US Bancorp DE Sells 9,015 Shares of Phillips 66 $PSX

NodeGuardian · 2026-03-05T21:40:21+00:00

US Bancorp DE decreased its Phillips 66 stake by 3.7%, retaining 237,561 shares worth $32.31 million. Other investors like Vanguard increased their holdings, resulting in 76.93% institutional ownership. Phillips 66 posted strong earnings of $2.47 per share and raised its dividend to $1.27.

NodeGuardian

2026-03-05 21:40:21

Abstract generation in progress

US Bancorp DE reduced its stake in Phillips 66 by 3.7%, selling 9,015 shares, but still holds 237,561 shares valued at $32.31 million. Other institutional investors like Vanguard Group Inc. significantly increased their holdings, with institutional ownership reaching 76.93%. Phillips 66 reported strong earnings per share of $2.47, exceeding estimates, and raised its quarterly dividend to $1.27 per share.

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