Phillips 66 $PSX Stake Raised by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC lifted its holdings in shares of Phillips 66 (NYSE:PSX) by 14.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,068 shares of the oil and gas company’s stock after buying an additional 3,482 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Phillips 66 were worth $3,789,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in Phillips 66 by 238.5% during the 4th quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company’s stock valued at $1,166,000 after acquiring an additional 7,214 shares in the last quarter. Woodline Partners LP grew its stake in shares of Phillips 66 by 40.7% in the first quarter. Woodline Partners LP now owns 34,891 shares of the oil and gas company’s stock worth $4,308,000 after purchasing an additional 10,089 shares in the last quarter. Prudential PLC grew its stake in shares of Phillips 66 by 70.4% in the second quarter. Prudential PLC now owns 10,599 shares of the oil and gas company’s stock worth $1,264,000 after purchasing an additional 4,380 shares in the last quarter. DNB Asset Management AS increased its holdings in shares of Phillips 66 by 2.1% during the second quarter. DNB Asset Management AS now owns 79,027 shares of the oil and gas company’s stock valued at $9,428,000 after purchasing an additional 1,637 shares during the period. Finally, MAI Capital Management increased its holdings in shares of Phillips 66 by 7.2% during the second quarter. MAI Capital Management now owns 47,861 shares of the oil and gas company’s stock valued at $5,710,000 after purchasing an additional 3,197 shares during the period. 76.93% of the stock is owned by institutional investors.

Trending Headlines about Phillips 66

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

• Positive Sentiment: Refining‑margin tailwinds and company messaging on cash returns drove buying interest; market commentary points to wider gasoline/diesel crack spreads and Phillips 66’s investor materials emphasizing durable cash generation and cost reductions. Phillips 66 rises on refining-margin tailwinds
• Positive Sentiment: Macro supply risk — overseas oil prices jumped after attacks in the Gulf region — which typically boosts refiners’ ability to raise product prices and supports crack spreads. That broader commodity move helped lift PSX with the sector. Oil Prices Surge Overseas, Gold Slumps
• Positive Sentiment: Analyst interest and earnings‑estimate revisions are supportive — coverage notes PSX among broker‑favored names amid inflation and oil shocks, and recent upgrades/positive forecasts (e.g., Jefferies, Mizuho) add conviction. Higher trading volume accompanied recent gains. Phillips 66 (PSX) Surges 3.2%
• Neutral Sentiment: Liquidity update — PSX arranged a 364‑day $2.25B term loan, which boosts near‑term funding flexibility but adds short‑term debt; likely neutral for near‑term sentiment unless used for buybacks/dividends. Phillips 66 Secures New $2.25 Billion Term Loan
• Neutral Sentiment: Media and momentum mentions (CNBC/Benzinga) flagged PSX among notable trades, which can amplify short‑term flows but doesn’t change fundamentals. Okta, Phillips 66 And More: CNBC’s ‘Final Trades’
• Neutral Sentiment: Mixed institutional/analyst picture — Quiver/market data show substantial portfolio reshuffling and a wide range of price targets (median around $151), signaling divergent views that can increase volatility. Quiver Quantitative PSX analysis
• Negative Sentiment: Significant insider selling was reported (EVP sale ~ $7.26M), which can concern investors about timing of sales even though insider activity is not uncommon. That likely capped some upside after the rally. Insider Selling: Phillips 66 EVP Sells $7,255,884.00 in Stock

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Scotiabank reissued a “sector perform” rating and set a $140.00 target price on shares of Phillips 66 in a research note on Friday, January 16th. The Goldman Sachs Group increased their price objective on shares of Phillips 66 from $168.00 to $186.00 and gave the company a “neutral” rating in a report on Thursday, March 12th. Wolfe Research boosted their target price on Phillips 66 from $159.00 to $164.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. decreased their price target on Phillips 66 from $154.00 to $151.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.33.

Phillips 66 Stock Down 1.6%

PSX stock opened at $175.49 on Monday. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $179.01. The firm has a market cap of $70.32 billion, a PE ratio of 16.22, a P/E/G ratio of 0.61 and a beta of 0.86. The firm has a 50 day simple moving average of $154.88 and a 200 day simple moving average of $141.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 0.91.

Phillips 66 (NYSE:PSX) last issued its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.32. The firm had revenue of $32.16 billion during the quarter, compared to analysts’ expectations of $33.81 billion. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. During the same period last year, the firm posted ($0.15) earnings per share. Equities research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

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

Insiders Place Their Bets

In related news, EVP Vanessa Allen Sutherland sold 4,394 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $150.00, for a total value of $659,100.00. Following the completion of the transaction, the executive vice president owned 25,799 shares in the company, valued at $3,869,850. This trade represents a 14.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kevin J. Mitchell sold 16,856 shares of Phillips 66 stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $168.22, for a total value of $2,835,516.32. Following the completion of the transaction, the chief financial officer directly owned 97,376 shares in the company, valued at $16,380,590.72. This represents a 14.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 84,688 shares of company stock worth $14,066,145. Corporate insiders own 0.22% of the company’s stock.

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.