Phillips 66 $PSX Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in shares of Phillips 66 (NYSE:PSX) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,226 shares of the oil and gas company’s stock after buying an additional 14,038 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Phillips 66 were worth $20,575,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Phillips 66 by 11.6% during the 3rd quarter. Vanguard Group Inc. now owns 51,724,558 shares of the oil and gas company’s stock worth $7,035,574,000 after acquiring an additional 5,356,558 shares during the period. Elliott Investment Management L.P. increased its holdings in shares of Phillips 66 by 22.4% in the second quarter. Elliott Investment Management L.P. now owns 19,251,000 shares of the oil and gas company’s stock valued at $2,296,644,000 after purchasing an additional 3,526,000 shares during the period. Norges Bank acquired a new position in shares of Phillips 66 in the second quarter valued at about $523,755,000. Amundi raised its stake in shares of Phillips 66 by 2.8% in the third quarter. Amundi now owns 2,400,180 shares of the oil and gas company’s stock worth $319,123,000 after purchasing an additional 65,568 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Phillips 66 by 1.5% during the third quarter. Legal & General Group Plc now owns 2,276,036 shares of the oil and gas company’s stock worth $309,586,000 after purchasing an additional 33,397 shares during the period. 76.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PSX has been the topic of a number of recent research reports. Mizuho upped their target price on Phillips 66 from $152.00 to $170.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Zacks Research cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Wolfe Research upped their price objective on shares of Phillips 66 from $159.00 to $164.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Morgan Stanley increased their price objective on shares of Phillips 66 from $140.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Phillips 66 from $154.00 to $151.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.00.

Insider Buying and Selling

In other Phillips 66 news, EVP Brian Mandell sold 42,800 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $169.53, for a total value of $7,255,884.00. Following the completion of the transaction, the executive vice president owned 61,595 shares in the company, valued at approximately $10,442,200.35. This represents a 41.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kevin J. Mitchell sold 16,856 shares of the stock in a transaction dated 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 directly owned 97,376 shares in the company, valued at approximately $16,380,590.72. The trade was a 14.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 84,688 shares of company stock valued at $14,066,145 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Trending Headlines about Phillips 66

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

• Positive Sentiment: Raymond James raised its price target to $205 and reiterated an “outperform” rating, citing nearly doubled refining margins — a clear catalyst for upside expectations. Raymond James Sets $205 Target on PSX as Refining Margins Nearly Double
• Positive Sentiment: Analyst and media coverage (Zacks, MSN) is highlighting PSX as both a growth and value name, reinforcing buying interest from fundamental and quant-focused investors. Here’s Why Phillips 66 (PSX) is a Strong Growth Stock
• Positive Sentiment: Operational/strategic support: Phillips 66 and Kinder Morgan extended the open season for Western Gateway pipeline capacity, which should help feed refinery throughput and optionality over time. Phillips 66 and Kinder Morgan, Inc. Announce Extension of Second Open Season for Remaining Western Gateway Capacity
• Positive Sentiment: Regional refining disruptions (e.g., a Valero refinery fire) and rising fuel prices are tightening supply, which tends to lift refining margins and benefits integrated refiners like PSX. Rising Fuel Prices Are Lifting Valero Stock. Why a Refinery Fire Can’t Stop It.
• Positive Sentiment: Technical/market momentum: the stock recently hit a 52-week high and has strong YTD gains, which attracts momentum-driven flows. Phillips 66 (NYSE:PSX) Sets New 52-Week High – Still a Buy?
• Negative Sentiment: Underlying financials still show pockets of weakness: in its last quarter Phillips 66 missed revenue consensus (reported revenue below estimates), which could limit multiple expansion if margins or volumes soften. (company quarterly results)
• Negative Sentiment: Profit‑taking and short-term selling after the recent run to new highs appears to be driving today’s pullback despite the positive headlines — a common technical correction after rapid gains.

Phillips 66 Stock Down 1.6%

Shares of PSX stock opened at $181.25 on Thursday. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $185.37. The stock has a market cap of $72.63 billion, a P/E ratio of 16.75, a P/E/G ratio of 0.64 and a beta of 0.86. The stock has a 50 day moving average of $157.36 and a 200 day moving average of $142.60. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data 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 business had revenue of $32.16 billion for the quarter, compared to analyst estimates 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 firm posted ($0.15) EPS. As a group, sell-side analysts expect that Phillips 66 will post 6.8 EPS 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 given a dividend of $1.27 per share. This is a boost from Phillips 66’s previous quarterly dividend of $1.20. This represents a $5.08 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, February 23rd. Phillips 66’s dividend payout ratio (DPR) is 46.95%.

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.