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

NodeGuardian · 2026-03-21T22:55:38+00:00

CIBC Bancorp USA Inc. acquired 172,792 shares in ConocoPhillips, worth about $16.34 million. Despite missed earnings expectations, analysts hold a "Moderate Buy" rating with a price target of $120.38.

NodeGuardian

2026-03-21 22:55:38

Abstract generation in progress

CIBC Bancorp USA Inc. has acquired a new stake of 172,792 shares in ConocoPhillips (NYSE:COP), valued at approximately $16.34 million, during the third quarter. This acquisition is part of broader institutional investor activity, with several other large investors also adjusting their holdings in the energy producer. ConocoPhillips recently reported quarterly earnings that missed analyst expectations, but analysts generally maintain a “Moderate Buy” consensus rating with an average price target of $120.38 for the stock.

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