Key Points
- CFO Kevin Mitchell sold 15,629 shares of Phillips 66 at an average price of $190.07 on March 30, generating about $2.97 million and reducing his stake by 13.83% to 97,376 shares.
- Board raised the dividend—Phillips 66 paid a quarterly dividend of $1.27 (annualized $5.08) for a yield of ~2.9% and recently reported an earnings beat with EPS of $2.47 versus $2.15 expected.
- Analyst sentiment is broadly positive: the stock trades with a market cap around $70.6B and P/E ~16, carries a MarketBeat consensus of "Moderate Buy" with a $171.78 target, while several firms have boosted price targets into the $201–$213 range implying roughly 20% upside.
Phillips 66 (NYSE:PSX - Get Free Report) CFO Kevin Mitchell sold 15,629 shares of the business's stock in a transaction on Monday, March 30th. The shares were sold at an average price of $190.07, for a total transaction of $2,970,604.03. Following the completion of the sale, the chief financial officer directly owned 97,376 shares in the company, valued at $18,508,256.32. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Phillips 66 Price Performance
Shares of NYSE PSX opened at $176.17 on Friday. The company has a fifty day moving average price of $162.40 and a 200 day moving average price of $144.63. The firm has a market cap of $70.60 billion, a PE ratio of 16.28, a PEG ratio of 0.31 and a beta of 0.76. 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 has a 1-year low of $91.01 and a 1-year high of $190.61.
Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the business posted ($0.15) EPS. Research analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.
Phillips 66 Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were given a $1.27 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $5.08 dividend on an annualized basis and a yield of 2.9%. This is a boost from Phillips 66's previous quarterly dividend of $1.20. Phillips 66's payout ratio is 46.95%.
Institutional Investors Weigh In On Phillips 66
Large investors have recently made changes to their positions in the stock. Old North State Trust LLC grew its stake in shares of Phillips 66 by 10.8% in the fourth quarter. Old North State Trust LLC now owns 5,664 shares of the oil and gas company's stock valued at $731,000 after buying an additional 552 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in Phillips 66 by 5.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 150,396 shares of the oil and gas company's stock worth $19,407,000 after acquiring an additional 7,758 shares in the last quarter. World Investment Advisors lifted its stake in Phillips 66 by 5.1% in the fourth quarter. World Investment Advisors now owns 12,407 shares of the oil and gas company's stock valued at $1,601,000 after acquiring an additional 599 shares during the last quarter. Green Ridge Wealth Planning LLC acquired a new stake in Phillips 66 in the fourth quarter valued at $250,000. Finally, Bayban bought a new position in shares of Phillips 66 in the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 76.93% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on PSX. JPMorgan Chase & Co. decreased their price target on shares of Phillips 66 from $154.00 to $151.00 and set an "overweight" rating for the company in a research note on Tuesday, January 13th. Wells Fargo & Company boosted their price objective on shares of Phillips 66 from $163.00 to $201.00 and gave the stock an "overweight" rating in a research report on Tuesday. Jefferies Financial Group raised shares of Phillips 66 from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 16th. The Goldman Sachs Group lifted their price target on shares of Phillips 66 from $168.00 to $186.00 and gave the company a "neutral" rating in a research note on Thursday, March 12th. Finally, Morgan Stanley boosted their price target on shares of Phillips 66 from $140.00 to $147.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $171.78.
View Our Latest Report on PSX
Key Headlines Impacting Phillips 66
Here are the key news stories impacting Phillips 66 this week:
- Positive Sentiment: Multiple brokerages raised price targets and reiterated buy ratings (UBS to $212, TD Cowen to $213, Wells Fargo to $201), implying ~20% upside from recent levels and signaling renewed analyst conviction. Read More. Read More. Read More.
- Positive Sentiment: Phillips 66 has a history of earnings beats and analysts expect robust Q1 results (consensus calls for big year-over-year EPS growth), supporting the bullish narrative for near-term upside. Read More. Read More.
- Neutral Sentiment: Q1 earnings are due later this month and consensus models point to massive bottom‑line growth; the release (and management commentary) will be the key catalyst that validates current analyst upgrades. Read More.
- Neutral Sentiment: Valuation and balance‑sheet snapshot: market cap around $70.6B, P/E ~16, PEG ~0.34 and modest leverage — metrics that support analyst bullishness but keep the stock sensitive to oil/refining margin swings. (See MarketBeat summary for current metrics.) Read More.
- Negative Sentiment: Insider selling: CFO Kevin Mitchell sold ~15,629 shares (~$2.97M) at ~ $190/share; the filing reduces his stake and adds a note of caution for some investors. Read More. Read More.
- Negative Sentiment: Recent short-term weakness: PSX traded lower in prior sessions (a ~3.6% dip reported in recent headlines), indicating near-term volatility despite analyst enthusiasm. Read More.
- Negative Sentiment: Broader insider selling over the past year (reported cumulative insider dispositions) could be viewed by some investors as a red flag on near-term conviction. Read More.
Phillips 66 Company Profile
(
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.
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