BTC Capital Management Inc. Invests $3.02 Million in Phillips 66 $PSX

robot
Abstract generation in progress

BTC Capital Management Inc. has acquired a new stake of 23,457 shares in Phillips 66 (NYSE:PSX) during Q4, valued at approximately $3.02 million. This comes as Phillips 66’s stock has a “Moderate Buy” consensus rating from Wall Street analysts with a target price of $166.11, and the company recently increased its quarterly dividend to $1.27 per share. Despite some insider selling, institutional investors and hedge funds now own 76.93% of the company’s stock.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin