Phillips 66 sees mixed institutional moves as investors trim and add stakes

During the fourth quarter, several institutional investors adjusted their holdings in Phillips 66. Corient Private Wealth LLC reduced its stake by 5.2%, ending the period with 724,532 shares valued at about $93.5 million. CFO Capital Management LLC opened a new position of 3,125 shares worth roughly $403,000. Other funds that increased their positions include Vanguard Group, State Street Corp, Geode Capital Management, Norges Bank and Charles Schwab Investment Management. Smaller investors such as Clifford Group, Cyber Hornet ETFs, GHP Investment Advisors, Johnson Financial Group and L2 Asset Management also reported modest changes. Insider activity showed director Kevin Omar Meyer buying 175 shares for $30,300, while CFO Kevin J. Mitchell sold 600 shares for $102,900. Phillips 66 reported fourth‑quarter earnings of $0.49 per share, beating analysts' expectations, on revenue of $32.54 billion, a 6.9% year‑over‑year increase. The company’s market capitalisation stands at $66.6 billion.