29,286 Shares in Phillips 66 $PSX Purchased by OP Asset Management Ltd

Posted by Francis Steltz on Jun 27th, 2026

OP Asset Management Ltd purchased a new stake in shares of Phillips 66 (NYSE:PSX – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,286 shares of the oil and gas company’s stock, valued at approximately $5,335,000.

Several other large investors have also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new stake in shares of Phillips 66 during the fourth quarter worth approximately $26,000. Accordant Advisory Group Inc boosted its holdings in shares of Phillips 66 by 900.0% in the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 180 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Phillips 66 in the 4th quarter worth approximately $27,000. SWAN Capital LLC grew its position in Phillips 66 by 1,055.6% during the 4th quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 190 shares during the last quarter. Finally, Stephens Consulting LLC grew its position in Phillips 66 by 67.7% during the 4th quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 90 shares during the last quarter. 76.93% of the stock is owned by institutional investors.

Insider Transactions at Phillips 66

In other news, Director Kevin Omar Meyers acquired 175 shares of the stock in a transaction that occurred on Wednesday, May 6th. The stock was purchased at an average cost of $173.12 per share, for a total transaction of $30,296.00. Following the completion of the transaction, the director directly owned 16,799 shares in the company, valued at $2,908,242.88. This trade represents a 1.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin J. Mitchell sold 600 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $171.56, for a total transaction of $102,936.00. Following the transaction, the chief financial officer owned 97,376 shares in the company, valued at approximately $16,705,826.56. The trade was a 0.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 45,629 shares of company stock valued at $8,071,540. Corporate insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on PSX. Morgan Stanley lifted their price objective on Phillips 66 from $180.00 to $196.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. increased their target price on Phillips 66 from $188.00 to $202.00 in a report on Thursday, April 30th. TD Cowen raised their target price on Phillips 66 from $155.00 to $213.00 and gave the company a “buy” rating in a research note on Wednesday, April 1st. Jefferies Financial Group lifted their price target on Phillips 66 from $173.00 to $191.00 and gave the company a “hold” rating in a report on Tuesday, May 26th. Finally, Tudor Pickering upgraded shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $192.33.

Get Our Latest Stock Report on Phillips 66

Phillips 66 Stock Performance

PSX stock opened at $171.84 on Friday. The company has a 50 day moving average price of $172.94 and a 200 day moving average price of $160.01. Phillips 66 has a fifty-two week low of $118.00 and a fifty-two week high of $190.61. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market capitalization of $68.90 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 0.24 and a beta of 0.68.

Phillips 66 (NYSE:PSX – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.03. The firm had revenue of $32.54 billion for the quarter, compared to analyst estimates of $35.86 billion. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned ($0.90) EPS. Analysts forecast that Phillips 66 will post 18.22 EPS for the current year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a $1.27 dividend. The ex-dividend date was Monday, May 18th. This represents a $5.08 annualized dividend and a yield of 3.0%. Phillips 66’s dividend payout ratio (DPR) is currently 50.05%.

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.