Perpetual Ltd Grows Stake in Phillips 66 $PSX

Perpetual Ltd increased its position in Phillips 66 (NYSE:PSX) by 114.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,635 shares of the oil and gas company’s stock after acquiring an additional 3,011 shares during the period. Perpetual Ltd’s holdings in Phillips 66 were worth $727,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in shares of Phillips 66 by 4.8% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,504 shares of the oil and gas company’s stock worth $581,000 after purchasing an additional 207 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in Phillips 66 by 389.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,232 shares of the oil and gas company’s stock valued at $1,320,000 after buying an additional 8,140 shares during the period. M3 Advisory Group LLC grew its position in Phillips 66 by 4.4% during the fourth quarter. M3 Advisory Group LLC now owns 2,594 shares of the oil and gas company’s stock valued at $335,000 after buying an additional 109 shares during the period. Perigon Wealth Management LLC increased its holdings in Phillips 66 by 22.2% during the fourth quarter. Perigon Wealth Management LLC now owns 7,327 shares of the oil and gas company’s stock valued at $945,000 after buying an additional 1,333 shares during the last quarter. Finally, Sharp Wealth Advisory LLC increased its holdings in Phillips 66 by 22.9% during the fourth quarter. Sharp Wealth Advisory LLC now owns 3,526 shares of the oil and gas company’s stock valued at $455,000 after buying an additional 658 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PSX. Wells Fargo & Company lifted their price target on shares of Phillips 66 from $163.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Mizuho upped their price objective on Phillips 66 from $152.00 to $170.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Scotiabank raised Phillips 66 to a “hold” rating in a report on Friday, March 27th. Argus lifted their target price on Phillips 66 from $152.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, UBS Group upped their price target on Phillips 66 from $172.00 to $212.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.78.

More Phillips 66 News

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

Insider Transactions at Phillips 66

In related news, CFO Kevin J. Mitchell sold 16,856 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $168.22, for a total transaction of $2,835,516.32. Following the completion of the sale, the chief financial officer owned 97,376 shares in the company, valued at approximately $16,380,590.72. This trade represents a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of Phillips 66 stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $150.00, for a total value of $659,100.00. Following the sale, the executive vice president directly owned 25,799 shares in the company, valued at $3,869,850. This trade represents a 14.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 100,317 shares of company stock valued at $17,036,749. 0.22% of the stock is owned by corporate insiders.

Phillips 66 Stock Down 0.0%

Shares of PSX stock opened at $176.17 on Monday. 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 one year low of $91.01 and a one year high of $190.61. The company’s fifty day moving average price is $163.10 and its 200-day moving average price is $145.11. The company has a market capitalization of $70.60 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 0.31 and a beta of 0.76.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $33.81 billion. During the same quarter in the prior year, the firm posted ($0.15) EPS. Sell-side analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd were paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change 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%.

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.