Royal Fund Management LLC trimmed its position in shares of Phillips 66 (NYSE:PSX – Free Report) by 14.1% during the 1st quarter, HoldingsChannel reports. Royal Fund Management LLC’s holdings in Phillips 66 were worth $8,439,000 at the end of the most recent quarter. Get Phillips 66 alerts:More Phillips 66 NewsHere are the key news stories impacting Phillips 66 this week:Positive Sentiment: Energy-sector momentum: Energy stocks rallied late Wednesday, with the NYSE Energy Sector Index rising 2.3%, providing a favorable backdrop for refiners such as Phillips 66. Phillips 66 has also benefited from better recent results, shareholder returns and a quarterly dividend of $1.27, or $5.08 annualized. Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.