Phillips 66 (NYSE:PSX) CFO Kevin Mitchell Sells 15,629 Shares of Stock

Phillips 66 (NYSE:PSX) CFO Kevin Mitchell sold 15,629 shares of Phillips 66 stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $190.07, for a total transaction of $2,970,604.03. Following the sale, the chief financial officer owned 97,376 shares of the company’s stock, valued at approximately $18,508,256.32. This represents a 13.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Phillips 66 Trading Up 0.3%

PSX opened at $176.17 on Friday. The firm has a 50 day simple moving average of $162.40 and a 200 day simple moving average of $144.63. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $190.61. The company has a market cap of $70.60 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 0.31 and a beta of 0.76. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 0.91.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.32. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. The firm had revenue of $32.16 billion for the quarter, compared to analysts’ expectations of $33.81 billion. During the same period last year, the firm earned ($0.15) earnings per share. On average, sell-side analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd were paid a $1.27 dividend. This is an increase from Phillips 66’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.9%. Phillips 66’s dividend payout ratio (DPR) is currently 46.95%.

Trending Headlines about 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in shares of Phillips 66 by 238.5% during the 4th quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company’s stock valued at $1,166,000 after purchasing an additional 7,214 shares in the last quarter. Woodline Partners LP increased its stake in Phillips 66 by 40.7% during the 1st quarter. Woodline Partners LP now owns 34,891 shares of the oil and gas company’s stock worth $4,308,000 after purchasing an additional 10,089 shares in the last quarter. American Century Companies Inc. raised its holdings in Phillips 66 by 2.9% during the 2nd quarter. American Century Companies Inc. now owns 80,942 shares of the oil and gas company’s stock worth $9,657,000 after buying an additional 2,299 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Phillips 66 by 1.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 36,003 shares of the oil and gas company’s stock worth $4,295,000 after buying an additional 536 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in Phillips 66 by 13.1% in the second quarter. Mackenzie Financial Corp now owns 49,615 shares of the oil and gas company’s stock valued at $5,919,000 after buying an additional 5,731 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PSX shares. TD Cowen upped their price objective on Phillips 66 from $155.00 to $213.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup boosted their target price on Phillips 66 from $146.00 to $159.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. lowered their price target on Phillips 66 from $154.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Morgan Stanley increased their price target on shares of Phillips 66 from $140.00 to $147.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Finally, Raymond James Financial lifted their price objective on shares of Phillips 66 from $175.00 to $205.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.78.

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.