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ConocoPhillips $COP Shares Sold by Patten & Patten Inc. TN
Patten & Patten Inc. TN reduced its stake in ConocoPhillips (NYSE:COP) by 5.2% during the fourth quarter, selling 9,623 shares and maintaining 176,348 shares valued at $16.5 million. ConocoPhillips recently surpassed quarterly earnings expectations with an EPS of $1.89 and revenue of $15.76 billion, and declared a quarterly dividend of $0.84 per share. Various institutional investors have also adjusted their holdings, while analysts maintain a “Moderate Buy” rating with a consensus target price of $133.04.