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Todd Asset Management LLC Sells 8,879 Shares of Phillips 66 $PSX
Todd Asset Management LLC reduced its stake in Phillips 66 (NYSE:PSX) by 4.1% in the third quarter, selling 8,879 shares and retaining 205,121 shares worth approximately $27.9 million. This move comes as other institutional investors have either increased or slightly decreased their holdings in the company. Phillips 66 recently reported strong earnings, topping consensus estimates, and announced an increased quarterly dividend of $1.27 per share.