NorthCrest Asset Manangement LLC Boosts Stake in Phillips 66 $PSX

NorthCrest Asset Manangement LLC grew its holdings in shares of Phillips 66 (NYSE:PSX) by 14.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,068 shares of the oil and gas company’s stock after acquiring an additional 3,482 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Phillips 66 were worth $3,789,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Board of the Pension Protection Fund acquired a new stake in Phillips 66 during the 4th quarter valued at approximately $26,000. Evolution Wealth Management Inc. acquired a new position in shares of Phillips 66 in the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC acquired a new position in shares of Phillips 66 in the 3rd quarter valued at approximately $36,000. Wealth Watch Advisors INC purchased a new position in shares of Phillips 66 during the 3rd quarter valued at approximately $36,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Phillips 66 during the 2nd quarter valued at approximately $32,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Phillips 66

In other news, EVP Brian Mandell sold 42,800 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $169.53, for a total transaction of $7,255,884.00. Following the completion of the transaction, the executive vice president owned 61,595 shares of the company’s stock, valued at approximately $10,442,200.35. The trade was a 41.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lisa Ann Davis sold 3,800 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $174.37, for a total transaction of $662,606.00. Following the transaction, the director owned 8,701 shares of the company’s stock, valued at $1,517,193.37. This represents a 30.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 84,688 shares of company stock worth $14,066,145. Corporate insiders own 0.22% of the company’s stock.

Phillips 66 Stock Performance

Shares of PSX opened at $175.49 on Monday. The stock has a market capitalization of $70.32 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 0.61 and a beta of 0.86. The business’s fifty day moving average price is $154.88 and its 200 day moving average price is $141.64. 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 has a 12-month low of $91.01 and a 12-month high of $179.01.

Phillips 66 (NYSE:PSX) last issued its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share for the quarter, topping 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 company had revenue of $32.16 billion for the quarter, compared to analysts’ expectations of $33.81 billion. During the same period in the prior year, the company earned ($0.15) earnings per share. Equities research analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd were issued a dividend of $1.27 per share. 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 of this dividend was Monday, February 23rd. Phillips 66’s dividend payout ratio is currently 46.95%.

Analyst Ratings Changes

A number of analysts recently issued reports on PSX shares. Argus lifted their price target on shares of Phillips 66 from $152.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Scotiabank reiterated a “sector perform” rating and set a $140.00 price objective on shares of Phillips 66 in a research note on Friday, January 16th. Mizuho raised their price objective on shares of Phillips 66 from $152.00 to $170.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. JPMorgan Chase & Co. dropped their target price on shares of Phillips 66 from $154.00 to $151.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Finally, Weiss Ratings upgraded shares of Phillips 66 from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.33.

Phillips 66 News Roundup

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

• Positive Sentiment: Refining‑margin tailwinds and company messaging on cash returns drove buying interest; market commentary points to wider gasoline/diesel crack spreads and Phillips 66’s investor materials emphasizing durable cash generation and cost reductions. Phillips 66 rises on refining-margin tailwinds
• Positive Sentiment: Macro supply risk — overseas oil prices jumped after attacks in the Gulf region — which typically boosts refiners’ ability to raise product prices and supports crack spreads. That broader commodity move helped lift PSX with the sector. Oil Prices Surge Overseas, Gold Slumps
• Positive Sentiment: Analyst interest and earnings‑estimate revisions are supportive — coverage notes PSX among broker‑favored names amid inflation and oil shocks, and recent upgrades/positive forecasts (e.g., Jefferies, Mizuho) add conviction. Higher trading volume accompanied recent gains. Phillips 66 (PSX) Surges 3.2%
• Neutral Sentiment: Liquidity update — PSX arranged a 364‑day $2.25B term loan, which boosts near‑term funding flexibility but adds short‑term debt; likely neutral for near‑term sentiment unless used for buybacks/dividends. Phillips 66 Secures New $2.25 Billion Term Loan
• Neutral Sentiment: Media and momentum mentions (CNBC/Benzinga) flagged PSX among notable trades, which can amplify short‑term flows but doesn’t change fundamentals. Okta, Phillips 66 And More: CNBC’s ‘Final Trades’
• Neutral Sentiment: Mixed institutional/analyst picture — Quiver/market data show substantial portfolio reshuffling and a wide range of price targets (median around $151), signaling divergent views that can increase volatility. Quiver Quantitative PSX analysis
• Negative Sentiment: Significant insider selling was reported (EVP sale ~ $7.26M), which can concern investors about timing of sales even though insider activity is not uncommon. That likely capped some upside after the rally. Insider Selling: Phillips 66 EVP Sells $7,255,884.00 in Stock

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.