ConocoPhillips (NYSE:COP) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its stake in ConocoPhillips (NYSE:COP - Free Report) by 30.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,972,545 shares of the energy producer's stock after purchasing an additional 2,080,625 shares during the quarter. Goldman Sachs Group Inc. owned about 0.71% of ConocoPhillips worth $942,297,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of COP. Price T Rowe Associates Inc. MD increased its stake in shares of ConocoPhillips by 13.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock worth $4,546,706,000 after acquiring an additional 5,549,078 shares during the period. Northern Trust Corp grew its position in ConocoPhillips by 27.6% during the 4th quarter. Northern Trust Corp now owns 13,757,835 shares of the energy producer's stock worth $1,364,364,000 after purchasing an additional 2,971,661 shares during the period. GAMMA Investing LLC raised its stake in shares of ConocoPhillips by 10,440.1% during the 1st quarter. GAMMA Investing LLC now owns 2,964,189 shares of the energy producer's stock valued at $311,299,000 after buying an additional 2,936,066 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of ConocoPhillips by 116.5% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 4,318,179 shares of the energy producer's stock worth $428,234,000 after buying an additional 2,324,080 shares during the last quarter. Finally, Capital International Investors grew its position in ConocoPhillips by 4.9% during the fourth quarter. Capital International Investors now owns 31,287,113 shares of the energy producer's stock valued at $3,101,989,000 after buying an additional 1,473,027 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

COP has been the topic of a number of research analyst reports. Citigroup lowered their price target on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, June 11th. Bank of America lowered their target price on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Barclays cut their price objective on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Roth Capital restated a "buy" rating and set a $108.00 target price on shares of ConocoPhillips in a report on Thursday. Finally, Raymond James Financial increased their price target on ConocoPhillips from $109.00 to $117.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.63.

Insider Buying and Selling

In related news, EVP Kirk L. Johnson bought 5,300 shares of the company's stock in a transaction on Monday, June 16th. The stock was bought at an average cost of $94.24 per share, with a total value of $499,472.00. Following the completion of the acquisition, the executive vice president owned 14,527 shares in the company, valued at approximately $1,369,024.48. This represents a 57.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.24% of the company's stock.

ConocoPhillips Stock Up 1.4%

NYSE:COP traded up $1.31 during midday trading on Friday, hitting $93.91. 8,764,610 shares of the company were exchanged, compared to its average volume of 6,026,880. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $116.08. The company has a market capitalization of $118.72 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 2.41 and a beta of 0.67. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $92.77 and a 200 day simple moving average of $93.73.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.06. The firm had revenue of $14.94 billion during the quarter, compared to analysts' expectations of $14.39 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%. The business's revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.98 EPS. As a group, equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a yield of 3.3%. ConocoPhillips's payout ratio is currently 39.64%.

ConocoPhillips 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.