The Swiss National Bank reduced its holdings of ConocoPhillips (NYSE:COP) shares by 4.9% during the third quarter, selling 187,800 shares. Despite this sell-off, institutional investors collectively own 82.36% of the stock. ConocoPhillips recently reported Q4 earnings that missed analyst estimates and declared a quarterly dividend of $0.84.
ConocoPhillips $COP Shares Sold by Swiss National Bank
The Swiss National Bank reduced its holdings of ConocoPhillips (NYSE:COP) shares by 4.9% during the third quarter, selling 187,800 shares. Despite this sell-off, institutional investors collectively own 82.36% of the stock. ConocoPhillips recently reported Q4 earnings that missed analyst estimates and declared a quarterly dividend of $0.84.