Oak Thistle LLC Takes Position in Phillips 66 $PSX

Key Points

• Oak Thistle LLC initiated a new position in Phillips 66, buying 8,659 shares in Q4 valued at approximately $1.12 million.
• Phillips 66 disclosed about $900 million in derivatives losses from net-short commodity positions after oil and diesel spiked, an immediate earnings and cash‑flow headwind that helped push the stock down roughly 4.3%.
• Analysts have been raising price targets and sentiment is broadly positive while refining margins remain very strong (crack spread above $41/bbl), supporting the stock despite volatility; the company also recently increased its quarterly dividend to $1.27 (annualized $5.08, ~3.2% yield).

Oak Thistle LLC bought a new stake in Phillips 66 (NYSE:PSX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,659 shares of the oil and gas company's stock, valued at approximately $1,117,000.

Several other institutional investors have also modified their holdings of PSX. Evolution Wealth Management Inc. acquired a new position in Phillips 66 during the second quarter worth about $25,000. Board of the Pension Protection Fund purchased a new stake in shares of Phillips 66 in the 4th quarter valued at approximately $26,000. Stephens Consulting LLC raised its stake in shares of Phillips 66 by 67.7% in the 4th quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company's stock valued at $29,000 after acquiring an additional 90 shares during the period. Dorato Capital Management purchased a new stake in shares of Phillips 66 in the 4th quarter valued at approximately $35,000. Finally, Winnow Wealth LLC purchased a new stake in shares of Phillips 66 in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Key Headlines Impacting Phillips 66

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

• Positive Sentiment: Analysts lifted targets and/or kept positive ratings — big firms raised their 12-month targets (JPMorgan to $188/overweight, BMO to $195/outperform, Citi to $183/neutral and others), signaling continued confidence in PSX’s earnings power and downstream margins. This analyst momentum is providing support despite stock weakness. JPMorgan Adjusts Price Target on Phillips 66
• Positive Sentiment: Refining margins remain very strong: Benzinga notes the crack spread held above $41/bbl even as WTI dipped on ceasefire optimism, meaning refiners including Phillips 66 are still running “war-era” margins that should boost near-term refining profits heading into earnings season (reports Apr 29–May 5). Crude Fell, The Crack Spread Didn’t: 6 Refiner Stocks To Watch This Earnings Season
• Neutral Sentiment: Strategic/valuation commentary — some analysts and writes note Phillips 66’s strong execution but caution the stock may have run up (valuation risks). That frames upside as more dependent on upcoming results and margin sustainability. Phillips 66: Strong Execution, But The Stock Got There First
• Neutral Sentiment: Broader energy/transportation noise — Delta’s earnings highlight a spike in jet-fuel costs and supply disruptions tied to the Middle East; this is a mixed signal for PSX: higher product prices can lift refining margins but also add volatility and risk of demand responses. Delta's Double Miss Is a Warning for Airline Stocks
• Negative Sentiment: Phillips 66 flagged about $900 million in derivatives losses tied to net-short commodity positions as oil and diesel spiked — an immediate earnings and cash-flow headwind that likely pressured the stock today. Investors will watch management’s commentary on hedging and how this impacts reported Q2 results. Phillips 66 Flags $900 Million Derivatives Loss As Oil Surges 68%

Insider Buying and Selling

In other Phillips 66 news, EVP Don Baldridge sold 7,500 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were 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 approximately $6,158,080. This represents a 16.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kevin J. Mitchell sold 15,629 shares of the stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $190.07, for a total transaction of $2,970,604.03. Following the completion of the sale, the chief financial officer directly owned 97,376 shares in the company, valued at approximately $18,508,256.32. This represents a 13.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 95,923 shares of company stock worth $16,399,619. Corporate insiders own 0.22% of the company's stock.

Phillips 66 Trading Down 4.3%

Shares of NYSE:PSX opened at $160.85 on Friday. Phillips 66 has a 52 week low of $93.50 and a 52 week high of $190.61. The company's 50 day moving average is $165.35 and its two-hundred day moving average is $146.00. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 0.62. The company has a market cap of $64.46 billion, a PE ratio of 14.87, a P/E/G ratio of 0.29 and a beta of 0.76.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data 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. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. The company had revenue of $32.16 billion for the quarter, compared to the consensus estimate of $33.81 billion. During the same period in the prior year, the firm posted ($0.15) EPS. Equities analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, February 23rd were given a $1.27 dividend. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $5.08 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Phillips 66's previous quarterly dividend of $1.20. Phillips 66's payout ratio is currently 46.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of Phillips 66 from $152.00 to $170.00 and gave the company a "neutral" rating in a research note on Tuesday, March 17th. Scotiabank raised shares of Phillips 66 to a "hold" rating in a research note on Friday, March 27th. UBS Group boosted their price target on shares of Phillips 66 from $172.00 to $212.00 and gave the company a "buy" rating in a research note on Thursday, April 2nd. Wolfe Research boosted their price target on shares of Phillips 66 from $187.00 to $193.00 and gave the company an "outperform" rating in a research note on Monday. Finally, The Goldman Sachs Group boosted their price target on shares of Phillips 66 from $168.00 to $186.00 and gave the company a "neutral" rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, Phillips 66 presently has a consensus rating of "Moderate Buy" and an average target price of $180.39.

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.

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