Phillips 66 $PSX Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN trimmed its holdings in shares of Phillips 66 (NYSE:PSX) by 17.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 37,769 shares of the oil and gas company’s stock after selling 8,063 shares during the quarter. OLD National Bancorp IN’s holdings in Phillips 66 were worth $4,874,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. AG lifted its position in Phillips 66 by 239.0% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 72,635 shares of the oil and gas company’s stock valued at $9,377,000 after buying an additional 51,208 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Phillips 66 by 44.4% during the fourth quarter. Teacher Retirement System of Texas now owns 90,826 shares of the oil and gas company’s stock valued at $11,720,000 after buying an additional 27,934 shares in the last quarter. HB Wealth Management LLC lifted its position in Phillips 66 by 4.4% during the fourth quarter. HB Wealth Management LLC now owns 34,466 shares of the oil and gas company’s stock valued at $4,448,000 after buying an additional 1,437 shares in the last quarter. Morton Brown Family Wealth LLC lifted its position in Phillips 66 by 36.2% during the fourth quarter. Morton Brown Family Wealth LLC now owns 282 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 75 shares in the last quarter. Finally, Caprock Group LLC lifted its position in Phillips 66 by 2.5% during the fourth quarter. Caprock Group LLC now owns 18,349 shares of the oil and gas company’s stock valued at $2,368,000 after buying an additional 454 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Trading Down 0.6%

PSX opened at $159.61 on Friday. The firm has a market capitalization of $63.96 billion, a P/E ratio of 14.75, a P/E/G ratio of 0.30 and a beta of 0.76. The firm’s 50 day moving average is $166.61 and its 200-day moving average is $147.68. Phillips 66 has a 52-week low of $101.54 and a 52-week high of $190.61. 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 posted its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.32. The company had revenue of $32.16 billion for 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 last year, the firm posted ($0.15) earnings per share. Analysts expect that Phillips 66 will post 14.12 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be paid a dividend of $1.27 per share. The ex-dividend date is Monday, May 18th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 3.2%. Phillips 66’s dividend payout ratio (DPR) is currently 46.95%.

More Phillips 66 News

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

• Positive Sentiment: Progress on the Western Gateway refined‑products pipeline: Phillips 66 and Kinder Morgan secured sufficient long‑term shipper commitments in a second open season to advance the project toward final agreements and board approvals — a potential multi‑year source of stable midstream fee revenue and improved connectivity between Midwest/Gulf refineries and Western markets. Phillips 66 (PSX) and Kinder Morgan Advance Western Gateway Pipeline Project
• Positive Sentiment: Pipeline reconfiguration could be a structural advantage: Plans include reversing existing SFPP and Gold Pipeline segments to redirect supply to Phoenix, CA and Las Vegas, which may lower operating costs and increase refined‑product margins for Phillips 66 if built to mid‑2029 in‑service target. Western Gateway Pipeline Reconfiguration Could Be A Game Changer For Phillips 66 (PSX)
• Positive Sentiment: Refining margin tailwind: Third‑party commentary highlights that rising crack spreads support Phillips 66’s refining profitability, which would boost near‑to‑medium‑term earnings if product demand and spreads persist. Phillips 66 (PSX) Is Expected to Benefit from Rising Crack Spreads
• Neutral Sentiment: Corporate social/renewables activity: Phillips 66 is partnering with Points of Light on a volunteer campaign and is named among renewable partners in a UCO recycling announcement — positive for PR and ESG positioning but limited direct near‑term financial impact. Points of Light Celebrates Global Volunteer Month and Launches Mobilizing Millions Campaign
• Neutral Sentiment: Supply‑chain/renewable feedstock cooperation: Restaurant Technologies reports large UCO collection with conversion partners including Phillips 66, signaling growing renewable diesel feedstock flows — strategic long‑run benefit but modest earnings effect in the near term. Restaurant Technologies Recycled Almost 400 Million Lbs of UCO in 2025
• Negative Sentiment: Jones Act waiver shipping move draws scrutiny: Phillips 66 loaded U.S. crude onto a foreign‑flagged tanker after a Jones Act waiver — a move that may raise regulatory, PR and logistics questions and could pressure the company’s domestic shipping premium or invite political scrutiny. Phillips 66 sending US oil on foreign-flagged tanker after Jones Act waiver
• Negative Sentiment: Earnings expectations and analyst posture weigh on near term: Several previews (Zacks/Yahoo) flag that Phillips 66 lacks the setup for an earnings beat in the upcoming report, and Scotiabank’s upgrade of its target to $151 still carries only a sector‑perform rating (implying limited upside vs. current levels). These items increase the risk of downside if results or guidance disappoint. Phillips 66 (PSX) May Report Negative Earnings: Know the Trend Ahead of Next Week’s Release

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PSX. Morgan Stanley raised shares of Phillips 66 from an “overweight” rating to an “overweight” rating in a research report on Friday. Mizuho lifted their price target on shares of Phillips 66 from $152.00 to $170.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Wall Street Zen cut shares of Phillips 66 from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Zacks Research cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Finally, TD Cowen lifted their price target on shares of Phillips 66 from $155.00 to $213.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Twelve analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.33.

Insider Activity at Phillips 66

In other news, EVP Brian Mandell sold 42,800 shares of Phillips 66 stock in a transaction that occurred 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 sale, the executive vice president owned 61,595 shares in the company, valued at $10,442,200.35. This trade represents a 41.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lisa Ann Davis sold 3,800 shares of Phillips 66 stock in a transaction that occurred 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 sale, the director owned 8,701 shares in the company, 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. Over the last three months, insiders have sold 95,923 shares of company stock valued at $16,399,619. 0.40% of the stock is currently owned by corporate insiders.

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.