APR 24·MarketBeat→
Phillips 66 $PSX Shares Sold by OLD National Bancorp IN
OLD National Bancorp IN reduced its stake in Phillips 66 (NYSE:PSX) by 17.6% during the fourth quarter, selling 8,063 shares and holding 37,769 shares valued at $4.87 million. Despite this, other institutional investors increased their holdings, and Phillips 66 is set to benefit from projects like the Western Gateway pipeline and rising crack spreads, though it faces scrutiny over a Jones Act waiver and recent insider share sales. The company also announced a quarterly dividend of $1.27 per share.
APR 11·Simply Wall Street▲
Is Analyst Support and Insider Buying Quietly Reframing Old National Bancorp’s (ONB) Risk-Reward Profile?
Old National Bancorp (ONB) is gaining attention due to renewed analyst confidence and increased insider holdings through its Employee Stock Purchase Plan. Despite a positive outlook, the bank still faces significant commercial real estate exposure, demanding careful evaluation of its risk-reward profile. The article emphasizes that while external and internal factors are shaping ONB's current profile, investors should consider both its potential for growth and existing risks.
