1,733,345.92. Following the completion of the sale, the executive vice president owned 12,389 shares in the company, valued at $1,478,751.04. This represents a 53.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 100,176 shares of company stock worth $11,934,877 over the last quarter. Corporate insiders own 0.24% of the company’s stock.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock opened at $126.78 on Friday. The firm has a market cap of $156.66 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 3.47 and a beta of 0.27. The firm’s 50-day simple moving average is $109.30 and its 200-day simple moving average is $97.84. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $128.13. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.14 and a current ratio of 1.30.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results 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 business had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.35 billion. ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.98 EPS. As a group, research analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently announced 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. This represents a $3.36 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, February 18th. ConocoPhillips’s dividend payout ratio (DPR) is 53.00%.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips was a bidder in a record Alaska National Petroleum Reserve lease sale that drew roughly $163 million in high bids, signaling renewed upstream access and long‑term resource optionality for COP in the Arctic. Record Arctic Alaska auction lures ExxonMobil, Shell, Repsol and ConocoPhillips
• Positive Sentiment: Geopolitical flare-ups (missile attacks affecting LNG facilities) have pushed crude and energy prices higher, which should boost ConocoPhillips’ revenue and cash flow in the near term given its oil exposure. Oil Prices Surge After Attacks on Energy Assets in Qatar; Energy Stocks Higher in Premarket Trading
• Positive Sentiment: Mizuho raised its price target on COP to $136, reflecting bullish analyst sentiment that can support investor confidence and buying interest. Mizuho Raises ConocoPhillips (NYSE:COP) Price Target to $136.00
• Neutral Sentiment: ConocoPhillips scheduled its first‑quarter earnings conference call for April 30; investors will watch the call for updated production, capex guidance and margin commentary that could move the stock. ConocoPhillips to hold first-quarter earnings conference call on Thursday, April 30
• Neutral Sentiment: Analysts and press note U.S. oil producers could see a near‑term windfall from higher crude (an estimate cited ~$63B), but they also warn prolonged geopolitical conflict could harm demand and operations—an ambiguous signal for investors. U.S. oil producers could get $63 billion boost from high crude prices
• Negative Sentiment: An executive stock sale: a ConocoPhillips SVP sold about $4.13 million of COP shares, which investors sometimes view as a near‑term negative signal on insider sentiment even if sales are for diversification or other reasons. ConocoPhillips (NYSE:COP) SVP Sells $4,128,960.00 in Stock

ConocoPhillips Company 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.