Legacy Financial Advisors Inc. Has $622,000 Stock Position in Phillips 66 $PSX

Posted by Brenda Bartman on Sep 2nd, 2026

Legacy Financial Advisors Inc. cut its holdings in Phillips 66 (NYSE:PSX – Free Report) by 57.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,678 shares of the oil and gas company’s stock after selling 4,867 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Phillips 66 were worth $622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PSX. BlackRock Inc. bought a new position in Phillips 66 during the second quarter worth $5,766,779,000. Bank of New York Mellon Corp bought a new stake in Phillips 66 in the second quarter valued at $1,093,206,000. Norges Bank acquired a new position in shares of Phillips 66 during the fourth quarter valued at about $640,206,000. Bank of America Corp DE bought a new position in shares of Phillips 66 during the 2nd quarter worth about $469,970,000. Finally, Legal & General Group Plc bought a new position in shares of Phillips 66 during the 2nd quarter worth about $303,648,000. 76.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Phillips 66 news, EVP Richard G. Harbison sold 52,100 shares of Phillips 66 stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $223.76, for a total transaction of $11,657,896.00. Following the transaction, the executive vice president directly owned 39,094 shares of the company’s stock, valued at $8,747,673.44. The trade was a 57.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vanessa Allen Sutherland sold 3,523 shares of the company’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $211.05, for a total transaction of $743,529.15. Following the completion of the sale, the executive vice president owned 27,537 shares of the company’s stock, valued at approximately $5,811,683.85. The trade was a 11.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 100,507 shares of company stock worth $21,770,810. 0.40% of the stock is owned by corporate insiders.

Phillips 66 Trading Up 2.1%

PSX opened at $251.77 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.32 and a quick ratio of 1.00. Phillips 66 has a fifty-two week low of $126.74 and a fifty-two week high of $252.05. The firm has a market capitalization of $100.46 billion, a PE ratio of 14.35, a P/E/G ratio of 0.18 and a beta of 0.71. The company’s 50-day moving average is $209.30 and its 200 day moving average is $184.03.

Phillips 66 (NYSE:PSX – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $9.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.50 by $1.91. The business had revenue of $52.04 billion during the quarter, compared to the consensus estimate of $43.60 billion. Phillips 66 had a return on equity of 19.93% and a net margin of 4.54%.During the same quarter in the previous year, the business earned $2.38 EPS. As a group, research analysts predict that Phillips 66 will post 23.86 earnings per share for the current fiscal year.

Phillips 66 declared that its board has authorized a stock repurchase program on Friday, July 31st that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the oil and gas company to purchase up to 11.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th were given a dividend of $1.27 per share. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $5.08 annualized dividend and a dividend yield of 2.0%. Phillips 66’s payout ratio is presently 28.95%.

Wall Street Analysts Forecast Growth

PSX has been the subject of a number of research analyst reports. UBS Group upped their price target on Phillips 66 from $212.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Raymond James Financial raised their price objective on Phillips 66 from $218.00 to $235.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Morgan Stanley boosted 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. Argus upped their target price on Phillips 66 from $185.00 to $197.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, Wells Fargo & Company increased their target price on Phillips 66 from $239.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.89.

View Our Latest Report on PSX

About Phillips 66

(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.