Phillips 66 (NYSE:PSX – Get Free Report) EVP Richard Harbison sold 52,100 shares of Phillips 66 stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 39,094 shares in the company, valued at $8,747,673.44. This trade represents a 57.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Phillips 66 Stock Up 3.1%
NYSE:PSX traded up $6.97 on Thursday, hitting $232.55. 2,388,572 shares of the company’s stock were exchanged, compared to its average volume of 2,828,405. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.32 and a quick ratio of 1.00. The firm has a 50-day moving average price of $190.75 and a 200-day moving average price of $174.91. The company has a market cap of $92.79 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 0.16 and a beta of 0.68. Phillips 66 has a 52 week low of $119.80 and a 52 week high of $232.89.
Phillips 66 (NYSE:PSX – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $9.41 EPS for the quarter, beating the consensus estimate of $7.50 by $1.91. Phillips 66 had a return on equity of 19.93% and a net margin of 4.54%.The firm had revenue of $52.04 billion during the quarter, compared to analysts’ expectations of $43.60 billion. During the same period in the prior year, the firm posted $2.38 earnings per share. As a group, analysts expect that Phillips 66 will post 24.44 EPS for the current fiscal year.
Phillips 66 Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be given a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, August 18th. Phillips 66’s dividend payout ratio (DPR) is presently 28.95%.
Institutional Trading of Phillips 66
Large investors have recently modified their holdings of the stock. Eagle Bay Advisors LLC bought a new stake in Phillips 66 in the 4th quarter valued at about $27,000. NFSG Corp raised its position in Phillips 66 by 105.6% in the 1st quarter. NFSG Corp now owns 146 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. Axiom Investment Management LLC bought a new position in shares of Phillips 66 during the first quarter valued at about $27,000. SWAN Capital LLC boosted its stake in shares of Phillips 66 by 1,055.6% in the 4th quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock worth $27,000 after buying an additional 190 shares during the last quarter. Finally, Compass Financial Management LLC purchased a new position in Phillips 66 in the second quarter worth $28,000. Institutional investors and hedge funds own 76.93% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. Guggenheim upgraded shares of Phillips 66 to an “outperform” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of Phillips 66 from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 26th. Morgan Stanley lifted their price target on Phillips 66 from $180.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. The Goldman Sachs Group upped their price objective on shares of Phillips 66 from $207.00 to $235.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Piper Sandler increased their target price on Phillips 66 from $208.00 to $209.00 and gave the company a “neutral” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $206.56.
View Our Latest Analysis on Phillips 66
More Phillips 66 News
Here are the key news stories impacting Phillips 66 this week:
- Positive Sentiment: Refining margins and cash flow remain powerful catalysts. Phillips 66’s second-quarter refining margin reached $24.08 per barrel, while debt declined by $6.6 billion. Strong fuel margins, partly linked to supply disruptions, helped Phillips 66, Marathon Petroleum and Valero generate combined second-quarter profits of $12.6 billion. Phillips 66 Q2 2026 Earnings Call Transcript
- Positive Sentiment: Buybacks and dividends support the stock. The three refiners returned $6.3 billion to shareholders during the quarter, more than double the prior year’s amount. Phillips 66 also has a $10 billion share-repurchase authorization and recently declared a quarterly dividend of $1.27 per share, reinforcing the investment case. US refiners ramp up buybacks as Iran war boosts fuel margins
- Positive Sentiment: Analyst support and infrastructure expansion add optimism. J.P. Morgan maintained its Buy rating, while the Western Gateway joint venture approved a roughly $5 billion, 1,300-mile refined-products pipeline. The project could create long-term logistics revenue by connecting Midcontinent and Gulf Coast supplies with Western markets. J.P. Morgan Sticks to Its Buy Rating for Phillips 66
- Neutral Sentiment: Valuation is becoming a consideration. Zacks noted that PSX’s premium valuation is supported by strong refining margins, diversified cash flows and debt reduction, but cautioned that regulatory risks remain. Sustaining elevated margins will be important because refining earnings are cyclical.
- Negative Sentiment: Insider selling may weigh on near-term sentiment. EVP Brian Mandell sold 33,300 shares for approximately $7.2 million, while another insider sold about $1.7 million after exercising options. These sales followed a strong quarter and may represent profit-taking or option-related transactions, but they reduce perceived insider conviction. Phillips 66 EVP Sells Stock
About Phillips 66
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.
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