Saturna Capital Corp Boosts Stock Position in Phillips 66 $PSX

Posted by Brian Himes on Jul 22nd, 2026

Saturna Capital Corp lifted its stake in Phillips 66 (NYSE:PSX – Free Report) by 48.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 8,334 shares of the oil and gas company’s stock after purchasing an additional 2,710 shares during the period. Saturna Capital Corp’s holdings in Phillips 66 were worth $1,518,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related 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 price of $173.12 per share, with a total value of $30,296.00. Following the transaction, the director owned 16,799 shares of the company’s stock, valued at approximately $2,908,242.88. This trade represents a 1.05% increase in their position. The acquisition was disclosed in a filing with the SEC, 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 shares were sold at an average price of $170.00, for a total transaction of $4,998,000.00. Following the completion of the sale, the chief financial officer owned 97,376 shares of the company’s stock, valued at $16,553,920. This trade represents a 23.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,021 shares of company stock valued at $7,195,257 in the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

Phillips 66 Stock Up 1.6%

Shares of PSX opened at $212.09 on Wednesday. The company’s 50-day moving average price is $180.44 and its 200 day moving average price is $166.89. Phillips 66 has a 12-month low of $118.07 and a 12-month high of $212.39. 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 firm has a market cap of $85.03 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 0.27 and a beta of 0.69.

Phillips 66 (NYSE:PSX – Get Free Report) last announced its earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share for the quarter, topping the consensus estimate of ($0.54) by $1.03. Phillips 66 had a net margin of 2.99% and a return on equity of 10.98%. The company had revenue of $32.54 billion during the quarter, compared to analyst estimates of $35.86 billion. During the same quarter last year, the firm posted ($0.90) earnings per share. Phillips 66’s revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts forecast that Phillips 66 will post 19.84 earnings per share for the current year.

Phillips 66 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, August 18th. Phillips 66’s dividend payout ratio is currently 50.05%.

Analyst Ratings Changes

Several equities analysts have weighed in on PSX shares. JPMorgan Chase & Co. boosted their target price on shares of Phillips 66 from $188.00 to $202.00 in a report on Thursday, April 30th. Jefferies Financial Group raised their price target on shares of Phillips 66 from $191.00 to $207.00 and gave the stock a “hold” rating in a report on Thursday, July 9th. BMO Capital Markets lifted their price target on shares of Phillips 66 from $195.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Tudor Pickering upgraded Phillips 66 from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Finally, Zacks Research lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Phillips 66 currently has a consensus rating of “Moderate Buy” and an average price target of $197.17.

Read Our Latest Report on Phillips 66

Phillips 66 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.