Icon Advisers Inc. Co. Makes New $3.13 Million Investment in Phillips 66 $PSX

Icon Advisers Inc. Co. bought a new stake in shares of Phillips 66 (NYSE:PSX) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 23,000 shares of the oil and gas company’s stock, valued at approximately $3,128,000.

Other hedge funds also recently modified their holdings of the company. Evolution Wealth Management Inc. acquired a new stake in Phillips 66 during the 2nd quarter worth $25,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Phillips 66 in the 2nd quarter valued at $32,000. Winnow Wealth LLC acquired a new position in shares of Phillips 66 in the 3rd quarter valued at $36,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Phillips 66 in the 2nd quarter worth $38,000. Finally, Operose Advisors LLC boosted its position in shares of Phillips 66 by 260.4% in the 2nd quarter. Operose Advisors LLC now owns 346 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Insider Activity

In related news, EVP Don Baldridge sold 7,500 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $160.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the executive vice president directly owned 38,488 shares of the company’s stock, valued at approximately $6,158,080. This represents a 16.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin J. Mitchell sold 16,856 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $168.22, for a total transaction of $2,835,516.32. Following the sale, the chief financial officer 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 38,088 shares of company stock worth $6,147,655 in the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Phillips 66 Stock Performance

Shares of Phillips 66 stock opened at $165.94 on Friday. The company has a market capitalization of $66.50 billion, a PE ratio of 15.34, a PEG ratio of 0.58 and a beta of 0.86. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $169.62. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 0.62. The stock’s fifty day simple moving average is $147.54 and its 200 day simple moving average is $138.57.

Phillips 66 (NYSE:PSX) last posted its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.32. Phillips 66 had a return on equity of 9.13% and a net margin of 3.22%.The firm had revenue of $32.16 billion for the quarter, compared to analyst estimates of $33.81 billion. During the same period in the previous year, the company posted ($0.15) earnings per share. On average, research analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

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

Trending Headlines about Phillips 66

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

Analyst Ratings Changes

PSX has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on Phillips 66 from $140.00 to $147.00 and gave the company an “equal weight” rating in a report on Thursday, February 5th. The Goldman Sachs Group raised their target price on Phillips 66 from $152.00 to $164.00 and gave the stock a “neutral” rating in a report on Thursday, January 22nd. Argus boosted their target price on Phillips 66 from $152.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Weiss Ratings raised Phillips 66 from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Finally, Barclays set a $158.00 price target on shares of Phillips 66 in a research report on Friday, February 20th. Eleven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $160.11.

Phillips 66 Profile

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.