Kevin Mitchell Sells 4,944 Shares of Phillips 66 (NYSE:PSX) Stock

Phillips 66 (NYSE:PSX) CFO Kevin Mitchell sold 4,944 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $165.03, for a total value of $815,908.32. Following the sale, the chief financial officer owned 97,376 shares of the company’s stock, valued at approximately $16,069,961.28. This trade represents a 4.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Phillips 66 Stock Down 0.3%

Shares of PSX stock opened at $165.94 on Friday. The stock’s 50 day simple moving average is $147.54 and its 200 day simple moving average is $138.69. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $169.62. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.91 and a current ratio of 1.30. The company has a market capitalization of $66.50 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 0.58 and a beta of 0.86.

Phillips 66 (NYSE:PSX) last announced its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.32. Phillips 66 had a return on equity of 9.13% and a net margin of 3.22%.The firm had revenue of $32.16 billion during the quarter, compared to analysts’ expectations of $33.81 billion. During the same quarter in the prior year, the business earned ($0.15) earnings per share. As a group, research analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd were paid a $1.27 dividend. The ex-dividend date was Monday, February 23rd. This is a positive change from Phillips 66’s previous quarterly dividend of $1.20. This represents a $5.08 dividend on an annualized basis and a dividend yield of 3.1%. Phillips 66’s dividend payout ratio is presently 46.95%.

Institutional Trading of Phillips 66

A number of hedge funds have recently bought and sold shares of PSX. Bayban acquired a new stake in Phillips 66 during the fourth quarter worth about $58,000. Rehmann Capital Advisory Group raised its holdings in Phillips 66 by 23.9% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,534 shares of the oil and gas company’s stock valued at $327,000 after acquiring an additional 488 shares in the last quarter. SHP Wealth Management acquired a new position in Phillips 66 in the 4th quarter valued at approximately $88,000. Tulsa Wealth Advisors INC bought a new stake in shares of Phillips 66 in the 4th quarter worth approximately $2,494,000. Finally, Bank of Hawaii grew its holdings in shares of Phillips 66 by 5.7% during the 4th quarter. Bank of Hawaii now owns 5,574 shares of the oil and gas company’s stock worth $719,000 after purchasing an additional 299 shares in the last quarter. 76.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Scotiabank reiterated a “sector perform” rating and issued a $140.00 target price on shares of Phillips 66 in a report on Friday, January 16th. UBS Group restated a “buy” rating and set a $172.00 price target on shares of Phillips 66 in a report on Friday, February 6th. The Goldman Sachs Group raised their price target on Phillips 66 from $152.00 to $164.00 and gave the company a “neutral” rating in a research report on Thursday, January 22nd. Citigroup lifted their price objective on Phillips 66 from $146.00 to $159.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Finally, Weiss Ratings raised Phillips 66 from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Eleven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $160.11.

Key Headlines Impacting 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

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.