Phillips 66 $PSX Shares Acquired by Evergreen Capital Management LLC

Evergreen Capital Management LLC lifted its position in shares of Phillips 66 (NYSE:PSX) by 88.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,355 shares of the oil and gas company’s stock after purchasing an additional 4,397 shares during the period. Evergreen Capital Management LLC’s holdings in Phillips 66 were worth $1,207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Board of the Pension Protection Fund acquired a new stake in shares of Phillips 66 during the fourth quarter worth about $26,000. Accordant Advisory Group Inc increased its position in Phillips 66 by 900.0% in the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 180 shares during the period. Eagle Bay Advisors LLC acquired a new position in Phillips 66 in the 4th quarter valued at about $27,000. Stephens Consulting LLC increased its position in Phillips 66 by 67.7% in the 4th quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 90 shares during the period. Finally, Dorato Capital Management acquired a new position in Phillips 66 in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Key Stories Impacting Phillips 66

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

• Positive Sentiment: Progress on the Western Gateway refined‑products pipeline: Phillips 66 and Kinder Morgan secured sufficient long‑term shipper commitments in a second open season to advance the project toward final agreements and board approvals — a potential multi‑year source of stable midstream fee revenue and improved connectivity between Midwest/Gulf refineries and Western markets. Phillips 66 (PSX) and Kinder Morgan Advance Western Gateway Pipeline Project
• Positive Sentiment: Pipeline reconfiguration could be a structural advantage: Plans include reversing existing SFPP and Gold Pipeline segments to redirect supply to Phoenix, CA and Las Vegas, which may lower operating costs and increase refined‑product margins for Phillips 66 if built to mid‑2029 in‑service target. Western Gateway Pipeline Reconfiguration Could Be A Game Changer For Phillips 66 (PSX)
• Positive Sentiment: Refining margin tailwind: Third‑party commentary highlights that rising crack spreads support Phillips 66’s refining profitability, which would boost near‑to‑medium‑term earnings if product demand and spreads persist. Phillips 66 (PSX) Is Expected to Benefit from Rising Crack Spreads
• Neutral Sentiment: Corporate social/renewables activity: Phillips 66 is partnering with Points of Light on a volunteer campaign and is named among renewable partners in a UCO recycling announcement — positive for PR and ESG positioning but limited direct near‑term financial impact. Points of Light Celebrates Global Volunteer Month and Launches Mobilizing Millions Campaign
• Neutral Sentiment: Supply‑chain/renewable feedstock cooperation: Restaurant Technologies reports large UCO collection with conversion partners including Phillips 66, signaling growing renewable diesel feedstock flows — strategic long‑run benefit but modest earnings effect in the near term. Restaurant Technologies Recycled Almost 400 Million Lbs of UCO in 2025
• Negative Sentiment: Jones Act waiver shipping move draws scrutiny: Phillips 66 loaded U.S. crude onto a foreign‑flagged tanker after a Jones Act waiver — a move that may raise regulatory, PR and logistics questions and could pressure the company’s domestic shipping premium or invite political scrutiny. Phillips 66 sending US oil on foreign-flagged tanker after Jones Act waiver
• Negative Sentiment: Earnings expectations and analyst posture weigh on near term: Several previews (Zacks/Yahoo) flag that Phillips 66 lacks the setup for an earnings beat in the upcoming report, and Scotiabank’s upgrade of its target to $151 still carries only a sector‑perform rating (implying limited upside vs. current levels). These items increase the risk of downside if results or guidance disappoint. Phillips 66 (PSX) May Report Negative Earnings: Know the Trend Ahead of Next Week’s Release

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PSX shares. UBS Group boosted their price target on Phillips 66 from $172.00 to $212.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Scotiabank boosted their price target on Phillips 66 from $140.00 to $151.00 and gave the company a “sector perform” rating in a research report on Wednesday. Morgan Stanley boosted their price target on Phillips 66 from $140.00 to $147.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Jefferies Financial Group cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 13th. Finally, BMO Capital Markets boosted their price target on Phillips 66 from $175.00 to $195.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Eleven equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $181.33.

Phillips 66 Stock Performance

NYSE PSX opened at $159.61 on Friday. 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 business’s 50 day moving average is $166.61 and its two-hundred day moving average is $147.68. Phillips 66 has a 12-month low of $101.54 and a 12-month high of $190.61. The stock has a market capitalization of $63.96 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 0.30 and a beta of 0.76.

Phillips 66 (NYSE:PSX) last released its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share (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 company had revenue of $32.16 billion for the quarter, compared to analysts’ expectations of $33.81 billion. During the same quarter in the previous year, the firm posted ($0.15) EPS. Research analysts expect that Phillips 66 will post 14.12 EPS for the current year.

Phillips 66 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a dividend of $1.27 per share. The ex-dividend date is Monday, May 18th. This represents a $5.08 annualized dividend and a yield of 3.2%. Phillips 66’s payout ratio is presently 46.95%.

Insider Activity at Phillips 66

In other Phillips 66 news, EVP Don Baldridge sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $160.00, for a total transaction of $1,200,000.00. Following the transaction, the executive vice president owned 38,488 shares in the company, valued at approximately $6,158,080. The trade was a 16.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin J. Mitchell sold 16,856 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $168.22, for a total value of $2,835,516.32. Following the sale, the chief financial officer directly owned 97,376 shares in the company, valued at $16,380,590.72. This trade represents a 14.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 95,923 shares of company stock worth $16,399,619 in the last three months. 0.40% of the stock is currently owned by corporate insiders.

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.