Amanah Holdings Trust 13F: New $146M Stake in Phillips 66 (PSX)

Amanah Holdings Trust opened a new position in Phillips 66 PSX, buying 573,065 shares worth about $146.3 million according to a Form 13F filing on October 23, 2026. The regulatory filing provides a look at institutional portfolio adjustments for the period.

PSX Phillips 66

$283.18 ▲ +121.42% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Amanah Holdings Trust's Phillips 66 Position

The trust built a brand-new stake in the energy company during the period, picking up 573,065 shares valued at $146,309,225. Phillips 66 shares closed at $283.18 on the filing date.

Other Institutional Activity in Phillips 66

Other large investors adjusted their holdings in the stock around the same time. Curated Wealth Partners trimmed its holdings by 964,520 shares, ending with 6,456 shares worth about $1,648,283. PensionDanmark Pensionsforsikringsaktieselskab grew its holdings by 17,956 shares, ending with 104,185 shares worth about $26,599,472. IFM Investors grew its holdings by 17,400 shares, ending with 89,328 shares worth about $22,806,332. Elliott Investment Management L.P. kept its stake steady, holding 19,251,000 shares worth about $5,451,498,039. Wells Fargo & Company reduced its holdings by 1,308,468 shares, ending with 12,479,393 shares worth about $3,533,914,418.

Phillips 66 Stock Down 1.7%

The stock recently traded around $285.24 on October 24, 2026, sitting up about 0.7% since the filing. The shares have traded between a 52-week low of $127.16 and a high of $299.39.

Recent Earnings

Phillips 66 posted trailing twelve month revenue of $152,167,006,208 and trailing twelve month earnings per share of $17.50. The company reported a net profit margin of 4.7% and a return on equity of 23.5%. Investors look toward the next earnings update scheduled for October 28, 2026.

Dividend

The company pays an annual dividend rate of $5.32 per share, giving it a dividend yield of 1.87% based on recent pricing. The payout uses 28.2% of earnings.

Insider Buying and Selling at Phillips 66

Company insiders executed several stock sales prior to the filing. Lisa Ann Davis sold 1,515 shares valued at $314,713 on August 10, 2026. Brian Mandell sold 33,300 shares valued at $7,156,266 on August 11, 2026. Richard G Harbison sold 52,100 shares at $223.76 per share for a total of $11,658,120 on August 12, 2026. Brian Mandell later sold 23,400 shares at $265.06 per share for a total of $6,202,381 on September 16, 2026.

Analysts Set New Price Targets

Wall Street firms updated their views on the equity ahead of the filing. Barclays maintained its Equal-Weight rating and lifted its target from $216.00 to $282.00 on October 12, 2026. Evercore ISI Group maintained its Outperform rating and raised its target from $220.00 to $250.00 on October 12, 2026. Citigroup maintained its Neutral rating and adjusted its target from $217.00 to $297.00 on October 13, 2026. Wells Fargo maintained its Overweight rating and bumped its target from $335.00 to $345.00 on October 14, 2026. TD Cowen maintained its Buy rating and increased its target from $295.00 to $308.00 on October 22, 2026. Overall, analysts maintain a buy recommendation with 19 opinions tracked on the stock.

About Phillips 66

Headquartered in Houston, Texas, Phillips 66 operates as an integrated downstream energy provider. The company refines, transports, and markets petroleum products globally through midstream, chemicals, refining, marketing, and renewable fuels operations. Institutional interest in the firm comes as energy markets navigate shifting supply and demand dynamics.

Bottom Line

Investors will monitor the upcoming earnings report on October 28, 2026, for fresh updates on financial performance. Future Form 13F filings will show whether Amanah Holdings Trust maintains its new commitment to the energy company.