Cibc World Markets Corp raised its stake in ConocoPhillips (NYSE:COP) by 35.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 174,818 shares of the energy producer’s stock after buying an additional 45,760 shares during the quarter. Cibc World Markets Corp’s holdings in ConocoPhillips were worth $7,685,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Financial Management Professionals Inc. lifted its stake in ConocoPhillips by 0.3% in the second quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after buying an additional 6 shares during the last quarter. Wendell David Associates Inc. increased its holdings in shares of ConocoPhillips by 0.3% during the second quarter. Wendell David Associates Inc. now owns 7,561 shares of the energy producer’s stock valued at $332,000 after purchasing an additional 26 shares during the period. Sheets Smith Wealth Management increased its holdings in shares of ConocoPhillips by 0.3% during the second quarter. Sheets Smith Wealth Management now owns 13,694 shares of the energy producer’s stock valued at $602,000 after purchasing an additional 37 shares during the period. Cornerstone Advisors Inc. increased its holdings in shares of ConocoPhillips by 1.0% during the second quarter. Cornerstone Advisors Inc. now owns 3,755 shares of the energy producer’s stock valued at $165,000 after purchasing an additional 37 shares during the period. Finally, Genesee Valley Trust Co. increased its holdings in shares of ConocoPhillips by 0.6% during the second quarter. Genesee Valley Trust Co. now owns 7,095 shares of the energy producer’s stock valued at $312,000 after purchasing an additional 45 shares during the period. Institutional investors own 70.08% of the company’s stock.

COP has been the topic of a number of research analyst reports. Jefferies Group LLC set a $54.00 price target on ConocoPhillips and gave the company a “buy” rating in a report on Tuesday, August 29th. Barclays PLC raised their price target on ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Royal Bank Of Canada set a $54.00 price target on ConocoPhillips and gave the company a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub raised ConocoPhillips from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. ConocoPhillips presently has a consensus rating of “Buy” and a consensus target price of $55.37.

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ConocoPhillips (COP) opened at $50.13 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23. ConocoPhillips has a 1 year low of $42.26 and a 1 year high of $54.22. The firm has a market capitalization of $59,931.22, a price-to-earnings ratio of 2,506.50, a P/E/G ratio of 12.32 and a beta of 1.28.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. The business had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the company posted ($0.66) EPS. research analysts expect that ConocoPhillips will post 0.54 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 16th will be given a dividend of $0.265 per share. The ex-dividend date is Friday, October 13th. This represents a $1.06 dividend on an annualized basis and a yield of 2.11%. ConocoPhillips’s payout ratio is presently -57.30%.

ConocoPhillips Company Profile

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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