Phillips 66 $PSX Shares Sold by Eldred Rock Partners LLC

Eldred Rock Partners LLC cut its stake in Phillips 66 (NYSE:PSX) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 90,041 shares of the oil and gas company’s stock after selling 11,010 shares during the period. Phillips 66 makes up 3.0% of Eldred Rock Partners LLC’s investment portfolio, making the stock its 18th largest position. Eldred Rock Partners LLC’s holdings in Phillips 66 were worth $11,619,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Board of the Pension Protection Fund acquired a new position in Phillips 66 during the fourth quarter worth approximately $26,000. Evolution Wealth Management Inc. acquired a new position in shares of Phillips 66 in the 2nd quarter valued at $25,000. Stephens Consulting LLC grew its stake in shares of Phillips 66 by 67.7% during the 4th quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 90 shares during the period. Dorato Capital Management acquired a new stake in shares of Phillips 66 during the 4th quarter worth $35,000. Finally, Winnow Wealth LLC acquired a new stake in shares of Phillips 66 during the 3rd quarter worth $36,000. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Phillips 66 news, CFO Kevin J. Mitchell sold 16,856 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $168.22, for a total value of $2,835,516.32. Following the completion of the transaction, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at $16,380,590.72. This represents a 14.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Don Baldridge sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $160.00, for a total value of $1,200,000.00. Following the sale, the executive vice president owned 38,488 shares of the company’s stock, valued at $6,158,080. This represents a 16.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 100,317 shares of company stock valued at $17,036,749. Corporate insiders own 0.22% of the company’s stock.

Phillips 66 News Summary

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.

Phillips 66 Price Performance

PSX stock opened at $176.17 on Friday. The firm has a market cap of $70.60 billion, a P/E 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 quick ratio of 0.91 and a current ratio of 1.30. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $190.61. The stock has a 50-day simple moving average of $162.40 and a 200-day simple moving average of $144.63.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, topping 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 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 company posted ($0.15) EPS. On average, equities analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have issued reports on PSX. Raymond James Financial boosted their price target on Phillips 66 from $175.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, March 25th. Scotiabank upgraded shares of Phillips 66 to a “hold” rating in a report on Friday, March 27th. Wells Fargo & Company lifted their price target on shares of Phillips 66 from $163.00 to $201.00 and gave the company an “overweight” rating in a research report on Tuesday. UBS Group boosted their price objective on shares of Phillips 66 from $172.00 to $212.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, The Goldman Sachs Group increased their price objective on shares of Phillips 66 from $168.00 to $186.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $171.78.

Phillips 66 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.