Coldstream Capital Management Inc. Has $2.37 Million Stock Holdings in ConocoPhillips (NYSE:COP)

Coldstream Capital Management Inc. lifted its position in ConocoPhillips (NYSE:COP) by 23.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,451 shares of the energy producer’s stock after buying an additional 3,910 shares during the quarter. Coldstream Capital Management Inc.’s holdings in ConocoPhillips were worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of COP. Alphinity Investment Management Pty Ltd acquired a new stake in shares of ConocoPhillips in the third quarter worth $310,102,000. Capital Wealth Planning LLC raised its stake in ConocoPhillips by 45,426.8% during the 3rd quarter. Capital Wealth Planning LLC now owns 1,429,085 shares of the energy producer’s stock valued at $171,204,000 after purchasing an additional 1,425,946 shares during the last quarter. International Assets Investment Management LLC raised its stake in ConocoPhillips by 13,905.3% during the 4th quarter. International Assets Investment Management LLC now owns 1,114,261 shares of the energy producer’s stock valued at $129,332,000 after purchasing an additional 1,106,305 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in ConocoPhillips during the 3rd quarter valued at $99,676,000. Finally, Pacer Advisors Inc. raised its stake in ConocoPhillips by 29.3% during the 4th quarter. Pacer Advisors Inc. now owns 3,422,834 shares of the energy producer’s stock valued at $397,288,000 after purchasing an additional 776,107 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ConocoPhillips

In related news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Michael Lance sold 607,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $125.91, for a total value of $76,427,370.00. Following the sale, the chief executive officer now directly owns 6,780 shares of the company’s stock, valued at $853,669.80. The disclosure for this sale can be found here. Insiders have sold 700,775 shares of company stock worth $87,615,169 in the last ninety days. Company insiders own 0.34% of the company’s stock.

ConocoPhillips Price Performance

NYSE:COP traded down $0.96 during mid-day trading on Monday, reaching $120.75. 1,082,557 shares of the company were exchanged, compared to its average volume of 5,316,964. ConocoPhillips has a 12 month low of $98.38 and a 12 month high of $135.18. The company has a fifty day moving average of $125.79 and a 200 day moving average of $117.74. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35. The stock has a market cap of $141.22 billion, a PE ratio of 13.78, a PEG ratio of 2.68 and a beta of 1.25.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be given a dividend of $0.78 per share. The ex-dividend date is Friday, May 10th. This represents a $3.12 dividend on an annualized basis and a yield of 2.58%. ConocoPhillips’s payout ratio is presently 26.27%.

Analysts Set New Price Targets

COP has been the subject of several research analyst reports. Susquehanna upped their target price on shares of ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Piper Sandler boosted their price target on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Barclays initiated coverage on shares of ConocoPhillips in a report on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price target on the stock. Truist Financial lowered their price target on shares of ConocoPhillips from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Finally, Raymond James lowered their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.24.

About ConocoPhillips

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.