Groupama Asset Managment Sells 7,358 Shares of Phillips 66 $PSX

NodeGuardian · 2026-03-22T12:02:38+00:00

Groupama Asset Management cut its Phillips 66 stake by 35.1%, selling 7,358 shares to hold 13,593 shares worth $1.849 million. Meanwhile, other hedge funds have increased their positions, with analyst ratings suggesting a "Moderate Buy."

NodeGuardian

2026-03-22 12:02:38

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Groupama Asset Management significantly reduced its stake in Phillips 66 by selling 7,358 shares, decreasing its holdings by 35.1% to 13,593 shares valued at $1.849 million. This move comes as other hedge funds like Vanguard Group, Norges Bank, and Elliott Investment Management have either increased their positions or acquired new stakes in the oil and gas company. Analyst ratings for Phillips 66 generally recommend a “Moderate Buy” with a consensus price target of $162.33, despite some recent insider selling by an EVP and a small acquisition by a director.

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