Caerus Investment Advisors LLC Buys Shares of 5,534 Phillips 66 $PSX

Caerus Investment Advisors LLC bought a new stake in shares of Phillips 66 (NYSE:PSX) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,534 shares of the oil and gas company’s stock, valued at approximately $753,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PSX. L2 Asset Management LLC boosted its position in Phillips 66 by 4.0% during the 3rd quarter. L2 Asset Management LLC now owns 1,893 shares of the oil and gas company’s stock valued at $257,000 after purchasing an additional 72 shares during the period. Mesirow Financial Investment Management Inc. increased its position in Phillips 66 by 0.5% in the third quarter. Mesirow Financial Investment Management Inc. now owns 15,658 shares of the oil and gas company’s stock worth $2,130,000 after buying an additional 73 shares during the period. KCM Investment Advisors LLC lifted its stake in Phillips 66 by 1.6% in the third quarter. KCM Investment Advisors LLC now owns 4,636 shares of the oil and gas company’s stock valued at $631,000 after buying an additional 74 shares during the last quarter. Heck Capital Advisors LLC lifted its stake in Phillips 66 by 1.2% in the third quarter. Heck Capital Advisors LLC now owns 6,124 shares of the oil and gas company’s stock valued at $833,000 after buying an additional 75 shares during the last quarter. Finally, Portside Wealth Group LLC boosted its holdings in shares of Phillips 66 by 3.8% during the third quarter. Portside Wealth Group LLC now owns 2,033 shares of the oil and gas company’s stock valued at $277,000 after acquiring an additional 75 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Kevin J. Mitchell sold 16,856 shares of Phillips 66 stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $168.22, for a total transaction of $2,835,516.32. Following the transaction, the chief financial officer directly owned 97,376 shares in the company, valued at approximately $16,380,590.72. This trade represents a 14.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kevin Omar Meyers acquired 175 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was purchased at an average cost of $173.20 per share, for a total transaction of $30,310.00. Following the purchase, the director directly owned 16,624 shares in the company, valued at approximately $2,879,276.80. This represents a 1.06% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 84,688 shares of company stock valued at $14,066,145 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Phillips 66 Stock Performance

PSX stock opened at $172.83 on Wednesday. The company has a 50-day simple moving average of $152.83 and a 200 day simple moving average of $140.74. The company has a market capitalization of $69.26 billion, a P/E ratio of 15.97, a PEG ratio of 0.60 and a beta of 0.86. The company has a quick ratio of 0.91, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $178.38.

Phillips 66 (NYSE:PSX) last released its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.15 by $0.32. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. The firm had revenue of $32.16 billion for the quarter, compared to analysts’ expectations of $33.81 billion. During the same quarter last year, the company earned ($0.15) EPS. Sell-side analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were issued a dividend of $1.27 per share. The ex-dividend date of this dividend was Monday, February 23rd. This is a positive change from Phillips 66’s previous quarterly dividend of $1.20. This represents a $5.08 annualized dividend and a yield of 2.9%. Phillips 66’s dividend payout ratio is presently 46.95%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of Phillips 66 in a report on Friday, February 6th. Citigroup upped their target price on shares of Phillips 66 from $146.00 to $159.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Zacks Research lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Raymond James Financial boosted their price objective on Phillips 66 from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Finally, Barclays set a $158.00 price objective on Phillips 66 in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.33.

Key Stories Impacting Phillips 66

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

• Positive Sentiment: Jefferies upgraded PSX from “hold” to “strong‑buy”, which can attract buyer interest and support the stock. Jefferies Upgrade
• Positive Sentiment: Board/executive-friendly cash return: Phillips 66 recently raised its quarterly dividend to $1.27 (paid Mar 4), boosting yield and income appeal for yield‑seeking investors. Dividend Notice
• Positive Sentiment: Director Kevin Omar Meyers bought 175 shares (~$30.3k), a small but supportive insider purchase disclosed to the SEC. Kevin Meyers SEC Filing
• Neutral Sentiment: Piper Sandler presentation transcript was released (investor / management commentary available), which may provide operational color but no headline surprises reported so far. Conference Transcript
• Neutral Sentiment: Mizuho raised its price target to $170 but kept a “neutral” rating — the PT is near current levels, so it’s not a clear catalyst. Mizuho Note
• Neutral Sentiment: Analyst/ownership backdrop: mixed analyst ratings (buy/hold split) and steady institutional ownership; recent quarterly EPS beat (Feb 4) but revenue missed consensus — a mixed fundamentals picture that tempers large moves. Analyst & Earnings Summary
• Negative Sentiment: Large insider sales: EVP Brian Mandell sold 42,800 shares (~$7.26M), a significant reduction in insider holdings that can pressure sentiment. Mandell SEC Filing
• Negative Sentiment: Director Lisa Ann Davis sold 3,800 shares (~$662.6k), trimming her stake by ~30%, another sign of insider selling pressure. Davis Sale

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.