Key Points
- CFO Kevin Mitchell sold 4,944 shares on March 4 at an average of $165.03 for $815,908.32, leaving him with 97,376 shares (~$16.07M); SEC filings also disclose a March 5 sale of 16,856 shares (~$3.65M), making recent insider sales roughly $4.46M in total.
- Phillips 66 raised its quarterly dividend to $1.27 (annualized $5.08) for a yield of about 3.1%, up from $1.20, with a payout ratio near 46.95%.
- The company beat EPS expectations, reporting $2.47 vs. $2.15 consensus while revenue of $32.16B missed estimates; analysts' consensus rating is "Hold" with an average price target of $160.11.
Phillips 66 (NYSE:PSX - Get Free Report) CFO Kevin Mitchell sold 4,944 shares of the company's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $165.03, for a total transaction of $815,908.32. Following the completion of the sale, the chief financial officer directly owned 97,376 shares in the company, valued at approximately $16,069,961.28. The trade was a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Phillips 66 Stock Performance
NYSE PSX opened at $165.94 on Friday. The firm has a market capitalization of $66.50 billion, a P/E ratio of 15.34, a PEG ratio of 0.58 and a beta of 0.86. The stock has a 50-day simple moving average of $147.54 and a two-hundred day simple moving average of $138.57. 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 fifty-two week low of $91.01 and a fifty-two week high of $169.62.
Phillips 66 (NYSE:PSX - Get Free Report) last issued its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.32. The firm had revenue of $32.16 billion for the quarter, compared to the consensus estimate 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. On average, equities analysts forecast 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. Shareholders of record on Monday, February 23rd were given a $1.27 dividend. The ex-dividend date was Monday, February 23rd. This represents a $5.08 annualized dividend and a yield of 3.1%. This is a boost from Phillips 66's previous quarterly dividend of $1.20. Phillips 66's payout ratio is currently 46.95%.
Institutional Trading of Phillips 66
Several institutional investors have recently modified their holdings of PSX. Evolution Wealth Management Inc. acquired a new position in shares of Phillips 66 during the 2nd quarter worth about $25,000. Board of the Pension Protection Fund acquired a new stake in Phillips 66 in the 4th quarter worth about $26,000. Accordant Advisory Group Inc boosted its holdings in Phillips 66 by 900.0% in the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company's stock worth $26,000 after buying an additional 180 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in Phillips 66 during the 4th quarter worth approximately $27,000. Finally, SWAN Capital LLC increased its stake in Phillips 66 by 1,055.6% during the 4th quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company's stock worth $27,000 after buying an additional 190 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Zacks Research cut shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 16th. Weiss Ratings raised shares of Phillips 66 from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. Wells Fargo & Company upped their price objective on shares of Phillips 66 from $162.00 to $163.00 and gave the stock an "overweight" rating in a research report on Thursday, February 5th. BMO Capital Markets restated an "outperform" rating and set a $170.00 target price on shares of Phillips 66 in a research report on Friday, February 6th. Finally, Wolfe Research lifted their price target on Phillips 66 from $159.00 to $164.00 and gave the company an "outperform" rating in a research note on Monday, January 26th. Eleven investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $160.11.
Check Out Our Latest Research Report on Phillips 66
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
About Phillips 66
(
Get Free Report)
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.
Further Reading
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