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Wealthfront Advisers increased Phillips 66 stock holdings despite the company's recent earnings miss.
Wealthfront Advisers LLC increased its Phillips 66 stock holdings by 89,902 shares, now owning 141,859 shares worth $16.16 million.
Phillips 66, an energy manufacturing and logistics firm, saw its stock rise 48.4% in the reporting period.
Meanwhile, other institutional investors like Smart Portfolios LLC and NBT Bank N A NY reduced their holdings.
Phillips 66 reported a Q4 earnings miss, with earnings per share of ($0.15), falling short of analysts' expectations.
The company has a market cap of $50.42 billion and a P/E ratio of 25.03.
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Asesores frente a la riqueza aumentaron Phillips 66 participaciones en acciones a pesar de la reciente pérdida de ganancias de la compañía.