Coldstream Capital Management Inc. Raises Stock Holdings in ConocoPhillips (NYSE:COP)

Coldstream Capital Management Inc. increased its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 38.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,585 shares of the energy producer's stock after purchasing an additional 9,836 shares during the quarter. Coldstream Capital Management Inc.'s holdings in ConocoPhillips were worth $3,529,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Orrstown Financial Services Inc. raised its position in shares of ConocoPhillips by 3.0% in the fourth quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock valued at $331,000 after buying an additional 96 shares during the last quarter. Principle Wealth Partners LLC raised its holdings in ConocoPhillips by 0.3% in the 4th quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock valued at $3,695,000 after acquiring an additional 100 shares during the last quarter. Arlington Trust Co LLC lifted its stake in shares of ConocoPhillips by 1.2% during the 4th quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock worth $857,000 after purchasing an additional 102 shares during the period. Courier Capital LLC boosted its holdings in shares of ConocoPhillips by 0.5% during the fourth 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 during the last quarter. Finally, Gray Wealth Management Inc. grew its position in shares of ConocoPhillips by 5.0% in the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock valued at $215,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Stock Down 0.0 %

Shares of NYSE:COP opened at $91.78 on Friday. The company has a market capitalization of $116.03 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company has a 50 day moving average of $94.56 and a two-hundred day moving average of $100.59. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $130.44. 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 quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. As a group, analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is 40.05%.

Analysts Set New Price Targets

COP has been the topic of a number of research analyst reports. Royal Bank of Canada decreased their price target on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. UBS Group lowered their target price on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. TD Cowen started coverage on shares of ConocoPhillips in a research note on Friday, January 17th. They set a "buy" rating and a $125.00 price target on the stock. Scotiabank lowered their price objective on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Finally, Truist Financial increased their target price on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, ConocoPhillips has a consensus rating of "Moderate Buy" and an average target price of $126.89.

ConocoPhillips Company 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.

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