Phillips 66 (NYSE:PSX) Short Interest Update

Posted by George Bondi on Sep 2nd, 2026

Phillips 66 (NYSE:PSX – Get Free Report) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 4,945,738 shares, a decline of 33.0% from the July 30th total of 7,381,797 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 2,839,091 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

Several research firms recently commented on PSX. Raymond James Financial upped 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. Weiss Ratings raised Phillips 66 from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. Zacks Research lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Argus upped their price target on Phillips 66 from $185.00 to $197.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, The Goldman Sachs Group increased their price target on Phillips 66 from $207.00 to $235.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $211.89.

Get Our Latest Report on Phillips 66

Insiders Place Their Bets

In related news, EVP Richard G. Harbison sold 52,100 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $223.76, for a total value of $11,657,896.00. Following the transaction, the executive vice president directly owned 39,094 shares of the company’s stock, valued at approximately $8,747,673.44. The trade was a 57.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brian Mandell sold 30,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $215.00, for a total transaction of $6,450,000.00. Following the transaction, the executive vice president owned 61,595 shares of the company’s stock, valued at approximately $13,242,925. The trade was a 32.75% decrease in their position. The SEC filing for this sale provides additional information. Over 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.

Institutional Trading of Phillips 66

A number of institutional investors have recently added to or reduced their stakes in the stock. NFSG Corp grew its position in shares of Phillips 66 by 105.6% during the 1st quarter. NFSG Corp now owns 146 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Axiom Investment Management LLC bought a new position in shares of Phillips 66 during the 1st quarter valued at about $27,000. SWAN Capital LLC raised its stake in shares of Phillips 66 by 1,055.6% during the fourth quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 190 shares in the last quarter. Compass Financial Management LLC bought a new stake in shares of Phillips 66 in the 2nd quarter worth approximately $28,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of Phillips 66 in the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Up 2.1%

PSX opened at $251.77 on Wednesday. The company has a 50 day moving average of $209.30 and a 200 day moving average of $184.03. The company has a market cap of $100.46 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 0.18 and a beta of 0.71. Phillips 66 has a 12 month low of $126.74 and a 12 month high of $252.05. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57.

Phillips 66 (NYSE:PSX – Get Free Report) last issued its 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. Phillips 66 had a net margin of 4.54% and a return on equity of 19.93%. The business had revenue of $52.04 billion for the quarter, compared to analysts’ expectations of $43.60 billion. During the same quarter in the previous year, the firm posted $2.38 EPS. On average, sell-side analysts expect that Phillips 66 will post 23.86 EPS for the current year.

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

Phillips 66 Announces Dividend

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

About Phillips 66

(Get 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.