Thrivent Financial for Lutherans Cuts Stock Holdings in Phillips 66 $PSX

Thrivent Financial for Lutherans lessened its position in Phillips 66 (NYSE:PSX) by 35.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 27,136 shares of the oil and gas company’s stock after selling 15,069 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Phillips 66 were worth $3,691,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. acquired a new stake in Phillips 66 during the 2nd quarter worth $25,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Phillips 66 in the second quarter valued at about $32,000. Winnow Wealth LLC purchased a new position in shares of Phillips 66 in the third quarter worth about $36,000. Twin Peaks Wealth Advisors LLC acquired a new position in Phillips 66 during the second quarter worth about $38,000. Finally, Operose Advisors LLC grew its stake in Phillips 66 by 260.4% during the 2nd quarter. Operose Advisors LLC now owns 346 shares of the oil and gas company’s stock valued at $41,000 after acquiring an additional 250 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Price Performance

Shares of PSX opened at $157.75 on Monday. The firm has a 50-day simple moving average of $138.47 and a two-hundred day simple moving average of $133.78. The stock has a market cap of $63.56 billion, a PE ratio of 14.58, a P/E/G ratio of 0.58 and a beta of 0.90. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $159.15. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.23 and a quick ratio of 0.87.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.15 by $0.32. The firm had revenue of $32.16 billion for the quarter, compared to analyst estimates of $33.81 billion. Phillips 66 had a net margin of 3.22% and a return on equity of 9.28%. During the same period in the prior year, the business posted ($0.15) EPS. As a group, analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on PSX shares. Scotiabank reissued a “sector perform” rating and issued a $140.00 target price on shares of Phillips 66 in a research note on Friday, January 16th. Wolfe Research lifted their price objective on Phillips 66 from $159.00 to $164.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Zacks Research cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Jefferies Financial Group lifted their price target on Phillips 66 from $137.00 to $149.00 and gave the stock a “hold” rating in a report on Monday, January 26th. Finally, UBS Group reissued a “buy” rating and set a $172.00 price target on shares of Phillips 66 in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, Phillips 66 currently has a consensus rating of “Hold” and a consensus target price of $156.41.

More Phillips 66 News

Here are the key news stories impacting Phillips 66 this week:

• Positive Sentiment: Q4 earnings beat — Phillips 66 reported $2.47 EPS vs. $2.15 consensus, with improving refining margins and stronger midstream volumes that bolster cash flow and support the company’s growth narrative. PSX Q4 2025 Earnings Highlights
• Positive Sentiment: Management emphasizes midstream-led growth — management told investors the firm is leaning into fee-based midstream businesses to reduce cyclicality and grow stable cash flow, a strategic positive for valuation and dividend coverage. Earnings Call: Midstream-Led Growth
• Positive Sentiment: Analyst upgrade / higher price target from Wells Fargo — Wells Fargo raised its PT to $163 with an overweight rating, signaling incremental upside and helping investor sentiment. Wells Fargo Raises PSX Price Target
• Neutral Sentiment: Morgan Stanley raised its price target to $147 but kept an equal-weight rating — the uplift is constructive, though the target remains below current market levels, producing a mixed signal. Morgan Stanley Price Target Update
• Negative Sentiment: Los Angeles refinery shutdown and layoffs — Phillips 66 is winding down operations at its last California refinery and will cut a large portion of local jobs; this could lower future refining throughput, trigger one‑time costs and attract regulatory/PR scrutiny. Refinery Shutdown / Layoffs
• Negative Sentiment: Insider sale — EVP Vanessa Allen Sutherland sold ~4,394 shares at about $150; not large for the company but can be perceived negatively by some investors. SEC Form 4: Insider Sale

Insiders Place Their Bets

In related news, EVP Brian Mandell sold 26,200 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $137.68, for a total transaction of $3,607,216.00. Following the transaction, the executive vice president owned 56,838 shares of the company’s stock, valued at approximately $7,825,455.84. This represents a 31.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $150.00, for a total value of $659,100.00. Following the transaction, the executive vice president owned 25,799 shares of the company’s stock, valued at $3,869,850. This trade represents a 14.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 60,488 shares of company stock worth $8,474,466 over the last 90 days. 0.22% of the stock is owned by insiders.

Phillips 66 Company Profile

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.