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37,275 Shares in Phillips 66 $PSX Bought by Ticino Wealth
Ticino Wealth recently acquired 37,275 shares of Phillips 66 (NYSE:PSX) for approximately $4.81 million, making it their 13th largest holding and about 1.8% of their portfolio. Phillips 66 reported fourth-quarter earnings exceeding estimates but revenue that fell short, and declared a quarterly dividend of $1.27. While insiders sold shares worth millions, institutional ownership stands at nearly 77%, and analysts generally maintain a “Hold” rating with an average target price around $180.72.