Cibc World Markets Corp Has $20.29 Million Stock Holdings in ConocoPhillips (NYSE:COP)

Cibc World Markets Corp grew its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 29.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 204,596 shares of the energy producer's stock after purchasing an additional 46,837 shares during the period. Cibc World Markets Corp's holdings in ConocoPhillips were worth $20,290,000 as of its most recent SEC filing.

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

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ConocoPhillips Price Performance

NYSE COP traded down $0.26 on Friday, reaching $102.05. 55,090,085 shares of the stock traded hands, compared to its average volume of 8,654,744. ConocoPhillips has a 12 month low of $86.81 and a 12 month high of $135.18. The company has a market cap of $129.84 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 0.79 and a beta of 1.12. The firm's fifty day simple moving average is $99.21 and its 200 day simple moving average is $103.53. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's payout ratio is 40.05%.

Wall Street Analyst Weigh In

COP has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a research report on Thursday, January 30th. UBS Group cut their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Raymond James lowered shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Mizuho upgraded shares of ConocoPhillips from a "neutral" rating to an "outperform" rating and upped their target price for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Finally, Morgan Stanley initiated coverage on ConocoPhillips in a research note on Monday, December 16th. They issued an "overweight" rating and a $128.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $133.05.

ConocoPhillips 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.