Czech National Bank Has $13.71 Million Holdings in Phillips 66 $PSX

Czech National Bank raised its stake in shares of Phillips 66 (NYSE:PSX) by 3.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 106,245 shares of the oil and gas company’s stock after purchasing an additional 3,605 shares during the period. Czech National Bank’s holdings in Phillips 66 were worth $13,710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSX. Foster Group Inc. purchased a new stake in shares of Phillips 66 in the fourth quarter worth approximately $372,000. Uhlmann Price Securities LLC lifted its holdings in shares of Phillips 66 by 3.3% in the fourth quarter. Uhlmann Price Securities LLC now owns 3,598 shares of the oil and gas company’s stock valued at $464,000 after purchasing an additional 115 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of Phillips 66 by 2.0% during the fourth quarter. DAVENPORT & Co LLC now owns 26,500 shares of the oil and gas company’s stock valued at $3,420,000 after buying an additional 509 shares during the last quarter. Stolper Co boosted its position in shares of Phillips 66 by 1.3% during the fourth quarter. Stolper Co now owns 46,164 shares of the oil and gas company’s stock valued at $5,957,000 after buying an additional 596 shares during the last quarter. Finally, Daymark Wealth Partners LLC grew its holdings in Phillips 66 by 1.6% during the fourth quarter. Daymark Wealth Partners LLC now owns 87,035 shares of the oil and gas company’s stock worth $11,231,000 after buying an additional 1,378 shares in the last quarter. 76.93% of the stock is owned by institutional investors.

Phillips 66 News Summary

Here are the key news stories impacting Phillips 66 this week:

• Positive Sentiment: Raymond James raised its price target to $205 and kept an outperform rating, citing nearly doubled refining margins that materially improve PSX’s earnings outlook; that upgrade is a direct catalyst for investor buying. Raymond James Sets $205 Target on PSX
• Positive Sentiment: Phillips 66 and Kinder Morgan extended the second open season for the Western Gateway pipeline, which helps secure long-term transport commitments into the Los Angeles market and reduces logistics risk for refined-product flows. Business Wire: Open Season Extension
• Positive Sentiment: Zacks flagged PSX as a strong momentum stock, reflecting positive style-score signals that can attract quant and momentum buyers and reinforce the recent run. Zacks: Strong Momentum Stock
• Positive Sentiment: Zacks also highlights PSX as a strong growth stock based on its style scores, reinforcing the buy-side narrative that the company is delivering improving fundamentals. Zacks: Strong Growth Stock
• Positive Sentiment: Coverage noting PSX set a new 52‑week high is reinforcing momentum traders and headline-driven flows into the stock. AmericanBankingNews: Sets New 52-Week High
• Neutral Sentiment: Some commentary is examining valuation after the recent rally — higher multiples raise the risk that further upside depends on sustained margins and execution rather than multiple expansion alone. Yahoo Finance: Valuation After Momentum
• Neutral Sentiment: Investor reaction pieces synthesize the pipeline extension and margin backdrop; these help explain the stock’s move but note outcomes still depend on finalized shipper commitments and sustained refining spreads. Yahoo Finance: How Investors Are Reacting

Phillips 66 Trading Up 1.6%

NYSE:PSX opened at $184.10 on Friday. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $187.57. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $158.24 and its 200 day moving average is $142.89. The stock has a market capitalization of $73.78 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 0.34 and a beta of 0.86.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data 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 9.13% and a net margin of 3.22%.The business had revenue of $32.16 billion during the quarter, compared to analyst estimates of $33.81 billion. During the same period in the prior year, the company earned ($0.15) earnings per share. Sell-side analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd were paid a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, February 23rd. This is a positive change from Phillips 66’s previous quarterly dividend of $1.20. Phillips 66’s dividend payout ratio is currently 46.95%.

Insider Buying and Selling

In related news, EVP Brian Mandell sold 42,800 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $169.53, for a total value of $7,255,884.00. Following the sale, the executive vice president directly owned 61,595 shares in the company, valued at approximately $10,442,200.35. The trade was a 41.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Don Baldridge sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $160.00, for a total transaction of $1,200,000.00. Following the sale, the executive vice president directly owned 38,488 shares in the company, valued at approximately $6,158,080. This trade represents a 16.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 84,688 shares of company stock worth $14,066,145 in the last quarter. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PSX. Citigroup raised their price objective on Phillips 66 from $146.00 to $159.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. UBS Group reiterated a “buy” rating and issued a $172.00 target price on shares of Phillips 66 in a research note on Friday, February 6th. The Goldman Sachs Group increased their target price on shares of Phillips 66 from $168.00 to $186.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Zacks Research lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Wall Street Zen raised shares of Phillips 66 from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.00.

Phillips 66 Company Profile

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.