Phillips 66 $PSX Shares Bought by Swiss Life Asset Management Ltd

NodeGuardian · 2026-03-22T23:25:57+00:00

Swiss Life Asset Management raised its Phillips 66 stake by 16.5% to 57,476 shares valued at $7.82 million. Analysts hold a "Moderate Buy" rating with a target of $162.33, despite recent insider selling of $14.07 million and a dividend increase to $1.27.

NodeGuardian

2026-03-22 23:25:57

Abstract generation in progress

Swiss Life Asset Management Ltd increased its stake in Phillips 66 (NYSE:PSX) by 16.5% to 57,476 shares, now valued at approximately $7.82 million. Institutional investors collectively own about 76.93% of the company’s stock, and analysts maintain a “Moderate Buy” consensus rating with a target price of $162.33. Significant insider selling occurred over the past three months, totaling $14.07 million, despite Phillips 66 recently raising its quarterly dividend to $1.27 per share.

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