2,880 Shares in Phillips 66 $PSX Bought by Foster Group Inc.

Foster Group Inc. bought a new position in shares of Phillips 66 (NYSE:PSX) in the fourth quarter, HoldingsChannel.com reports. The firm bought 2,880 shares of the oil and gas company’s stock, valued at approximately $372,000.

A number of other hedge funds also recently bought and sold shares of PSX. Vanguard Group Inc. increased its stake in shares of 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 worth $7,035,574,000 after purchasing an additional 5,356,558 shares during the period. Norges Bank acquired a new position in shares of Phillips 66 during the 2nd quarter worth about $523,755,000. Elliott Investment Management L.P. boosted its stake 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 valued at $2,296,644,000 after purchasing an additional 3,526,000 shares during the period. AQR Capital Management LLC boosted its stake in Phillips 66 by 424.7% during 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 during the period. Finally, Worldquant Millennium Advisors LLC acquired a new stake in Phillips 66 in the 2nd quarter valued at approximately $107,967,000. 76.93% of the stock is currently owned by institutional investors.

Insider Activity

In other Phillips 66 news, CFO Kevin J. Mitchell sold 16,856 shares of Phillips 66 stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $168.22, for a total transaction of $2,835,516.32. Following the sale, the chief financial officer owned 97,376 shares in the company, valued at $16,380,590.72. The trade was a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin Omar Meyers purchased 175 shares of the stock in a transaction on Tuesday, March 17th. The stock was acquired at an average cost of $173.20 per share, for a total transaction of $30,310.00. Following the acquisition, the director directly owned 16,624 shares in the company, valued at approximately $2,879,276.80. This trade represents a 1.06% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 84,688 shares of company stock valued at $14,066,145. 0.22% of the stock is owned by insiders.

Phillips 66 Trading Up 1.6%

Phillips 66 stock opened at $184.10 on Friday. The business has a 50 day moving average price of $158.24 and a two-hundred day moving average price of $142.89. 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 stock has a market cap of $73.78 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 0.34 and a beta of 0.86. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $187.57.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.32. Phillips 66 had a return on equity of 9.13% and a net margin of 3.22%.The company had revenue of $32.16 billion during the quarter, compared to the consensus estimate of $33.81 billion. During the same quarter last year, the company earned ($0.15) EPS. As a group, equities analysts forecast that Phillips 66 will post 6.8 EPS for the current 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 given a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 2.8%. This is an increase from Phillips 66’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Monday, February 23rd. Phillips 66’s dividend payout ratio (DPR) is 46.95%.

Analyst Upgrades and Downgrades

Several brokerages have commented on PSX. Argus lifted their price target on Phillips 66 from $152.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group increased their price objective on Phillips 66 from $168.00 to $186.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Jefferies Financial Group raised shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 16th. Piper Sandler upped their target price on shares of Phillips 66 from $153.00 to $156.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $170.00 price target on shares of Phillips 66 in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.00.

Trending Headlines about Phillips 66

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

• Positive Sentiment: Raymond James raised its price target to $205 and kept an outperform rating, citing nearly doubled refining margins that materially improve PSX’s earnings outlook; that upgrade is a direct catalyst for investor buying. Raymond James Sets $205 Target on PSX
• Positive Sentiment: Phillips 66 and Kinder Morgan extended the second open season for the Western Gateway pipeline, which helps secure long-term transport commitments into the Los Angeles market and reduces logistics risk for refined-product flows. Business Wire: Open Season Extension
• Positive Sentiment: Zacks flagged PSX as a strong momentum stock, reflecting positive style-score signals that can attract quant and momentum buyers and reinforce the recent run. Zacks: Strong Momentum Stock
• Positive Sentiment: Zacks also highlights PSX as a strong growth stock based on its style scores, reinforcing the buy-side narrative that the company is delivering improving fundamentals. Zacks: Strong Growth Stock
• Positive Sentiment: Coverage noting PSX set a new 52‑week high is reinforcing momentum traders and headline-driven flows into the stock. AmericanBankingNews: Sets New 52-Week High
• Neutral Sentiment: Some commentary is examining valuation after the recent rally — higher multiples raise the risk that further upside depends on sustained margins and execution rather than multiple expansion alone. Yahoo Finance: Valuation After Momentum
• Neutral Sentiment: Investor reaction pieces synthesize the pipeline extension and margin backdrop; these help explain the stock’s move but note outcomes still depend on finalized shipper commitments and sustained refining spreads. Yahoo Finance: How Investors Are Reacting

Phillips 66 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.