Nykredit A S Takes $28.91 Million Position in Phillips 66 $PSX

Key Points

• Nykredit A/S acquired 171,043 Phillips 66 shares worth approximately $28.9 million during the second quarter. Institutional investors collectively own 76.93% of PSX.
• Phillips 66 reported quarterly EPS of $9.41, surpassing the $7.50 consensus estimate, while revenue reached $52.04 billion. The company also authorized a $10 billion share-repurchase program and pays a $1.27 quarterly dividend.
• Shares have benefited from strong diesel refining margins and positive analyst sentiment, but PSX trades above the average analyst price target, creating potential pullback risk if margins weaken or upcoming results disappoint. Recent insider selling adds another cautious signal.

Nykredit A S bought a new position in Phillips 66 (NYSE:PSX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 171,043 shares of the oil and gas company's stock, valued at approximately $28,915,000.

Several other institutional investors also recently bought and sold shares of PSX. BlackRock Inc. acquired a new stake in shares of Phillips 66 during the 2nd quarter worth approximately $5,766,779,000. Geode Capital Management LLC boosted its stake in shares of Phillips 66 by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 10,413,824 shares of the oil and gas company's stock worth $1,338,596,000 after acquiring an additional 45,340 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Phillips 66 in the 2nd quarter valued at about $1,093,206,000. Norges Bank purchased a new position in Phillips 66 during the fourth quarter worth about $640,206,000. Finally, Amundi boosted its stake in Phillips 66 by 62.0% during the first quarter. Amundi now owns 3,667,451 shares of the oil and gas company's stock worth $668,137,000 after buying an additional 1,403,493 shares during the period. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Brian Mandell sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $215.00, for a total value of $6,450,000.00. Following the sale, the executive vice president directly owned 61,595 shares of the company's stock, valued at approximately $13,242,925. This trade represents a 32.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin J. Mitchell sold 11,021 shares of the stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $190.03, for a total transaction of $2,094,320.63. Following the transaction, the chief financial officer directly owned 97,376 shares in the company, valued at approximately $18,504,361.28. This represents a 10.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 123,907 shares of company stock valued at $27,973,214. Insiders own 0.40% of the company's stock.

Key Phillips 66 News

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

• Positive Sentiment: A record diesel crack spread—the margin refiners earn from converting crude oil into diesel—is driving broad strength across the refining sector. Phillips 66, Valero, Marathon Petroleum and HF Sinclair have each posted six straight weeks of gains, providing a significant near-term earnings catalyst for PSX. Diesel Squeeze Nobody Hedged: 4 Refiners Just Logged Their 6th Straight Week of Gains
• Positive Sentiment: Analysts point to resilient refining margins and relatively stable midstream cash flows, which may cushion Phillips 66 from commodity-price volatility. The company also recently reported quarterly EPS well above expectations, reinforcing confidence in its earnings power. Phillips 66: Resilient Refining Meets Midstream Stability
• Positive Sentiment: PSX remains a relative-strength leader amid rising interest rates and volatile markets. Its previously announced $10 billion share-repurchase authorization and quarterly dividend may provide additional shareholder support.
• Neutral Sentiment: Phillips 66 will discuss third-quarter 2026 results during a webcast on October 28. The event is a future catalyst, with investors likely focused on whether elevated diesel margins translated into stronger quarterly results. Phillips 66 to announce third-quarter financial results
• Negative Sentiment: Phillips 66 is trading well above the average analyst price target, raising the risk of a pullback if refining margins weaken or upcoming results disappoint. Priced for a Pullback or More Gains? These 3 Stocks Are Testing the Limits
• Negative Sentiment: Executive Vice President Brian Mandell sold 23,400 shares worth approximately $6.2 million, reducing his direct holdings by 27.5%. The sale may modestly weigh on sentiment, although it does not by itself indicate deteriorating fundamentals. SEC insider ownership filing
• Negative Sentiment: Oil-market backwardation and concerns about demand destruction or rising non-OPEC supply could pressure future oil prices and energy valuations. These risks are partly offset by the fact that lower crude costs can benefit refiners.

Phillips 66 Stock Performance

NYSE PSX opened at $272.79 on Friday. The stock has a market capitalization of $108.85 billion, a price-to-earnings ratio of 15.54 and a beta of 0.71. The business's 50 day moving average is $231.07 and its two-hundred day moving average is $193.39. Phillips 66 has a 12-month low of $126.74 and a 12-month high of $277.12. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $9.41 EPS for the quarter, topping the consensus estimate of $7.50 by $1.91. Phillips 66 had a return on equity of 19.93% and a net margin of 4.54%.The business had revenue of $52.04 billion for the quarter, compared to analyst estimates of $43.60 billion. During the same quarter in the previous year, the company earned $2.38 EPS. Research analysts expect that Phillips 66 will post 28.28 EPS for the current year.

Phillips 66 declared that its board has approved a stock buyback plan on Friday, July 31st that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the oil and gas company to buy up to 11.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were paid a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 18th. Phillips 66's payout ratio is presently 28.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PSX shares. TD Cowen boosted their price target on shares of Phillips 66 from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Morgan Stanley increased their target price on Phillips 66 from $196.00 to $284.00 and gave the stock an "overweight" rating in a research note on Monday. Guggenheim upgraded Phillips 66 to an "outperform" rating in a report on Wednesday, May 27th. Citigroup reiterated a "neutral" rating on shares of Phillips 66 in a research note on Thursday, August 6th. Finally, Mizuho raised shares of Phillips 66 from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $170.00 to $212.00 in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Phillips 66 has a consensus rating of "Moderate Buy" and an average target price of $241.56.

Phillips 66 Profile

Phillips 66 NYSE: PSX is an energy company that operates across the midstream, chemicals, refining and marketing sectors. Headquartered in Houston, Texas, the company was established in 2012 when ConocoPhillips separated its downstream businesses into an independent company.

The company's midstream operations include transportation, processing, storage and other infrastructure for crude oil, natural gas and natural gas liquids. Phillips 66 also owns and operates refineries that process crude oil into transportation fuels, lubricants, specialty products and other refined petroleum products.

Phillips 66 markets gasoline, diesel and other fuels under the Phillips 66, Conoco and 76 brands, primarily in the United States.

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