MH & Associates Securities Management Corp ADV Buys New Stake in Phillips 66 $PSX

Key Points

• MH & Associates Securities Management Corp ADV bought a new stake of 29,747 shares in Phillips 66 (≈$3.84M), making PSX about 3.1% of the fund and its sixth-largest holding; overall institutional ownership is ~76.9% with other funds (notably Elliott) meaningfully increasing positions.
• Phillips 66 flagged roughly $900 million (pre‑tax) mark‑to‑market losses on net‑short commodity derivatives—about $350–$450M expected to hit the refining segment—which is driving near‑term earnings volatility and recent stock weakness; insiders sold ~100,317 shares (~$17.0M) in the last quarter.
• The company topped quarterly EPS estimates ($2.47 vs. $2.15), raised its quarterly dividend to $1.27 (3.0% yield), and saw multiple Wall Street price‑target increases that leave a consensus rating of "Moderate Buy" with an average target around $179.

MH & Associates Securities Management Corp ADV bought a new stake in shares of Phillips 66 (NYSE:PSX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 29,747 shares of the oil and gas company's stock, valued at approximately $3,839,000. Phillips 66 accounts for about 3.1% of MH & Associates Securities Management Corp ADV's investment portfolio, making the stock its 6th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elliott Investment Management L.P. lifted its position in Phillips 66 by 22.4% during the second 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. Oppenheimer & Co. Inc. lifted its holdings in Phillips 66 by 57.4% in the third quarter. Oppenheimer & Co. Inc. now owns 56,858 shares of the oil and gas company's stock valued at $7,734,000 after acquiring an additional 20,742 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its holdings in Phillips 66 by 5.0% in the third quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 209,700 shares of the oil and gas company's stock valued at $28,523,000 after acquiring an additional 10,000 shares during the period. TD Asset Management Inc lifted its holdings in Phillips 66 by 15.5% in the third quarter. TD Asset Management Inc now owns 174,413 shares of the oil and gas company's stock valued at $23,724,000 after acquiring an additional 23,364 shares during the period. Finally, First National Bank of Omaha acquired a new position in Phillips 66 in the third quarter valued at approximately $2,357,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Phillips 66

In related news, EVP Vanessa Allen Sutherland sold 4,394 shares of the company's stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $150.00, for a total transaction 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 represents a 14.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lisa Ann Davis sold 3,800 shares of the company's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $174.37, for a total transaction of $662,606.00. Following the transaction, the director owned 8,701 shares of the company's stock, valued at approximately $1,517,193.37. This trade represents a 30.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 100,317 shares of company stock worth $17,036,749. 0.22% of the stock is currently owned by corporate insiders.

Phillips 66 Trading Down 3.9%

Shares of PSX stock opened at $167.92 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 0.91. The company has a market cap of $67.29 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 0.31 and a beta of 0.76. The stock has a 50 day simple moving average of $165.02 and a 200-day simple moving average of $145.90. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $190.61.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.32. The business 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 prior year, the company posted ($0.15) EPS. On average, equities research analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently announced 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. This represents a $5.08 annualized dividend and a dividend yield of 3.0%. 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. Phillips 66's dividend payout ratio is currently 46.95%.

More Phillips 66 News

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

• Positive Sentiment: Multiple Wall Street firms raised price targets and kept generally constructive ratings (Piper Sandler to $177, Barclays to $177, JPMorgan to $188, BMO to $195), signaling analyst confidence in PSX’s medium‑term outlook despite near‑term volatility. Piper Sandler raise Barclays raise JPMorgan raise BMO raise
• Positive Sentiment: Energy sector strength from the Iran conflict has lifted oil and diesel prices, which can boost refining and midstream cash flows over time—a tailwind for PSX’s core businesses. Oil surge article
• Neutral Sentiment: Analyst commentary (Wolfe Research cited) expects the stock to rise, reflecting differing views on how temporary derivative hits will translate into long‑term earnings; this keeps opinions mixed and trading volatile. Wolfe Research note
• Negative Sentiment: Phillips 66 flagged roughly $900 million (pre‑tax) mark‑to‑market losses on net‑short commodity derivative positions as oil surged; the refining segment is expected to absorb $350–$450 million of that hit. This is the primary near‑term driver of the stock decline because it will depress Q1 reported results and inject earnings volatility. Yahoo Finance on $900M loss Offshore-Technology coverage Seeking Alpha on derivatives losses

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Phillips 66 from $163.00 to $201.00 and gave the company an "overweight" rating in a report on Tuesday, March 31st. Citigroup boosted their price target on Phillips 66 from $146.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, February 9th. Barclays boosted their price target on Phillips 66 from $158.00 to $177.00 and gave the company an "equal weight" rating in a report on Wednesday. Wall Street Zen upgraded shares of Phillips 66 from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 14th. Finally, Wolfe Research upped their price objective on shares of Phillips 66 from $187.00 to $193.00 and gave the stock an "outperform" rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $179.06.

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.

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