Phillips 66 (NYSE:PSX) CFO Sells $2,835,516.32 in Stock

Phillips 66 (NYSE:PSX) CFO Kevin Mitchell sold 16,856 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $168.22, for a total value of $2,835,516.32. Following the sale, the chief financial officer directly owned 97,376 shares in the company, valued at $16,380,590.72. This trade represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Phillips 66 Stock Performance

Phillips 66 stock traded down $0.50 during midday trading on Friday, reaching $165.94. 3,480,695 shares of the company traded hands, compared to its average volume of 2,682,323. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 0.91. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $169.62. The firm has a market capitalization of $66.50 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 0.58 and a beta of 0.86. The business has a 50 day moving average of $146.77 and a two-hundred day moving average of $138.28.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.32. The company had revenue of $32.16 billion during the quarter, compared to analysts’ expectations of $33.81 billion. Phillips 66 had a return on equity of 9.13% and a net margin of 3.22%.During the same quarter in the prior year, the business earned ($0.15) earnings per share. As a group, research analysts predict that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were paid a dividend of $1.27 per share. This is a boost from Phillips 66’s previous quarterly dividend of $1.20. The ex-dividend date was Monday, February 23rd. This represents a $5.08 dividend on an annualized basis and a dividend yield of 3.1%. Phillips 66’s dividend payout ratio is presently 46.95%.

Analysts Set New Price Targets

Several research firms have recently issued reports on PSX. Jefferies Financial Group reiterated a “hold” rating and set a $158.00 price objective on shares of Phillips 66 in a research report on Friday, February 20th. Scotiabank restated a “sector perform” rating and set a $140.00 price target on shares of Phillips 66 in a report on Friday, January 16th. The Goldman Sachs Group increased their target price on Phillips 66 from $152.00 to $164.00 and gave the company a “neutral” rating in a research report on Thursday, January 22nd. Barclays set a $158.00 price target on shares of Phillips 66 in a research report on Friday, February 20th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $170.00 price target on shares of Phillips 66 in a research note on Friday, February 6th. Eleven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $160.11.

Key Phillips 66 News

Here are the key news stories impacting Phillips 66 this week:

• Positive Sentiment: Analysts have bumped up coverage and highlighted a higher quarterly dividend and improved valuation momentum, which helped lift investor interest in the stock. A Look At Phillips 66 (PSX) Valuation After Analyst Upgrades Dividend Hike And Venezuela Crude Moves
• Positive Sentiment: Rising global crude benchmarks and refinery-friendly price moves have benefited refiners broadly, supporting Phillips 66’s margin outlook and dividend coverage in the near term. Refining-focused coverage highlights the sector’s resilience to oil swings. Bad News for Drivers Is Good News for Oil Refiners
• Neutral Sentiment: The stock has gained since the last earnings report and recent commentary explains that momentum (earnings beat and trajectory) but notes ongoing volatility; this context helps explain recent investor rotation rather than a clear directional signal. Why Is Phillips 66 (PSX) Up 7.8% Since Last Earnings Report?
• Neutral Sentiment: Management is exploring higher use of heavy Venezuelan crude to secure feedstock; this could lower input costs but creates margin trade-offs (blending, logistics, and quality). The move is a strategic plus if executed, but it introduces execution and geopolitical risk. Phillips 66 Weighs Venezuelan Crude Sourcing Shift And Margin Trade Offs
• Negative Sentiment: Insider selling: CFO Kevin J. Mitchell disclosed two recent Form 4 sales (4,944 shares on Mar 4 at ~$165.03 and 16,856 shares on Mar 5 at ~$168.22, roughly $3.65M combined). Large insider sales can pressure sentiment short-term even if they reflect personal liquidity. SEC Form 4 — Kevin J. Mitchell

Institutional Trading of Phillips 66

Several hedge funds and other institutional investors have recently bought and sold shares of PSX. Elliott Investment Management L.P. boosted its position in shares of Phillips 66 by 22.4% in the 2nd quarter. Elliott Investment Management L.P. now owns 19,251,000 shares of the oil and gas company’s stock worth $2,296,644,000 after purchasing an additional 3,526,000 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Phillips 66 by 57.4% in the third quarter. Oppenheimer & Co. Inc. now owns 56,858 shares of the oil and gas company’s stock valued at $7,734,000 after buying an additional 20,742 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in Phillips 66 by 5.0% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 209,700 shares of the oil and gas company’s stock worth $28,523,000 after acquiring an additional 10,000 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Phillips 66 by 14.8% during the second quarter. Vanguard Group Inc. now owns 46,368,000 shares of the oil and gas company’s stock worth $5,531,702,000 after acquiring an additional 5,978,841 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Phillips 66 by 3.9% during the second quarter. California Public Employees Retirement System now owns 696,577 shares of the oil and gas company’s stock valued at $83,102,000 after acquiring an additional 26,238 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

About Phillips 66

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.