ConocoPhillips (NYSE:COP) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC reduced its position in ConocoPhillips (NYSE:COP - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,068,845 shares of the energy producer's stock after selling 110,810 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.18% of ConocoPhillips worth $210,236,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of COP. Orrstown Financial Services Inc. grew its stake in ConocoPhillips by 3.0% in the 4th quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock valued at $331,000 after acquiring an additional 96 shares during the last quarter. Principle Wealth Partners LLC lifted its holdings in shares of ConocoPhillips by 0.3% in the fourth quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock valued at $3,695,000 after purchasing an additional 100 shares in the last quarter. Arlington Trust Co LLC grew its position in shares of ConocoPhillips by 1.2% in the fourth quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock valued at $857,000 after purchasing an additional 102 shares during the last quarter. Courier Capital LLC increased its stake in shares of ConocoPhillips by 0.5% during the 4th quarter. Courier Capital LLC now owns 20,481 shares of the energy producer's stock worth $2,031,000 after purchasing an additional 103 shares in the last quarter. Finally, Gray Wealth Management Inc. raised its position in shares of ConocoPhillips by 5.0% during the 4th quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock worth $215,000 after purchasing an additional 104 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

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ConocoPhillips Trading Up 0.4 %

COP traded up $0.44 on Wednesday, reaching $105.83. 2,465,713 shares of the company's stock were exchanged, compared to its average volume of 6,764,806. ConocoPhillips has a twelve month low of $86.81 and a twelve month high of $135.18. The company's 50 day moving average is $98.96 and its 200-day moving average is $103.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The company has a market cap of $134.66 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.79 and a beta of 1.12.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Equities analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is presently 40.05%.

Analyst Ratings Changes

COP has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price target on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Raymond James downgraded shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $157.00 to $124.00 in a research note on Monday, February 10th. Mizuho raised shares of ConocoPhillips from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $132.00 to $134.00 in a research note on Monday, December 16th. Evercore ISI reiterated an "outperform" rating and set a $165.00 price target on shares of ConocoPhillips in a report on Friday, December 6th. Finally, Wells Fargo & Company decreased their target price on shares of ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, ConocoPhillips has an average rating of "Moderate Buy" and a consensus target price of $132.95.

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.