Lisa Ann Davis Sells 3,800 Shares of Phillips 66 (NYSE:PSX) Stock

Phillips 66 (NYSE:PSX) Director Lisa Ann Davis sold 3,800 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $174.37, for a total transaction of $662,606.00. Following the completion of the sale, the director directly owned 8,701 shares in the company, valued at $1,517,193.37. This represents a 30.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Phillips 66 Stock Performance

PSX stock opened at $172.83 on Wednesday. The stock’s 50 day simple moving average is $152.83 and its 200 day simple moving average is $140.74. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $178.38. The firm has a market cap of $69.26 billion, a P/E ratio of 15.97, a P/E/G ratio of 0.60 and a beta of 0.86.

Phillips 66 (NYSE:PSX) last announced its quarterly 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 business had revenue of $32.16 billion for the quarter, compared to the consensus estimate of $33.81 billion. During the same quarter last year, the business posted ($0.15) EPS. As a group, equities research analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, February 23rd were given a dividend of $1.27 per share. This is a boost from Phillips 66’s previous quarterly dividend of $1.20. The ex-dividend date was Monday, February 23rd. This represents a $5.08 dividend on an annualized basis and a yield of 2.9%. Phillips 66’s payout ratio is presently 46.95%.

Wall Street Analysts Forecast Growth

PSX has been the subject of a number of research reports. Wall Street Zen raised Phillips 66 from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Wells Fargo & Company boosted their price target on shares of Phillips 66 from $162.00 to $163.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Citigroup upped their price target on shares of Phillips 66 from $146.00 to $159.00 and gave the company a “neutral” rating in a report on Monday, February 9th. JPMorgan Chase & Co. lowered their price objective on shares of Phillips 66 from $154.00 to $151.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Finally, Jefferies Financial Group upgraded shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a report on Monday. 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.33.

Institutional Trading of Phillips 66

Several hedge funds and other institutional investors have recently modified their holdings of PSX. Vanguard Group Inc. grew its stake in Phillips 66 by 14.8% in the second quarter. Vanguard Group Inc. now owns 46,368,000 shares of the oil and gas company’s stock valued at $5,531,702,000 after purchasing an additional 5,978,841 shares in the last quarter. Norges Bank purchased a new stake in shares of Phillips 66 during the 4th quarter worth about $640,206,000. Elliott Investment Management L.P. raised its stake in shares of Phillips 66 by 22.4% during the 2nd quarter. Elliott Investment Management L.P. now owns 19,251,000 shares of the oil and gas company’s stock worth $2,296,644,000 after purchasing an additional 3,526,000 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Phillips 66 by 462.9% during the 4th quarter. M&T Bank Corp now owns 2,727,888 shares of the oil and gas company’s stock valued at $352,007,000 after buying an additional 2,243,268 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Phillips 66 by 424.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,893,195 shares of the oil and gas company’s stock valued at $257,512,000 after buying an additional 1,532,389 shares during the last quarter. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Phillips 66

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

• Positive Sentiment: Jefferies upgraded PSX from “hold” to “strong‑buy”, which can attract buyer interest and support the stock. Jefferies Upgrade
• Positive Sentiment: Board/executive-friendly cash return: Phillips 66 recently raised its quarterly dividend to $1.27 (paid Mar 4), boosting yield and income appeal for yield‑seeking investors. Dividend Notice
• Positive Sentiment: Director Kevin Omar Meyers bought 175 shares (~$30.3k), a small but supportive insider purchase disclosed to the SEC. Kevin Meyers SEC Filing
• Neutral Sentiment: Piper Sandler presentation transcript was released (investor / management commentary available), which may provide operational color but no headline surprises reported so far. Conference Transcript
• Neutral Sentiment: Mizuho raised its price target to $170 but kept a “neutral” rating — the PT is near current levels, so it’s not a clear catalyst. Mizuho Note
• Neutral Sentiment: Analyst/ownership backdrop: mixed analyst ratings (buy/hold split) and steady institutional ownership; recent quarterly EPS beat (Feb 4) but revenue missed consensus — a mixed fundamentals picture that tempers large moves. Analyst & Earnings Summary
• Negative Sentiment: Large insider sales: EVP Brian Mandell sold 42,800 shares (~$7.26M), a significant reduction in insider holdings that can pressure sentiment. Mandell SEC Filing
• Negative Sentiment: Director Lisa Ann Davis sold 3,800 shares (~$662.6k), trimming her stake by ~30%, another sign of insider selling pressure. Davis Sale

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.