Where Do Institutional Holdings in Phillips 66 Stand?



Institutional holdings in Phillips 66

Institutional holdings in Phillips 66 (PSX) currently stand at ~69%. The level of these holdings suggests the confidence level or sentiment that sophisticated market participants like institutions have in a stock. Usually, with all else being equal, higher institutional holdings indicate a favorable opinion toward a stock.

Article continues below advertisement

Peer institutional holdings

By comparison, refiners Valero Energy (VLO), Marathon Petroleum (MPC), and Delek US Holdings (DK) have total institutional holdings of ~80%, ~80%, and ~91%.

If you are looking for exposure to global energy stocks, you can always consider ETFs like the Vanguard FTSE All-World ex-US Fund (VEU).


More From Market Realist