Curated Wealth Partners 13F: Cuts PSX Stake by $246M

Curated Wealth Partners made a sharp reduction in its holdings of Phillips 66 (NYSE:PSX), according to a Form 13F filing with the SEC filed on October 15, 2026. Because 13F filings look backward at a prior quarter, these numbers reflect the fund's holdings at that time and may not match its current position today.

What Changed in Curated Wealth Partners's Phillips 66 Position

During the period, Curated Wealth Partners trimmed its stake in Phillips 66 by 99.3%, selling off 964,520 shares. The fund was left holding just 6,456 shares, with a reported value of about $1.6 million. That is a steep drop from its previous position of 970,976 shares.

Other Institutional Activity in Phillips 66

Other major institutional investors adjusted their positions with far less dramatic moves during the same reporting window. Blackrock Inc. grew its holdings by 2,088,020 shares, ending with 34,112,861 shares worth about $10.0 billion following a 6.5% increase. Vanguard Capital Management LLC added 75,712 shares for a 0.3% boost, bringing its total to 26,183,335 shares valued at about $7.7 billion. State Street Corporation lifted its stake by 270,628 shares, or 1.1%, ending with 26,044,694 shares worth approximately $7.6 billion. Vanguard Portfolio Management LLC grew its holdings by 112,718 shares, a 0.5% increase to 22,214,319 shares valued at about $6.5 billion. Meanwhile, Elliott Investment Management L.P. kept its position steady at 19,251,000 shares worth about $5.6 billion, showing no change in its share count.

Phillips 66 Stock Up 0.5%

Phillips 66 shares recently traded around $290.69 as of October 16, 2026. The stock sits about 14.4% above its 50-day moving average of $253.99 and roughly 52.3% above its 200-day moving average of $190.85. Over the past year, the energy company has seen its shares move between a low of $126.92 and a high of $297.42.

Recent Earnings

Phillips 66 reported trailing twelve-month revenue of $152.2 billion alongside trailing earnings of $17.50 per share. The company posted a net profit margin of 4.7% and a return on equity of 23.5%. Its next corporate earnings update is scheduled for October 28, 2026.

Dividend

Phillips 66 pays an annual dividend of $5.08 per share, which works out to a dividend yield of 1.76% based on recent trading levels. The company's payout ratio stands at 28.2%, meaning it uses a modest share of its earnings to cover the payout.

Insider Buying and Selling at Phillips 66

Company insiders also made transactions ahead of the filing. On August 10, 2026, Director Lisa Ann Davis sold 1,515 shares for a total value of $314,713. Officer Brian Mandell sold 33,300 shares on August 11, 2026, valued at about $7.2 million. On August 12, 2026, Officer Richard G Harbison sold 52,100 shares at an average price of $223.76, totaling roughly $11.7 million. Later, on September 16, 2026, Brian Mandell sold an additional 23,400 shares at $265.06 per share, bringing in about $6.2 million. None of these transactions were reported as part of a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Wall Street analysts have updated their outlooks on the stock through October. On October 8, 2026, Mizuho downgraded the stock to a Neutral rating while raising its price target to $300.00 from $220.00. Barclays maintained an Equal-Weight rating on October 12, 2026, lifting its target to $282.00 from $216.00. On the same day, Evercore ISI Group kept an Outperform rating and bumped its target to $250.00 from $220.00. Citigroup maintained a Neutral rating on October 13, 2026, and raised its target to $297.00 from $217.00. Wells Fargo kept an Overweight rating on October 14, 2026, nudging its target up to $345.00 from $335.00. Overall, the stock carries a consensus buy recommendation from 19 analysts, with a mean price target of $276.84.

About Phillips 66

Phillips 66 operates as an integrated downstream energy company, turning crude oil and other feedstocks into fuels and petrochemicals. Headquartered in Houston, Texas, the business spans refining, midstream pipelines, chemicals, and renewable fuels. Institutional shifts like Curated Wealth Partners' large reduction highlight how individual portfolio managers adjust their exposure to traditional energy providers.

Bottom Line

Investors will likely watch Phillips 66 closely as its October 28 earnings date approaches to see if operational results match up with recent analyst expectations. Because 13F reports look backward, this filing captures past portfolio adjustments rather than live trading activity. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.