Phillips 66 $PSX Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in Phillips 66 (NYSE:PSX) by 85.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,426 shares of the oil and gas company’s stock after selling 19,767 shares during the quarter. Federated Hermes Inc.’s holdings in Phillips 66 were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of PSX. Evolution Wealth Management Inc. acquired a new position in shares of Phillips 66 during the second quarter worth approximately $25,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Phillips 66 during the second quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Phillips 66 during the 2nd quarter valued at $38,000. Operose Advisors LLC grew its holdings in Phillips 66 by 260.4% during the second quarter. Operose Advisors LLC now owns 346 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 250 shares during the period. Finally, Traub Capital Management LLC acquired a new position in shares of Phillips 66 in the 2nd quarter worth approximately $43,000. 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: Q4 earnings beat — Phillips 66 reported $2.47 EPS vs. $2.15 consensus, with improving refining margins and stronger midstream volumes that bolster cash flow and support the company’s growth narrative. PSX Q4 2025 Earnings Highlights
• Positive Sentiment: Management emphasizes midstream-led growth — management told investors the firm is leaning into fee-based midstream businesses to reduce cyclicality and grow stable cash flow, a strategic positive for valuation and dividend coverage. Earnings Call: Midstream-Led Growth
• Positive Sentiment: Analyst upgrade / higher price target from Wells Fargo — Wells Fargo raised its PT to $163 with an overweight rating, signaling incremental upside and helping investor sentiment. Wells Fargo Raises PSX Price Target
• Neutral Sentiment: Morgan Stanley raised its price target to $147 but kept an equal-weight rating — the uplift is constructive, though the target remains below current market levels, producing a mixed signal. Morgan Stanley Price Target Update
• Negative Sentiment: Los Angeles refinery shutdown and layoffs — Phillips 66 is winding down operations at its last California refinery and will cut a large portion of local jobs; this could lower future refining throughput, trigger one‑time costs and attract regulatory/PR scrutiny. Refinery Shutdown / Layoffs
• Negative Sentiment: Insider sale — EVP Vanessa Allen Sutherland sold ~4,394 shares at about $150; not large for the company but can be perceived negatively by some investors. SEC Form 4: Insider Sale

Phillips 66 Stock Performance

Shares of Phillips 66 stock opened at $157.75 on Friday. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $159.15. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.68. The stock has a market cap of $63.56 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 0.57 and a beta of 0.90. The business has a fifty day simple moving average of $138.47 and a 200-day simple moving average of $133.74.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.32. Phillips 66 had a return on equity of 9.28% and a net margin of 3.22%.The firm had revenue of $32.16 billion for the quarter, compared to analyst estimates of $33.81 billion. During the same period in the previous year, the firm earned ($0.15) earnings per share. On average, sell-side analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Insider Activity at Phillips 66

In other Phillips 66 news, EVP Vanessa Allen Sutherland sold 4,394 shares of Phillips 66 stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $150.00, for a total transaction of $659,100.00. Following the completion of the sale, the executive vice president owned 25,799 shares of the company’s stock, valued at $3,869,850. This trade represents a 14.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Brian Mandell sold 25,500 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $140.04, for a total transaction of $3,571,020.00. Following the transaction, the executive vice president owned 56,838 shares in the company, valued at approximately $7,959,593.52. This represents a 30.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 60,488 shares of company stock valued at $8,474,466. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on PSX. Jefferies Financial Group lifted their price target on shares of Phillips 66 from $137.00 to $149.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Piper Sandler raised their price objective on Phillips 66 from $153.00 to $156.00 and gave the stock a “neutral” rating in a research note on Thursday. Wall Street Zen lowered Phillips 66 from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Zacks Research downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Finally, TD Cowen reiterated a “buy” rating on shares of Phillips 66 in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $156.41.

About Phillips 66

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.