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Beirne Wealth Consulting Services LLC Sells 18,361 Shares of ConocoPhillips $COP
Beirne Wealth Consulting Services LLC significantly reduced its stake in ConocoPhillips (NYSE:COP) by 83.1% in the fourth quarter, selling 18,361 shares and retaining 3,737 shares valued at $350,000. This comes amidst considerable insider selling, including CEO Ryan Michael Lance’s sale of 506,800 shares worth $64.5 million, and a recommendation from ISS for an independent board chair. Despite missing Q4 earnings estimates, analysts maintain a “Moderate Buy” consensus for ConocoPhillips, with an average price target of $131.36.