Which Institutions Bought or Sold Phillips 66 Stock?


Dec. 4 2020, Updated 10:43 a.m. ET

Institutional holdings in Phillips 66

In the previous part, we discussed Phillips 66’s (PSX) dividend yield trend, which has risen to 3.3%. In this part, we’ll see which institutions bought or sold Phillips 66 stock in the fourth quarter based on the latest 13F filings.

The institutional holdings in Phillips 66 stock stand at ~72%. The level suggests the confidence level or sentiment that sophisticated market participants have in the stock. Usually, everything else being equal, higher institutional holdings indicate a favorable opinion about a stock.

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Changes in institutional holdings

In the fourth quarter, the Vanguard Group and Barrow, Hanley, Mewhinney & Strauss raised their holdings in Phillips 66. However, State Street Global Advisors and BlackRock Institutional Trust Company lowered their holdings in Phillips 66 in the fourth quarter. These are the top four institutional holders of Phillips 66 stock.

Berkshire Hathaway and Fidelity Management and Research lowered their holdings in Phillips 66 stock in the fourth quarter. However, Wells Fargo Advisors, Geode Capital Management, and Mellon Investments increased their holdings in Phillips 66 stock in the fourth quarter.

If we consider share changes using filing dates over the past six months, then the Vanguard Group is the largest buyer of Phillips 66 stock. However, Berkshire Hathaway is the largest seller of the stock during the stated period.

Peers’ institutional holdings

The institutional holdings in Phillips 66 are the lowest compared to its peers. The institutional holdings in Marathon Petroleum (MPC), HollyFrontier (HFC), and Valero Energy (VLO) stand at ~79%, ~90%, and ~81%, respectively.

Next, we’ll discuss the changes in Phillips 66’s short interest.


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