Farringdon Capital Ltd. Purchases Shares of 2,058 Phillips 66 $PSX

Posted by Brian Himes on Aug 23rd, 2026

Farringdon Capital Ltd. acquired a new position in shares of Phillips 66 (NYSE:PSX – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,058 shares of the oil and gas company’s stock, valued at approximately $348,000.

Other hedge funds also recently modified their holdings of the company. NFSG Corp boosted its holdings in shares of Phillips 66 by 105.6% in the 1st quarter. NFSG Corp now owns 146 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Axiom Investment Management LLC acquired a new stake in Phillips 66 during the 1st quarter valued at $27,000. SWAN Capital LLC raised its position in 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 valued at $27,000 after purchasing an additional 190 shares during the last quarter. Kelleher Financial Advisors bought a new position in Phillips 66 in the 2nd quarter valued at $29,000. Finally, J.Safra Asset Management Corp acquired a new position in Phillips 66 in the second quarter worth $30,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Up 1.4%

NYSE PSX opened at $243.34 on Friday. The stock has a fifty day moving average of $198.87 and a 200-day moving average of $179.44. The stock has a market capitalization of $97.10 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.18 and a beta of 0.68. Phillips 66 has a 52 week low of $124.88 and a 52 week high of $246.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.32.

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

Phillips 66 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, August 18th. Phillips 66’s payout ratio is currently 28.95%.

Phillips 66 announced that its Board of Directors has approved a stock repurchase plan on Friday, July 31st that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the oil and gas company to reacquire up to 11.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have recently commented on PSX. Jefferies Financial Group increased their target price on Phillips 66 from $191.00 to $207.00 and gave the stock a “hold” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. upped their price target on shares of Phillips 66 from $188.00 to $202.00 in a research report on Thursday, April 30th. Piper Sandler increased their price objective on shares of Phillips 66 from $208.00 to $209.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Mizuho raised shares of Phillips 66 from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $170.00 to $212.00 in a report on Wednesday, May 27th. Finally, TD Cowen raised their price objective on shares of Phillips 66 from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $206.56.

View Our Latest Research Report on PSX

Insider Buying and Selling at Phillips 66

In related news, EVP Richard G. Harbison sold 52,100 shares of the business’s 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Brian Mandell sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $215.00, for a total transaction of $6,450,000.00. Following the sale, the executive vice president directly owned 61,595 shares of the company’s stock, valued at approximately $13,242,925. This trade represents a 32.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 100,507 shares of company stock valued at $21,770,810. 0.40% of the stock is currently owned by company insiders.

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.