Close Menu
Insurance Journal – Property Casualty Insurance News

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Lawyer Urges MBK Partners to Repay Debts to Home Plus Bond Investors

    July 11, 2025

    Marsh LLC: Stability and Strategy in Uncertain Times

    July 11, 2025

    Pocatello Insurance Firm Lauded for Second Year as Top 50 Performer

    July 11, 2025
    Facebook X (Twitter) Instagram
    Insurance Journal – Property Casualty Insurance NewsInsurance Journal – Property Casualty Insurance News
    Facebook X (Twitter) Instagram
    SUBSCRIBE
    • Home
    • Business Insurance
    • Identity Protection
    • Life Insurance
    • Pets Insurance
    • Property Insurance
    • Vevehicle Insurance
    Insurance Journal – Property Casualty Insurance News
    Home ยป The Manufacturers Life Insurance Company Boosts Stake in Phillips 66 (NYSE:PSX)
    Life Insurance

    The Manufacturers Life Insurance Company Boosts Stake in Phillips 66 (NYSE:PSX)

    insurancejournalnewsBy insurancejournalnewsMay 4, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email

    The Manufacturers Life Insurance Company increased its holdings in Phillips 66 (NYSE:PSX) by 1.5% during the fourth quarter, according to its latest Form 13F filing with the SEC. The company now owns 315,817 shares of Phillips 66 stock, valued at $35,981,000, representing 0.08% of the oil and gas company’s outstanding shares.

    Other institutional investors have also adjusted their Phillips 66 holdings. Bank of New York Mellon Corp increased its stake by 7.3%, now owning 9,344,342 shares worth $1,064,601,000. Geode Capital Management LLC raised its holdings by 1.0%, owning 8,530,242 shares valued at $968,844,000. Price T Rowe Associates Inc. MD significantly boosted its stake by 283.5%, now holding 6,026,649 shares worth $686,618,000. Norges Bank established a new position in Phillips 66 worth $497,648,000, while Invesco Ltd. increased its position by 9.2%, owning 4,112,618 shares valued at $468,551,000.

    Institutional investors and hedge funds collectively own 76.93% of Phillips 66’s stock. The company’s stock opened at $103.51 on Friday, with a market capitalization of $42.17 billion. Phillips 66’s 50-day simple moving average is $113.83, and its 200-day simple moving average is $120.39. The stock has a quick ratio of 0.83, a current ratio of 1.21, and a debt-to-equity ratio of 0.62.

    Phillips 66 recently reported quarterly earnings of ($0.90) per share, missing analysts’ consensus estimates of $0.07 by ($0.97). The company had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 also declared a quarterly dividend of $1.20, payable on June 2nd to stockholders of record on May 19th.

    Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)
    Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

    Analysts have varied opinions on Phillips 66. Scotiabank reduced its price target from $136.00 to $133.00, maintaining a ‘sector outperform’ rating. TD Cowen lowered its target price from $127.00 to $114.00, keeping a ‘buy’ rating. The company currently has an average rating of ‘Moderate Buy’ and an average price target of $136.36 among analysts.

    institutional investors NYSE:PSX Phillips 66 stock holdings
    insurancejournalnews
    • Website

    Related Posts

    Lawyer Urges MBK Partners to Repay Debts to Home Plus Bond Investors

    July 11, 2025

    Marsh LLC: Stability and Strategy in Uncertain Times

    July 11, 2025

    Pocatello Insurance Firm Lauded for Second Year as Top 50 Performer

    July 11, 2025
    Leave A Reply Cancel Reply

    Don't Miss

    Lawyer Urges MBK Partners to Repay Debts to Home Plus Bond Investors

    By insurancejournalnewsJuly 11, 20250

    A lawyer representing investors suing MBK Partners over losses related to Home Plus asset-backed bonds has called on the financial firm to repay debts to those who purchased the bonds.

    Marsh LLC: Stability and Strategy in Uncertain Times

    July 11, 2025

    Pocatello Insurance Firm Lauded for Second Year as Top 50 Performer

    July 11, 2025

    When to Consider Supplemental Life Insurance: Expert Advice

    July 11, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Our Picks

    Lawyer Urges MBK Partners to Repay Debts to Home Plus Bond Investors

    July 11, 2025

    Marsh LLC: Stability and Strategy in Uncertain Times

    July 11, 2025

    Pocatello Insurance Firm Lauded for Second Year as Top 50 Performer

    July 11, 2025

    When to Consider Supplemental Life Insurance: Expert Advice

    July 11, 2025

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    New

    Montana Eyes Workers’ Comp for First Responders with PTSD

    February 24, 2025

    Best Home and Auto Insurance Deals for Veterans

    February 24, 2025

    Pennsylvania Insurance Department: Protecting Consumers and Regulating the Insurance Market

    February 24, 2025
    Categories
    • Business Insurance (1,831)
    • Identity Protection (539)
    • Life Insurance (1,740)
    • New (5,653)
    • Pets Insurance (520)
    • Property Insurance (996)
    • Vevehicle Insurance (471)

    Lawyer Urges MBK Partners to Repay Debts to Home Plus Bond Investors

    By insurancejournalnewsJuly 11, 20250
    Facebook X (Twitter) Instagram Pinterest
    © 2025 Insurance Journal News. Designed by Insurance Journal New.

    Type above and press Enter to search. Press Esc to cancel.