2,880 Shares in Phillips 66 $PSX Purchased by Foster Group Inc.

Foster Group Inc. acquired a new position in shares of Phillips 66 (NYSE:PSX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,880 shares of the oil and gas company’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PSX. Uhlmann Price Securities LLC grew its position in Phillips 66 by 3.3% during the fourth quarter. Uhlmann Price Securities LLC now owns 3,598 shares of the oil and gas company’s stock valued at $464,000 after purchasing an additional 115 shares in the last quarter. DAVENPORT & Co LLC lifted its position in Phillips 66 by 2.0% in the 4th quarter. DAVENPORT & Co LLC now owns 26,500 shares of the oil and gas company’s stock worth $3,420,000 after buying an additional 509 shares in the last quarter. Stolper Co lifted its position in Phillips 66 by 1.3% in the 4th quarter. Stolper Co now owns 46,164 shares of the oil and gas company’s stock worth $5,957,000 after buying an additional 596 shares in the last quarter. Daymark Wealth Partners LLC boosted its stake in shares of Phillips 66 by 1.6% during the 4th quarter. Daymark Wealth Partners LLC now owns 87,035 shares of the oil and gas company’s stock valued at $11,231,000 after buying an additional 1,378 shares during the period. Finally, Somerset Trust Co boosted its stake in shares of Phillips 66 by 1.4% during the 4th quarter. Somerset Trust Co now owns 20,937 shares of the oil and gas company’s stock valued at $2,702,000 after buying an additional 298 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Trending Headlines about Phillips 66

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

• Positive Sentiment: Raymond James raised its price target to $205 and kept an outperform rating, citing nearly doubled refining margins that materially improve PSX’s earnings outlook; that upgrade is a direct catalyst for investor buying. Raymond James Sets $205 Target on PSX
• Positive Sentiment: Phillips 66 and Kinder Morgan extended the second open season for the Western Gateway pipeline, which helps secure long-term transport commitments into the Los Angeles market and reduces logistics risk for refined-product flows. Business Wire: Open Season Extension
• Positive Sentiment: Zacks flagged PSX as a strong momentum stock, reflecting positive style-score signals that can attract quant and momentum buyers and reinforce the recent run. Zacks: Strong Momentum Stock
• Positive Sentiment: Zacks also highlights PSX as a strong growth stock based on its style scores, reinforcing the buy-side narrative that the company is delivering improving fundamentals. Zacks: Strong Growth Stock
• Positive Sentiment: Coverage noting PSX set a new 52‑week high is reinforcing momentum traders and headline-driven flows into the stock. AmericanBankingNews: Sets New 52-Week High
• Neutral Sentiment: Some commentary is examining valuation after the recent rally — higher multiples raise the risk that further upside depends on sustained margins and execution rather than multiple expansion alone. Yahoo Finance: Valuation After Momentum
• Neutral Sentiment: Investor reaction pieces synthesize the pipeline extension and margin backdrop; these help explain the stock’s move but note outcomes still depend on finalized shipper commitments and sustained refining spreads. Yahoo Finance: How Investors Are Reacting

Phillips 66 Stock Up 1.6%

Phillips 66 stock opened at $184.10 on Friday. The company has a market capitalization of $73.78 billion, a P/E ratio of 17.01, a P/E/G ratio of 0.34 and a beta of 0.86. The firm’s fifty day simple moving average is $158.24 and its 200-day simple moving average is $142.89. 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 1-year low of $91.01 and a 1-year high of $187.57.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.32. The business had revenue of $32.16 billion during the quarter, compared to analyst estimates of $33.81 billion. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. During the same quarter in the previous year, the business earned ($0.15) EPS. Sell-side analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, February 23rd were given a $1.27 dividend. This is an increase from Phillips 66’s previous quarterly dividend of $1.20. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, February 23rd. Phillips 66’s payout ratio is presently 46.95%.

Insider Activity at Phillips 66

In related news, EVP Brian Mandell sold 42,800 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $169.53, for a total value of $7,255,884.00. Following the completion of the sale, the executive vice president directly owned 61,595 shares in the company, valued at approximately $10,442,200.35. The trade was a 41.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin J. Mitchell sold 16,856 shares of the company’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 of the company’s stock, valued at $16,380,590.72. The trade was a 14.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 84,688 shares of company stock worth $14,066,145 in the last 90 days. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PSX. Wolfe Research upped their price target on shares of Phillips 66 from $159.00 to $164.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Wall Street Zen raised Phillips 66 from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Zacks Research downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Barclays set a $158.00 target price on Phillips 66 in a research report on Friday, February 20th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $140.00 price target on shares of Phillips 66 in a research note on Friday, January 16th. One 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. According to MarketBeat, Phillips 66 currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.00.

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.