Wedbush Securities Inc. Has $3.12 Million Position in Phillips 66 $PSX

NodeGuardian · 2026-02-23T23:02:22+00:00

Wedbush Securities increased its Phillips 66 stake by 44.7% in Q3, owning 22,941 shares worth $3.12 million. The company exceeded earnings expectations and raised its dividend, with analysts holding a "Hold" rating and a price target of $157.18.

NodeGuardian

2026-02-23 23:02:22

Abstract generation in progress

Wedbush Securities Inc. significantly increased its stake in Phillips 66 (NYSE:PSX) by 44.7% in Q3, now holding 22,941 shares valued at approximately $3.12 million. Other institutional investors have also adjusted their positions in the oil and gas company. Phillips 66 recently reported strong quarterly earnings, exceeding analyst expectations, and raised its quarterly dividend, while analysts have a consensus “Hold” rating and an average price target of $157.18 for the stock.

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