Phillips 66 $PSX Stock Holdings Lessened by Convergence Investment Partners LLC

Posted by Francis Steltz on May 16th, 2026

Convergence Investment Partners LLC reduced its holdings in Phillips 66 (NYSE:PSX – Free Report) by 13.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 22,695 shares of the oil and gas company’s stock after selling 3,644 shares during the period. Convergence Investment Partners LLC’s holdings in Phillips 66 were worth $2,929,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. GHP Investment Advisors Inc. lifted its position in shares of Phillips 66 by 2.3% in the 4th quarter. GHP Investment Advisors Inc. now owns 3,210 shares of the oil and gas company’s stock worth $414,000 after buying an additional 72 shares during the last quarter. L2 Asset Management LLC lifted its position in shares of Phillips 66 by 4.0% in the 3rd quarter. L2 Asset Management LLC now owns 1,893 shares of the oil and gas company’s stock worth $257,000 after buying an additional 72 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its position 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 worth $2,130,000 after buying an additional 73 shares during the last quarter. KCM Investment Advisors LLC lifted its position in shares of 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 worth $631,000 after buying an additional 74 shares during the last quarter. Finally, Abacus Planning Group Inc. increased its holdings in shares of Phillips 66 by 3.9% in the 4th quarter. Abacus Planning Group Inc. now owns 1,989 shares of the oil and gas company’s stock worth $257,000 after acquiring an additional 74 shares during the period. 76.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PSX has been the topic of a number of analyst reports. Barclays increased their price objective on shares of Phillips 66 from $158.00 to $177.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Piper Sandler increased their price objective on shares of Phillips 66 from $168.00 to $177.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Weiss Ratings cut shares of Phillips 66 from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Mizuho increased 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. Finally, Citigroup increased their price objective on shares of Phillips 66 from $159.00 to $183.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $186.28.

Check Out Our Latest Analysis on Phillips 66

Phillips 66 Stock Up 2.9%

Phillips 66 stock opened at $176.42 on Friday. The stock has a market cap of $70.73 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 0.26 and a beta of 0.70. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $170.79 and its two-hundred day moving average price is $151.81. Phillips 66 has a 52 week low of $109.75 and a 52 week high of $190.61.

Phillips 66 (NYSE:PSX – Get Free Report) last released its earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 EPS for the quarter, beating the consensus estimate of ($0.54) by $1.03. The firm had revenue of $32.54 billion for the quarter, compared to analysts’ expectations of $35.86 billion. Phillips 66 had a net margin of 2.99% and a return on equity of 10.98%. Phillips 66’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.90) EPS. On average, analysts expect that Phillips 66 will post 17.39 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a dividend of $1.27 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $5.08 annualized dividend and a yield of 2.9%. Phillips 66’s dividend payout ratio (DPR) is presently 50.05%.

Insider Activity

In other news, CFO Kevin J. Mitchell sold 29,400 shares of Phillips 66 stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $170.00, for a total value of $4,998,000.00. Following the transaction, the chief financial officer owned 97,376 shares of the company’s stock, valued at $16,553,920. The trade was a 23.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lisa Ann Davis sold 3,800 shares of Phillips 66 stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $174.37, for a total transaction of $662,606.00. Following the completion of the transaction, the director directly owned 8,701 shares in the company, valued at $1,517,193.37. This represents a 30.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 121,529 shares of company stock worth $20,841,455 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

Phillips 66 Company Profile

(Free Report)

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.