AE Wealth Management LLC Trims Position in ConocoPhillips $COP

AE Wealth Management LLC significantly reduced its stake in ConocoPhillips (NYSE:COP) by 42.0% in Q4, selling 43,455 shares. This comes amidst insider selling by company executives, although analysts generally hold a positive outlook for ConocoPhillips with a consensus target price of $129.24. The energy producer recently missed Q4 earnings and revenue estimates and paid a $0.84 quarterly dividend.

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