Key Points
- Phillips 66 EVP Brian Mandell sold 30,000 shares at an average price of $215, generating $6.45 million and reducing his direct ownership by 32.75% to 61,595 shares.
- The company reported quarterly EPS of $9.41, beating estimates of $7.50, while revenue reached $52.04 billion versus expectations of $43.60 billion.
- Phillips 66 declared a quarterly dividend of $1.27 and authorized a $10 billion share-repurchase program, equivalent to up to 11.8% of outstanding shares; analysts maintain a consensus “Moderate Buy” rating.
Phillips 66 (NYSE:PSX - Get Free Report) EVP Brian Mandell sold 3,300 shares of Phillips 66 stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $214.02, for a total transaction of $706,266.00. Following the transaction, the executive vice president directly owned 61,595 shares of the company's stock, valued at approximately $13,182,561.90. This trade represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Brian Mandell also recently made the following trade(s):
- On Tuesday, August 11th, Brian Mandell sold 30,000 shares of Phillips 66 stock. The stock was sold at an average price of $215.00, for a total transaction of $6,450,000.00.
Phillips 66 Price Performance
Shares of NYSE PSX opened at $226.09 on Thursday. Phillips 66 has a fifty-two week low of $119.54 and a fifty-two week high of $226.60. The company has a 50 day simple moving average of $190.75 and a two-hundred day simple moving average of $174.91. The company has a market capitalization of $90.21 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.16 and a beta of 0.68. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.32.
Phillips 66 (NYSE:PSX - Get Free Report) last released its earnings results on Wednesday, August 5th. The oil and gas company reported $9.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.50 by $1.91. Phillips 66 had a net margin of 4.54% and a return on equity of 19.93%. The firm had revenue of $52.04 billion during the quarter, compared to analyst estimates of $43.60 billion. During the same period last year, the business earned $2.38 earnings per share. Analysts expect that Phillips 66 will post 24.44 EPS for the current fiscal year.
Phillips 66 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a dividend of $1.27 per share. The ex-dividend date is Tuesday, August 18th. This represents a $5.08 dividend on an annualized basis and a yield of 2.2%. Phillips 66's payout ratio is presently 28.95%.
Phillips 66 declared that its Board of Directors has initiated a share buyback plan on Friday, July 31st that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the oil and gas company to reacquire up to 11.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on PSX shares. Argus increased their target price on Phillips 66 from $185.00 to $197.00 and gave the stock a "buy" rating in a research note on Thursday, May 14th. Mizuho raised Phillips 66 from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $170.00 to $212.00 in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of Phillips 66 from a "buy" rating to a "strong-buy" rating in a research note on Sunday, July 26th. Piper Sandler increased their price objective on shares of Phillips 66 from $208.00 to $209.00 and gave the company a "neutral" rating in a research report on Monday. Finally, Wells Fargo & Company raised their price objective on shares of Phillips 66 from $201.00 to $239.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $206.56.
Get Our Latest Stock Analysis on PSX
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Phillips 66 in the second quarter worth approximately $5,766,779,000. Bank of New York Mellon Corp purchased a new stake in Phillips 66 during the 2nd quarter valued at $1,093,206,000. Norges Bank purchased a new stake in Phillips 66 during the 4th quarter valued at $640,206,000. M&T Bank Corp lifted its holdings in shares of Phillips 66 by 462.9% during the 4th quarter. M&T Bank Corp now owns 2,727,888 shares of the oil and gas company's stock valued at $352,007,000 after buying an additional 2,243,268 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of Phillips 66 during the 2nd quarter valued at $271,128,000. Institutional investors own 76.93% of the company's stock.
Key Headlines Impacting Phillips 66
Here are the key news stories impacting Phillips 66 this week:
- Positive Sentiment: J.P. Morgan maintains its Buy rating. Continued bullish analyst coverage supports the stock’s recent strength and suggests the firm sees additional upside in Phillips 66’s earnings or valuation. J.P. Morgan Sticks to Its Buy Rating for Phillips 66
- Positive Sentiment: Quarterly operating momentum remains strong. Phillips 66 reported refining margins of $24.08 per barrel in the second quarter, while debt declined by $6.6 billion. The combination of robust margins and lower leverage could improve cash flow, financial flexibility and shareholder-return capacity. Phillips 66 Q2 2026 Earnings Call Transcript
- Positive Sentiment: Western Gateway Pipeline receives approval to proceed. Phillips 66, Kinder Morgan and HF Sinclair finalized their joint venture and approved the approximately $5 billion, 1,300-mile refined-products pipeline. The system is planned to transport up to 230,000 barrels per day from the Midcontinent and Gulf Coast to Western markets, creating potential long-term transportation and infrastructure revenue. Phillips 66, Kinder Morgan, HF Sinclair approve Western Gateway pipeline project
- Negative Sentiment: Executive insider selling may weigh on sentiment. EVP Brian Mandell sold 33,300 shares for approximately $7.2 million across August 10–11, reducing his holdings substantially. Separately, an insider exercised options and sold 7,834 shares worth about $1.7 million. The transactions followed a strong quarter and may reflect profit-taking or option-related activity rather than deteriorating fundamentals, but they can still raise short-term concerns about insider conviction. A Phillips 66 Insider Cashed In Options After a Blowout Quarter
Phillips 66 Company Profile
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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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