RFG Advisory LLC Sells 7,381 Shares of Phillips 66 $PSX

Posted by George Bondi on Sep 12th, 2026

RFG Advisory LLC cut its holdings in Phillips 66 (NYSE:PSX – Free Report) by 49.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,609 shares of the oil and gas company’s stock after selling 7,381 shares during the period. RFG Advisory LLC’s holdings in Phillips 66 were worth $1,286,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. NFSG Corp increased its position in Phillips 66 by 105.6% in the first quarter. NFSG Corp now owns 146 shares of the oil and gas company’s stock worth $27,000 after buying an additional 75 shares in the last quarter. Axiom Investment Management LLC purchased a new position in shares of Phillips 66 during the 1st quarter valued at about $27,000. Compass Financial Management LLC bought a new position in shares of Phillips 66 during the 2nd quarter valued at approximately $28,000. Kelleher Financial Advisors bought a new position in shares of Phillips 66 during the 2nd quarter valued at approximately $29,000. Finally, J.Safra Asset Management Corp purchased a new stake in Phillips 66 in the 2nd quarter worth approximately $30,000. Institutional investors own 76.93% of the company’s stock.

Insider Activity

In related news, EVP Richard Harbison sold 52,100 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $8,747,673.44. This represents a 57.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Vanessa Sutherland sold 3,523 shares of the stock in a transaction dated 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 directly owned 27,537 shares in the company, valued at $5,811,683.85. This trade represents a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 100,507 shares of company stock valued at $21,770,810 in the last quarter. 0.40% of the stock is currently owned by company insiders.

Phillips 66 Stock Performance

NYSE:PSX opened at $259.66 on Friday. The firm has a market capitalization of $103.61 billion, a PE ratio of 14.80, a PEG ratio of 0.19 and a beta of 0.71. The stock’s fifty day moving average is $222.85 and its 200 day moving average is $189.43. Phillips 66 has a fifty-two week low of $126.74 and a fifty-two week high of $265.43. 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 posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $9.41 EPS for the quarter, topping the consensus estimate of $7.50 by $1.91. Phillips 66 had a net margin of 4.54% and a return on equity of 19.93%. The company had revenue of $52.04 billion during the quarter, compared to analyst estimates of $43.60 billion. During the same period in the previous year, the firm earned $2.38 earnings per share. On average, sell-side analysts anticipate that Phillips 66 will post 24.47 earnings per share for the current year.

Phillips 66 announced that its Board of Directors has initiated a share buyback program 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 repurchase up to 11.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Phillips 66 Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PSX shares. Jefferies Financial Group raised their price objective on shares of Phillips 66 from $191.00 to $207.00 and gave the company a “hold” rating in a research report on Thursday, July 9th. The Goldman Sachs Group upped their target price on shares of Phillips 66 from $207.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Mizuho upgraded Phillips 66 from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $170.00 to $212.00 in a research note on Wednesday, May 27th. Piper Sandler raised their price target on Phillips 66 from $209.00 to $264.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Finally, Raymond James Financial boosted their price objective on Phillips 66 from $218.00 to $235.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $222.76.

Read Our Latest Research Report on Phillips 66

Phillips 66 Company Profile

(Free Report)

Phillips 66 (NYSE: PSX) is an energy company that operates across the midstream, chemicals, refining and marketing sectors. Headquartered in Houston, Texas, the company was established in 2012 when ConocoPhillips separated its downstream businesses into an independent company.

The company’s midstream operations include transportation, processing, storage and other infrastructure for crude oil, natural gas and natural gas liquids. Phillips 66 also owns and operates refineries that process crude oil into transportation fuels, lubricants, specialty products and other refined petroleum products.

Phillips 66 markets gasoline, diesel and other fuels under the Phillips 66, Conoco and 76 brands, primarily in the United States.