Swiss National Bank Increases Holdings in Phillips 66 $PSX

Posted by Brian Himes on Jul 20th, 2026

Swiss National Bank lifted its stake in shares of Phillips 66 (NYSE:PSX – Free Report) by 6.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,182,450 shares of the oil and gas company’s stock after purchasing an additional 75,100 shares during the quarter. Swiss National Bank’s holdings in Phillips 66 were worth $215,419,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PSX. MUFG Securities EMEA plc increased its position in shares of Phillips 66 by 113.5% in the fourth quarter. MUFG Securities EMEA plc now owns 16,518 shares of the oil and gas company’s stock worth $2,131,000 after purchasing an additional 8,783 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Phillips 66 by 17.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,371,804 shares of the oil and gas company’s stock worth $177,018,000 after buying an additional 199,646 shares during the last quarter. Truist Financial Corp raised its position in shares of Phillips 66 by 1.6% during the 4th quarter. Truist Financial Corp now owns 675,084 shares of the oil and gas company’s stock valued at $87,113,000 after buying an additional 10,585 shares in the last quarter. Horizon Investments LLC lifted its holdings in shares of Phillips 66 by 478.4% during the 4th quarter. Horizon Investments LLC now owns 63,290 shares of the oil and gas company’s stock worth $8,167,000 after acquiring an additional 52,348 shares during the last quarter. Finally, Royal Fund Management LLC lifted its holdings in shares of Phillips 66 by 20.6% during the 4th quarter. Royal Fund Management LLC now owns 53,901 shares of the oil and gas company’s stock worth $6,958,000 after acquiring an additional 9,214 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Phillips 66 stock opened at $206.96 on Monday. The firm has a fifty day simple moving average of $179.03 and a two-hundred day simple moving average of $165.75. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.63. Phillips 66 has a twelve month low of $118.07 and a twelve month high of $207.14. The company has a market capitalization of $82.97 billion, a PE ratio of 20.39, a P/E/G ratio of 0.27 and a beta of 0.69.

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 earnings per share (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 analysts’ expectations of $35.86 billion. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.90) earnings per share. Research analysts expect that Phillips 66 will post 19.84 EPS for the current year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be issued a dividend of $1.27 per share. The ex-dividend date is Tuesday, August 18th. This represents a $5.08 annualized dividend and a yield of 2.5%. Phillips 66’s dividend payout ratio is currently 50.05%.

Insider Activity at Phillips 66

In related news, Director Kevin Omar Meyers purchased 175 shares of Phillips 66 stock in a transaction that occurred on Wednesday, May 6th. The shares were acquired at an average cost of $173.12 per share, for a total transaction of $30,296.00. Following the transaction, the director directly owned 16,799 shares in the company, valued at $2,908,242.88. The trade was a 1.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin J. Mitchell sold 29,400 shares of Phillips 66 stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $170.00, for a total value of $4,998,000.00. Following the completion of the transaction, the chief financial officer directly owned 97,376 shares in the company, valued at $16,553,920. This trade represents a 23.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 41,021 shares of company stock worth $7,195,257. 0.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PSX has been the subject of several research analyst reports. Wall Street Zen lowered Phillips 66 from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Morgan Stanley raised their price objective on Phillips 66 from $180.00 to $196.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Piper Sandler boosted their target price on Phillips 66 from $168.00 to $177.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Scotiabank upped their target price on Phillips 66 from $140.00 to $151.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Mizuho upgraded shares of Phillips 66 from a “neutral” rating to an “outperform” rating and increased their price target for the company from $170.00 to $212.00 in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $196.06.

Read Our Latest Stock Analysis on Phillips 66

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.