Mystic Asset Management Inc. Purchases 5,039 Shares of ConocoPhillips (NYSE:COP)

Mystic Asset Management Inc. raised its stake in ConocoPhillips (NYSE:COP - Free Report) by 157.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,244 shares of the energy producer's stock after acquiring an additional 5,039 shares during the period. Mystic Asset Management Inc.'s holdings in ConocoPhillips were worth $818,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cypress Capital Group boosted its stake in ConocoPhillips by 0.5% in the third quarter. Cypress Capital Group now owns 18,790 shares of the energy producer's stock worth $1,978,000 after purchasing an additional 96 shares in the last quarter. Orrstown Financial Services Inc. boosted its stake in ConocoPhillips by 3.0% in the fourth quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock worth $331,000 after purchasing an additional 96 shares in the last quarter. Smithfield Trust Co boosted its stake in ConocoPhillips by 3.3% in the third quarter. Smithfield Trust Co now owns 3,132 shares of the energy producer's stock worth $332,000 after purchasing an additional 100 shares in the last quarter. Principle Wealth Partners LLC boosted its stake in ConocoPhillips by 0.3% in the fourth quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock worth $3,695,000 after purchasing an additional 100 shares in the last quarter. Finally, Arlington Trust Co LLC boosted its stake in ConocoPhillips by 1.2% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

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ConocoPhillips Trading Down 0.3 %

Shares of ConocoPhillips stock traded down $0.26 during trading hours on Friday, hitting $102.05. The company's stock had a trading volume of 55,090,100 shares, compared to its average volume of 6,427,545. ConocoPhillips has a 12 month low of $86.81 and a 12 month high of $135.18. The stock has a 50 day moving average of $99.21 and a 200 day moving average of $103.45. The company has a market capitalization of $129.84 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results 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 return on equity of 17.26% and a net margin of 16.23%. Analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.78 per share. The ex-dividend date was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.06%. ConocoPhillips's payout ratio is presently 40.05%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on COP shares. Truist Financial boosted their price objective on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Barclays cut their price target on ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Raymond James lowered ConocoPhillips from a "strong-buy" rating to an "outperform" rating and cut their price target for the company from $157.00 to $124.00 in a research note on Monday, February 10th. TD Cowen started coverage on ConocoPhillips in a research note on Friday, January 17th. They set a "buy" rating and a $125.00 price target on the stock. Finally, Wells Fargo & Company cut their price target on ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating on the stock in a research note 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.05.

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.