Phillips 66 $PSX Shares Sold by Eldred Rock Partners LLC

Eldred Rock Partners LLC reduced its holdings in shares of Phillips 66 (NYSE:PSX) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,041 shares of the oil and gas company’s stock after selling 11,010 shares during the quarter. Phillips 66 accounts for about 3.0% of Eldred Rock Partners LLC’s investment portfolio, making the stock its 18th largest holding. Eldred Rock Partners LLC’s holdings in Phillips 66 were worth $11,619,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Phillips 66 by 11.6% in the third quarter. Vanguard Group Inc. now owns 51,724,558 shares of the oil and gas company’s stock valued at $7,035,574,000 after acquiring an additional 5,356,558 shares in the last quarter. Elliott Investment Management L.P. grew its holdings in Phillips 66 by 22.4% during the 2nd quarter. Elliott Investment Management L.P. now owns 19,251,000 shares of the oil and gas company’s stock worth $2,296,644,000 after acquiring an additional 3,526,000 shares in the last quarter. Amundi increased its position in shares of Phillips 66 by 2.8% in the 3rd quarter. Amundi now owns 2,400,180 shares of the oil and gas company’s stock worth $319,123,000 after purchasing an additional 65,568 shares during the last quarter. Legal & General Group Plc increased its position in shares of Phillips 66 by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 2,276,036 shares of the oil and gas company’s stock worth $309,586,000 after purchasing an additional 33,397 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Phillips 66 by 424.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,893,195 shares of the oil and gas company’s stock valued at $257,512,000 after purchasing an additional 1,532,389 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Activity

In other Phillips 66 news, EVP Don Baldridge sold 7,500 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $160.00, for a total value of $1,200,000.00. Following the sale, the executive vice president directly owned 38,488 shares of the company’s stock, valued at $6,158,080. This trade represents a 16.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lisa Ann Davis sold 3,800 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $174.37, for a total value of $662,606.00. Following the completion of the sale, the director owned 8,701 shares in the company, valued at $1,517,193.37. The trade was a 30.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 100,317 shares of company stock worth $17,036,749 over the last 90 days. Insiders own 0.22% of the company’s stock.

Phillips 66 Price Performance

PSX opened at $176.17 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $162.40 and its 200 day moving average price is $144.63. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $190.61. The firm has a market cap of $70.60 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 0.31 and a beta of 0.76.

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

Phillips 66 Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on PSX. UBS Group increased their price target on shares of Phillips 66 from $172.00 to $212.00 and gave the stock a “buy” rating in a research report on Thursday. Wall Street Zen upgraded Phillips 66 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th. BMO Capital Markets reiterated an “outperform” rating and issued a $170.00 target price on shares of Phillips 66 in a research report on Friday, February 6th. Wolfe Research boosted their price target on Phillips 66 from $159.00 to $164.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Finally, Barclays set a $158.00 price target on Phillips 66 in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Phillips 66 currently has a consensus rating of “Moderate Buy” and an average price target of $171.78.

Phillips 66 News Roundup

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

• Positive Sentiment: Multiple brokerages raised price targets and reiterated buy ratings (UBS to $212, TD Cowen to $213, Wells Fargo to $201), implying ~20% upside from recent levels and signaling renewed analyst conviction. Read More. Read More. Read More.
• Positive Sentiment: Phillips 66 has a history of earnings beats and analysts expect robust Q1 results (consensus calls for big year-over-year EPS growth), supporting the bullish narrative for near-term upside. Read More. Read More.
• Neutral Sentiment: Q1 earnings are due later this month and consensus models point to massive bottom‑line growth; the release (and management commentary) will be the key catalyst that validates current analyst upgrades. Read More.
• Neutral Sentiment: Valuation and balance‑sheet snapshot: market cap around $70.6B, P/E ~16, PEG ~0.34 and modest leverage — metrics that support analyst bullishness but keep the stock sensitive to oil/refining margin swings. (See MarketBeat summary for current metrics.) Read More.
• Negative Sentiment: Insider selling: CFO Kevin Mitchell sold ~15,629 shares (~$2.97M) at ~ $190/share; the filing reduces his stake and adds a note of caution for some investors. Read More. Read More.
• Negative Sentiment: Recent short-term weakness: PSX traded lower in prior sessions (a ~3.6% dip reported in recent headlines), indicating near-term volatility despite analyst enthusiasm. Read More.
• Negative Sentiment: Broader insider selling over the past year (reported cumulative insider dispositions) could be viewed by some investors as a red flag on near-term conviction. Read More.

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.