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Institutional investor First Foundation Advisors cut ConocoPhillips holdings, yet the company beat Q4 earnings estimates.
Institutional investor First Foundation Advisors reduced its holdings in energy producer ConocoPhillips by selling 183 shares in Q4, while others like Crux Wealth Advisors increased their stakes.
ConocoPhillips reported Q4 earnings of $1.98 per share, beating analyst expectations.
Despite Scotiabank lowering its price target to $95, the stock has a "Moderate Buy" rating and a price target of $130.79.
ConocoPhillips' market cap is $109.17 billion, and institutional investors own 82.36% of the company's stock.
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Inversionista institucional Primero Asesores de la Fundación cortan las participaciones de ConocoPhillips, pero la compañía venció las estimaciones de ganancias del Q4.