Munich Reinsurance Co Stock Corp in Munich Makes New Investment in Phillips 66 $PSX

Munich Reinsurance Co Stock Corp in Munich acquired a new stake in Phillips 66 (NYSE:PSX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 17,601 shares of the oil and gas company’s stock, valued at approximately $2,394,000.

Several other large investors have also modified their holdings of PSX. Angeles Wealth Management LLC grew its position in shares of Phillips 66 by 2.6% during the third quarter. Angeles Wealth Management LLC now owns 4,115 shares of the oil and gas company’s stock worth $560,000 after acquiring an additional 104 shares during the last quarter. Blair William & Co. IL raised its position in Phillips 66 by 7.8% in the 3rd quarter. Blair William & Co. IL now owns 217,372 shares of the oil and gas company’s stock valued at $29,567,000 after purchasing an additional 15,651 shares during the last quarter. Ramirez Asset Management Inc. raised its position in Phillips 66 by 10.8% in the 3rd quarter. Ramirez Asset Management Inc. now owns 25,002 shares of the oil and gas company’s stock valued at $3,401,000 after purchasing an additional 2,440 shares during the last quarter. Icon Advisers Inc. Co. acquired a new stake in Phillips 66 during the 3rd quarter worth $3,128,000. Finally, Aptus Capital Advisors LLC boosted its stake in Phillips 66 by 6.2% during the 3rd quarter. Aptus Capital Advisors LLC now owns 44,868 shares of the oil and gas company’s stock worth $6,103,000 after purchasing an additional 2,608 shares during the period. 76.93% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting 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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PSX shares. TD Cowen restated a “buy” rating on shares of Phillips 66 in a research note on Friday, February 6th. Scotiabank reiterated a “sector perform” rating and set a $140.00 target price on shares of Phillips 66 in a research note on Friday, January 16th. Morgan Stanley raised their price target on Phillips 66 from $140.00 to $147.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Zacks Research cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Finally, UBS Group reaffirmed a “buy” rating and set a $172.00 price objective on shares of Phillips 66 in a research note on Friday, February 6th. Eleven analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Phillips 66 currently has a consensus rating of “Hold” and an average price target of $160.11.

Phillips 66 Stock Performance

Shares of PSX opened at $165.94 on Friday. The stock has a market capitalization of $66.50 billion, a P/E ratio of 15.34, a P/E/G ratio of 0.58 and a beta of 0.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.91 and a current ratio of 1.30. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $169.62. The company’s fifty day moving average is $147.54 and its two-hundred day moving average is $138.69.

Phillips 66 (NYSE:PSX) last released its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, topping the consensus estimate 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 net margin of 3.22% and a return on equity of 9.13%. During the same quarter last year, the business earned ($0.15) EPS. On average, sell-side analysts predict that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were issued 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 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, February 23rd. Phillips 66’s dividend payout ratio is currently 46.95%.

Insider Activity at Phillips 66

In other news, CFO Kevin J. Mitchell sold 16,856 shares of the 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 completion of the transaction, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at approximately $16,380,590.72. This represents a 14.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,200,000.00. Following the transaction, the executive vice president directly owned 38,488 shares of the company’s stock, valued at approximately $6,158,080. This trade represents a 16.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 38,088 shares of company stock worth $6,147,655 over the last 90 days. Company insiders own 0.22% of the company’s stock.

Phillips 66 Company 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.