Institutional Investors Are Bullish on Phillips 66 Partners
Top holders buy PSXP
Of the top ten largest institutional owners of Philips 66 Partners’ (PSXP) stock, nine increased their holdings in PSXP according to their latest filings.
Phillips 66, Tortoise Capital Advisors, and Morgan Stanley Investment Management, the partnership’s top three institutional holders, bought 3.9 million, 1.4 million, and 1.4 million PSXP shares, respectively, according to their latest filings.
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The above table shows the changes in ownership for the ten largest institutional owners of Phillips 66 Partners stock. Only one of the top ten institutional owners—Goldman Sachs Asset Management—reduced its PSXP holdings recently.
In total, the top ten holders bought 8.1 million PSXP shares and sold 0.7 million shares. These changes indicate a positive institutional investor sentiment toward PSXP.