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Truist Financial Corp Boosts Holdings in Phillips 66 $PSX
Truist Financial Corp increased its stake in Phillips 66 (NYSE:PSX) by 1.6% in Q4, acquiring 10,585 additional shares to bring its total holding to 675,084 shares valued at $87.11 million. This increase makes Truist Financial Corp’s stake approximately 0.17% of Phillips 66. The oil and gas company recently reported Q1 EPS of $0.49, significantly beating the consensus estimate of -$0.54, while its revenue grew 6.9% year-over-year to $32.54 billion.