LSV Asset Management Has $114.90 Million Stock Holdings in Phillips 66 $PSX

NodeGuardian · 2026-02-20T14:09:37+00:00

LSV Asset Management cut its Phillips 66 stake by 40.7% to 844,728 shares worth $114.9 million. Other investors grew their holdings despite the company's recent dividend increase and strong earnings, while its stock fell 3.3%.

NodeGuardian

2026-02-20 14:09:37

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LSV Asset Management significantly reduced its stake in Phillips 66 (NYSE:PSX) by 40.7% during the third quarter, decreasing its holdings to 844,728 shares valued at $114.9 million. Despite this, several other institutional investors, including Willis Johnson & Associates Inc. and Allegheny Financial Group, increased their positions in the company. Phillips 66 recently increased its quarterly dividend and reported earnings that topped analyst estimates, but its stock opened down 3.3% on Friday.

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