Allspring Global Investments Holdings LLC Has $18.15 Million Stock Position in Phillips 66 $PSX

Allspring Global Investments Holdings LLC raised its holdings in Phillips 66 (NYSE:PSX) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,014 shares of the oil and gas company’s stock after buying an additional 4,405 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Phillips 66 were worth $18,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PSX. L2 Asset Management LLC boosted its stake in Phillips 66 by 4.0% during the third quarter. L2 Asset Management LLC now owns 1,893 shares of the oil and gas company’s stock worth $257,000 after acquiring an additional 72 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its stake in shares of Phillips 66 by 0.5% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 15,658 shares of the oil and gas company’s stock valued at $2,130,000 after buying an additional 73 shares during the period. KCM Investment Advisors LLC increased its position in Phillips 66 by 1.6% in the 3rd quarter. KCM Investment Advisors LLC now owns 4,636 shares of the oil and gas company’s stock valued at $631,000 after buying an additional 74 shares in the last quarter. Heck Capital Advisors LLC increased its position in Phillips 66 by 1.2% in the 3rd quarter. Heck Capital Advisors LLC now owns 6,124 shares of the oil and gas company’s stock valued at $833,000 after buying an additional 75 shares in the last quarter. Finally, Portside Wealth Group LLC raised its stake in Phillips 66 by 3.8% during the 3rd quarter. Portside Wealth Group LLC now owns 2,033 shares of the oil and gas company’s stock worth $277,000 after buying an additional 75 shares during the period. 76.93% of the stock is currently owned by institutional investors.

Key Headlines Impacting Phillips 66

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

• Positive Sentiment: Analyst upgrade: UBS raised its PSX price target to $212 and maintained a Buy rating, implying meaningful upside versus recent levels. Phillips 66 (NYSE:PSX) Price Target Raised to $212.00 at UBS Group
• Positive Sentiment: Additional broker support: Wells Fargo and TD Cowen also boosted targets/ratings this week, reinforcing analyst conviction that refining/midstream fundamentals and dividends justify higher valuations. Wells Fargo Increases Phillips 66 Price Target to $201
• Positive Sentiment: Earnings momentum: Coverage notes Phillips 66 has a strong history of beating earnings and consensus models expect substantial year‑over‑year EPS growth for Q1, a near‑term catalyst if results meet or beat. Will Phillips 66 (PSX) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Upcoming catalyst: Q1 earnings are due later this month — results and management commentary will likely determine near‑term direction and validate (or reverse) recent upgrades. Phillips 66’s Q1 2026 Earnings: What to Expect
• Neutral Sentiment: Valuation/metrics: At a market cap ~ $70.6B with a mid‑teens P/E and moderate leverage, PSX looks attractively priced to some analysts but remains sensitive to refining margins and commodity swings. MarketBeat PSX Summary
• Negative Sentiment: Insider selling: CFO Kevin Mitchell sold 15,629 shares (~$2.97M) at about $190/share (SEC filing); while not uncommon, the sale reduces insider ownership and may raise short‑term caution premiums. SEC Form 4 – Kevin Mitchell
• Negative Sentiment: Recent price weakness: PSX pulled back in recent sessions (~3.6% drop noted in headlines), signaling near‑term volatility despite analyst enthusiasm. Phillips 66 (PSX) Stock Dips While Market Gains
• Negative Sentiment: Broader insider dispositions: Media reports of cumulative insider selling over the past year may concern some investors about near‑term conviction. Insider Selling Coverage

Phillips 66 Stock Down 0.0%

Shares of NYSE:PSX opened at $176.17 on Friday. The business’s 50 day moving average is $163.10 and its 200 day moving average is $145.02. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $190.61. The stock has a market cap of $70.60 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 0.31 and a beta of 0.76. The company has a quick ratio of 0.91, a current ratio of 1.30 and a debt-to-equity ratio of 0.62.

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, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $33.81 billion. During the same period in the prior year, the firm posted ($0.15) EPS. On average, sell-side analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were issued a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a 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 dividend payout ratio is presently 46.95%.

Insiders Place Their Bets

In other Phillips 66 news, EVP Brian Mandell sold 42,800 shares of the stock in a transaction dated Thursday, March 12th. The shares were 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 owned 61,595 shares in the company, valued at approximately $10,442,200.35. This trade represents a 41.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Don Baldridge sold 7,500 shares of Phillips 66 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 directly owned 38,488 shares in the company, valued at approximately $6,158,080. This represents a 16.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 100,317 shares of company stock worth $17,036,749 in the last ninety days. 0.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PSX has been the topic of a number of research reports. TD Cowen upped their target price on Phillips 66 from $155.00 to $213.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of Phillips 66 from $154.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. The Goldman Sachs Group upped their price objective on shares of Phillips 66 from $168.00 to $186.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Citigroup raised their price objective on shares of Phillips 66 from $146.00 to $159.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $170.00 price objective on shares of Phillips 66 in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.78.

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.