Rand Wealth Trimmed Conocophillips (COP) Position by $1.56 Million; Hgk Asset Management Lowered Goldman Sachs Group (GS) Position by $832,818

June 21, 2018 - By Kurt Siggers

The Goldman Sachs Group, Inc. (NYSE:GS) Logo

Rand Wealth Llc decreased its stake in Conocophillips (COP) by 70.31% based on its latest 2018Q1 regulatory filing with the SEC. Rand Wealth Llc sold 26,447 shares as the company’s stock rose 15.69% while stock markets declined. The institutional investor held 11,166 shares of the integrated oil company at the end of 2018Q1, valued at $662,000, down from 37,613 at the end of the previous reported quarter. Rand Wealth Llc who had been investing in Conocophillips for a number of months, seems to be less bullish one the $78.95B market cap company. The stock increased 1.83% or $1.21 during the last trading session, reaching $67.47. About 6.32M shares traded. ConocoPhillips (NYSE:COP) has risen 45.33% since June 21, 2017 and is uptrending. It has outperformed by 32.76% the S&P500. Some Historical COP News: 10/05/2018 – ConocoPhillips Disrupts PDVSA’s Exports (Video); 15/05/2018 – CONOCOPHILLIPS COP.N CEO SAYS ‘PRETTY MUCH DONE WITH ANY LARGE DIVESTMENT PROGRAM’; 25/04/2018 – ConocoPhillips: Will Pursue Enforcement and Seek Fincl Recovery of Its Award to the Full Extent of the Law; 14/05/2018 – National Post: ConocoPhillips moves to sell North Sea oilfields to focus on U.S. shale; 11/05/2018 – PDVSA moves to protect exports as Conoco seizures weigh; 15/05/2018 – CONOCOPHILLIPS IS IN TALKS WITH CARIBBEAN OFFICIALS OVER PDVSA; 25/04/2018 – CONOCOPHILLIPS-RULING IN RESPONSE TO EXPROPRIATION OF CO’S INVESTMENTS IN HAMACA & PETROZUATA HEAVY CRUDE OIL PROJECTS IN 2007, OTHER FISCAL MEASURES; 06/03/2018 – CERAWEEK – CONOCOPHILLIPS COP.N CEO SAYS E&P INDUSTRY TRYING TO ATTRACT VALUE INVESTORS; 25/04/2018 – ConocoPhillips Wins $2 Billion Ruling Against Venezuelan Oil Company; 28/03/2018 – CONOCOPHILLIPS REPORTS PRICING OF CASH TENDER OFFER UP TO $400M

Hgk Asset Management Inc decreased its stake in Goldman Sachs Group (GS) by 6.26% based on its latest 2018Q1 regulatory filing with the SEC. Hgk Asset Management Inc sold 3,318 shares as the company’s stock declined 13.36% with the market. The institutional investor held 49,725 shares of the finance company at the end of 2018Q1, valued at $12.52M, down from 53,043 at the end of the previous reported quarter. Hgk Asset Management Inc who had been investing in Goldman Sachs Group for a number of months, seems to be less bullish one the $86.05 billion market cap company. The stock decreased 0.22% or $0.5 during the last trading session, reaching $227.82. About 2.68M shares traded. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 5.64% since June 21, 2017 and is uptrending. It has underperformed by 6.93% the S&P500. Some Historical GS News: 18/04/2018 – GOLDMAN SACHS CEO BLANKFEIN SAYS PROSPECTS FOR MARKETS LOOK GOOD – CNBC; 24/04/2018 – Simply Good Foods Co/The at Goldman Sachs Conference May 8; 08/03/2018 – TabbFORUM: NEWS: Exclusive: Goldman puts some London staff on notice for German move by June – sources (Reuters); 30/03/2018 – GOLDMAN SACHS WOMEN WIN CLASS-ACTION STATUS IN GENDER BIAS CASE; 17/04/2018 – Goldman Sachs and Vestar Capital Partners Agree to Sell Hearthside Food Solutions to an Investor Group Led by Charlesbank and Partners Group; 17/04/2018 – GOLDMAN CFO: OPEN-MINDED TO IDEA OF BUYING A COMMERCIAL LENDER; 17/04/2018 – Goldman Sachs: Global Core Liquid Assets $229 Billion in 1Q; 29/03/2018 – EXELON CORP EXC.N : GOLDMAN SACHS RAISES TO NEUTRAL FROM SELL; 11/04/2018 – GOLDMAN SACHS REPORTS 0.54% SHORT POSITION IN RHI MAGNESITA:AFM; 09/03/2018 – The Goldman Sachs era in Trump’s White House is fading away

Analysts await ConocoPhillips (NYSE:COP) to report earnings on July, 26. They expect $0.92 EPS, up 557.14% or $0.78 from last year’s $0.14 per share. COP’s profit will be $1.08 billion for 18.33 P/E if the $0.92 EPS becomes a reality. After $0.96 actual EPS reported by ConocoPhillips for the previous quarter, Wall Street now forecasts -4.17% negative EPS growth.

Investors sentiment decreased to 0.67 in 2018 Q1. Its down 0.05, from 0.72 in 2017Q4. It dropped, as 51 investors sold COP shares while 555 reduced holdings. 101 funds opened positions while 302 raised stakes. 805.59 million shares or 0.00% less from 805.62 million shares in 2017Q4 were reported. Peak Asset Mgmt Lc holds 2.25% or 103,398 shares. Markston Int Limited Liability Com holds 75,966 shares. Raab And Moskowitz Asset invested in 3,928 shares. 5,773 are owned by Sabal Trust. Moreover, Country Club Tru Na has 0.56% invested in ConocoPhillips (NYSE:COP) for 76,432 shares. Lombard Odier Asset Mngmt (Europe) reported 0.05% stake. Wedgewood Inc Pa stated it has 8,989 shares or 0.46% of all its holdings. Qci Asset Mgmt New York holds 4,585 shares or 0.03% of its portfolio. First Mercantile Tru owns 16,910 shares. Fjarde Ap reported 209,325 shares or 0.19% of all its holdings. Cipher Capital Lp accumulated 42,928 shares. Crow Point Ltd has invested 0.01% of its portfolio in ConocoPhillips (NYSE:COP). Fiera Cap invested in 0% or 6,340 shares. State Street holds 55.97 million shares or 0.28% of its portfolio. Moreover, Willingdon Wealth Mgmt has 0.01% invested in ConocoPhillips (NYSE:COP).

Rand Wealth Llc, which manages about $862.40 million and $889.94M US Long portfolio, upped its stake in Fidelity (FNCL) by 11,156 shares to 160,256 shares, valued at $6.47M in 2018Q1, according to the filing. It also increased its holding in Realty Income Corp (NYSE:O) by 46,291 shares in the quarter, for a total of 134,873 shares, and has risen its stake in S&P Global Inc.

Since March 29, 2018, it had 0 insider buys, and 8 sales for $20.96 million activity. 3,716 shares valued at $243,586 were sold by Freeman Jody on Monday, April 30. Another trade for 6,763 shares valued at $439,862 was sold by Schwarz Glenda Mae. LUNDQUIST ANDREW D had sold 25,000 shares worth $1.47M on Thursday, March 29.

Among 28 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 10 Hold. Therefore 61% are positive. ConocoPhillips had 104 analyst reports since August 4, 2015 according to SRatingsIntel. Guggenheim maintained the shares of COP in report on Wednesday, April 19 with “Neutral” rating. JP Morgan maintained ConocoPhillips (NYSE:COP) on Tuesday, December 15 with “Underweight” rating. The firm earned “Neutral” rating on Thursday, June 22 by Goldman Sachs. The rating was maintained by Barclays Capital on Friday, October 27 with “Overweight”. The stock has “Buy” rating by Jefferies on Friday, July 28. The company was maintained on Wednesday, December 9 by Argus Research. Jefferies maintained ConocoPhillips (NYSE:COP) on Friday, January 19 with “Buy” rating. On Monday, December 11 the stock rating was initiated by Credit Suisse with “Hold”. Piper Jaffray maintained it with “Buy” rating and $45.0 target in Thursday, August 24 report. Cowen & Co maintained ConocoPhillips (NYSE:COP) on Sunday, August 20 with “Buy” rating.

More news for ConocoPhillips (NYSE:COP) were recently published by: Benzinga.com, which released: “A Look Back At What’s Happened To Each Sector Through The First Half Of 2018 (Part 2)” on June 19, 2018. Fool.com‘s article titled: “ConocoPhillips and Chevron Stock Win Analysts’ Favor: What You Need to Know” and published on June 11, 2018 is yet another important article.

Among 32 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 14 have Buy rating, 1 Sell and 17 Hold. Therefore 44% are positive. Goldman Sachs Group Inc. had 109 analyst reports since July 21, 2015 according to SRatingsIntel. Atlantic Securities upgraded it to “Overweight” rating and $254 target in Friday, April 21 report. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Tuesday, November 29. The firm earned “Hold” rating on Friday, August 11 by HSBC. The firm has “Market Perform” rating given on Wednesday, July 19 by Wood. Atlantic Securities downgraded The Goldman Sachs Group, Inc. (NYSE:GS) on Wednesday, December 21 to “Neutral” rating. The company was upgraded on Monday, January 25 by Nomura. The firm earned “Sector Perform” rating on Monday, January 25 by RBC Capital Markets. BMO Capital Markets maintained The Goldman Sachs Group, Inc. (NYSE:GS) rating on Tuesday, July 18. BMO Capital Markets has “Hold” rating and $20200 target. As per Wednesday, August 12, the company rating was maintained by Deutsche Bank. On Tuesday, January 10 the stock rating was downgraded by Citigroup to “Sell”.

Since January 18, 2018, it had 0 buys, and 8 sales for $22.92 million activity. LEE BRIAN J sold $1.78M worth of The Goldman Sachs Group, Inc. (NYSE:GS) on Wednesday, February 21. The insider SOLOMON DAVID M sold 21,252 shares worth $5.77M. ROGERS JOHN F.W. had sold 4,400 shares worth $1.17 million on Friday, February 23. $2.70M worth of The Goldman Sachs Group, Inc. (NYSE:GS) was sold by SALAME PABLO J. The insider VINIAR DAVID A sold $4.40 million.

Analysts await The Goldman Sachs Group, Inc. (NYSE:GS) to report earnings on July, 17. They expect $4.72 earnings per share, up 19.49% or $0.77 from last year’s $3.95 per share. GS’s profit will be $1.78 billion for 12.07 P/E if the $4.72 EPS becomes a reality. After $6.95 actual earnings per share reported by The Goldman Sachs Group, Inc. for the previous quarter, Wall Street now forecasts -32.09% negative EPS growth.

Investors sentiment increased to 1.16 in 2018 Q1. Its up 0.17, from 0.99 in 2017Q4. It improved, as 61 investors sold GS shares while 357 reduced holdings. 140 funds opened positions while 345 raised stakes. 266.01 million shares or 1.06% less from 268.85 million shares in 2017Q4 were reported. Verition Fund Management Llc has 0.13% invested in The Goldman Sachs Group, Inc. (NYSE:GS). Gateway Advisers Lc owns 234,834 shares for 0.52% of their portfolio. Sun Life Fincl Inc has 0% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 950 shares. Yacktman Asset Mngmt Limited Partnership has invested 0.36% in The Goldman Sachs Group, Inc. (NYSE:GS). Quantitative Systematic Strategies Limited Liability has invested 0.11% in The Goldman Sachs Group, Inc. (NYSE:GS). Geller Advsrs Limited Company holds 0.12% or 950 shares. Contravisory Investment Mgmt holds 292 shares or 0.03% of its portfolio. Legacy Private Tru holds 1,069 shares. Suvretta Capital Management Limited owns 1.22% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 191,900 shares. Moody Bancorp Division has invested 0.06% in The Goldman Sachs Group, Inc. (NYSE:GS). Foundry Prtnrs Ltd Liability Corporation stated it has 81,000 shares or 0.87% of all its holdings. Parsons Cap Mngmt Ri holds 3,448 shares or 0.1% of its portfolio. Morgens Waterfall Vintiadis And holds 2,000 shares. Rampart Inv Mngmt Co Ltd Liability Corp stated it has 0.5% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). American Century Incorporated reported 207,802 shares.

More notable recent The Goldman Sachs Group, Inc. (NYSE:GS) news were published by: Streetinsider.com which released: “Blackstone (BX), Goldman Sachs (GS) & Olympus Partners Report Agreement to Acquire PSAV” on June 20, 2018, also Bizjournals.com with their article: “Banking Roundup: Joint health-care venture names CEO… Citigroup interest rate settlement… Wells Fargo cuts jobs” published on June 20, 2018, Nasdaq.com published: “With GE Gone, It’s Time to Stop Covering the Dow Jones Index” on June 20, 2018. More interesting news about The Goldman Sachs Group, Inc. (NYSE:GS) were released by: Seekingalpha.com and their article: “US banks may boost payouts by $30B after stress tests: Bloomberg” published on June 19, 2018 as well as Seekingalpha.com‘s news article titled: “2 Favorite Banks” with publication date: June 14, 2018.

The Goldman Sachs Group, Inc. (NYSE:GS) Institutional Positions Chart

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