Gf Fund Management 13F: Cuts Phillips 66 (PSX) Stake by $3.3M

On October 26, 2026, Gf Fund Management cut its position in Phillips 66 (NYSE: PSX) by 12,952 shares, reducing its total holdings to 18,946 shares. This change was reported in the fund's latest Form 13F filing with the SEC. The value of the reduced position is approximately $4.8 million.

PSX Phillips 66

$283.18 ▲ +121.42% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Where Phillips 66 Fits in Gf Fund Management's Portfolio

Gf Fund Management's stake in Phillips 66 now represents 0.11% of its total reported portfolio, ranking 41 out of 616 positions.

Other Institutional Activity in Phillips 66

Several other institutional investors have also made moves in Phillips 66. IFM Investors increased its holdings by 17,400 shares, bringing its total to 89,328 shares valued at about $22.8 million. Conversely, Curated Wealth Partners sold 964,520 shares, reducing its position significantly to 6,456 shares worth approximately $1.6 million. Amanah Holdings Trust opened a new position by acquiring 573,065 shares valued at roughly $146.3 million.

Phillips 66 Stock Up 2.0%

As of October 27, 2026, Phillips 66 shares recently traded around $288.85, which is about 2% above its event closing price of $283.18 on October 23, 2026. The stock is currently trading above its 50-day moving average by 10% and its 200-day moving average by nearly 48%.

Recent Earnings

Phillips 66 reported trailing twelve-month revenue of approximately $152.2 billion, with a net margin of 4.7%. The next earnings report is scheduled for October 28, 2026.

Dividend

Phillips 66 pays an annual dividend of $5.32 per share, yielding about 1.88%. The payout ratio stands at 28.2%.

Insider Buying and Selling at Phillips 66

Before the recent filing, several insiders sold shares of Phillips 66. Director Lisa Ann Davis sold 1,515 shares on August 10, 2026, while Officer Brian Mandell sold 33,300 shares on August 11, 2026. Another Officer, Richard G. Harbison, sold 52,100 shares on August 12, 2026.

Analysts Set New Price Targets

On October 12, 2026, Barclays maintained its Equal-Weight rating on Phillips 66 with a target of $282.00, up from a prior target of $216.00. Wells Fargo also maintained its Overweight rating, raising its target to $345.00 from $335.00 on October 14, 2026. The consensus rating on Phillips 66 is currently a Buy, with a mean price target of $285.74 from 19 analyst opinions.

About Phillips 66

Phillips 66 operates as an integrated downstream energy provider, focusing on refining, marketing, and chemicals. The company has a broad international presence, operating in the U.S., U.K., Germany, and beyond. This position cut by Gf Fund Management reflects a strategic shift as the energy sector continues to evolve.

Bottom Line

Investors should keep an eye on Phillips 66's upcoming earnings report on October 28, 2026, for further insights into its performance. Gf Fund Management's recent filing shows a significant reduction in their stake, suggesting a potential reevaluation of their investment strategy.