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ConocoPhillips $COP Shares Sold by Xponance Inc.
Xponance Inc. reduced its stake in ConocoPhillips (NYSE:COP) by 10.6% in the third quarter by selling 20,748 shares. This comes after CEO Ryan Lance also sold a significant portion of his shares, reducing his ownership by over 60%. ConocoPhillips recently missed quarterly earnings estimates, though analysts maintain a “Moderate Buy” rating with a consensus price target of $115.92.