Phillips 66 $PSX Shares Bought by Nkcfo LLC

Key Points

• Nkcfo LLC doubled its stake in Phillips 66 in Q4 to 28,650 shares (worth $3.697 million), while institutional investors now own about 76.93% of the company.
• Q1 earnings beat: Phillips 66 reported EPS of $0.49 vs. a consensus of ($0.54), driven by stronger refining margins and roughly ~95% refinery utilization, lifting the stock about 3.4%.
• Risks flagged: insiders sold 95,923 shares (~$16.4M) over the past 90 days, and the quarter included sizable mark‑to‑market derivative losses (management previously flagged roughly ~$900M pre‑tax), adding volatility to results.

Nkcfo LLC grew its position in Phillips 66 (NYSE:PSX - Free Report) by 100.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,650 shares of the oil and gas company's stock after buying an additional 14,325 shares during the quarter. Phillips 66 accounts for 1.1% of Nkcfo LLC's holdings, making the stock its 22nd largest holding. Nkcfo LLC's holdings in Phillips 66 were worth $3,697,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Phillips 66 by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 51,930,038 shares of the oil and gas company's stock worth $6,701,052,000 after purchasing an additional 205,480 shares in the last quarter. M&T Bank Corp lifted its holdings in Phillips 66 by 462.9% during the 4th quarter. M&T Bank Corp now owns 2,727,888 shares of the oil and gas company's stock worth $352,007,000 after buying an additional 2,243,268 shares in the last quarter. Amundi boosted its position in Phillips 66 by 2.8% in the 3rd quarter. Amundi now owns 2,400,180 shares of the oil and gas company's stock valued at $319,123,000 after buying an additional 65,568 shares during the period. Legal & General Group Plc increased its position in shares of Phillips 66 by 1.5% during the third quarter. Legal & General Group Plc now owns 2,276,036 shares of the oil and gas company's stock worth $309,586,000 after acquiring an additional 33,397 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Phillips 66 by 424.7% in the third 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 acquiring 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 at Phillips 66

In other Phillips 66 news, EVP Brian Mandell sold 42,800 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $169.53, for a total value of $7,255,884.00. Following the completion of the sale, the executive vice president owned 61,595 shares in the company, valued at approximately $10,442,200.35. The trade was a 41.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of the firm's stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $150.00, for a total transaction of $659,100.00. Following the transaction, the executive vice president owned 25,799 shares in the company, valued at approximately $3,869,850. This trade represents a 14.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,923 shares of company stock valued at $16,399,619 over the last 90 days. 0.40% of the stock is owned by insiders.

Key Headlines Impacting Phillips 66

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

• Positive Sentiment: Q1 beat and operational strength — PSX reported an unexpected Q1 profit driven by much stronger realized refining margins and higher utilization, which the market viewed as a sign that underlying operations are improving. Read More.
• Positive Sentiment: High refinery throughput — Management said refineries are running in the low‑ to mid‑90% range (roughly ~95% utilization cited elsewhere), lifting refining economics and throughput-driven profits. Read More.
• Positive Sentiment: Energy price backdrop — Brent crude spiked (geopolitical-driven) and U.S. gasoline prices hit multi-year highs, supporting stronger crack spreads and refiners' margins. Read More.
• Positive Sentiment: Peer confirmation of margin strength — Valero’s Q1 beat and surge in refining margins reinforces the sector-wide improvement that benefits PSX. Read More.
• Positive Sentiment: Upgrades and positive analyst attention — Tudor Pickering upgraded PSX to strong‑buy and Zacks added PSX to its Rank #1 growth list, boosting investor sentiment and buy-side interest. Read More.
• Neutral Sentiment: Midstream/export capacity developments — Management highlighted progress on NGL fractionation and LPG export capacity, which are constructive long term but are incremental near-term drivers. Read More.
• Neutral Sentiment: Debt/turnaround outlook — Company is targeting ~$17B of debt by year‑end 2027 and flagged Q2 turnaround costs of ~$120–150M; this is execution-related and should be monitored but isn’t an immediate re‑rating driver. Read More.
• Negative Sentiment: Large mark‑to‑market derivative losses — The quarter included sizable MTM losses on the company’s net short derivatives hedges (management previously flagged roughly ~$900M pre‑tax), which weighed on reported profitability and add volatility to future results. Read More.
• Negative Sentiment: Insider selling and mixed analyst targets — Recent disclosures show meaningful insider sales and a range of price targets among analysts, which could temper upside if sentiment shifts. Read More.

Phillips 66 Trading Up 3.4%

Shares of Phillips 66 stock opened at $179.32 on Friday. 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 fifty day simple moving average of $167.69 and a 200-day simple moving average of $149.00. The stock has a market cap of $71.86 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 0.29 and a beta of 0.76. Phillips 66 has a 12-month low of $103.35 and a 12-month high of $190.61.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $1.03. The company had revenue of $32.54 billion during the quarter, compared to the consensus estimate of $35.86 billion. Phillips 66 had a net margin of 2.99% and a return on equity of 11.04%. Phillips 66's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.90) earnings per share. On average, equities analysts forecast that Phillips 66 will post 15.47 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be paid a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, May 18th. Phillips 66's dividend payout ratio (DPR) is currently 50.05%.

Analysts Set New Price Targets

PSX has been the topic of several recent research reports. Mizuho upped their price target on Phillips 66 from $152.00 to $170.00 and gave the stock a "neutral" rating in a report on Tuesday, March 17th. Argus boosted their price objective on Phillips 66 from $152.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Raymond James Financial upped their target price on shares of Phillips 66 from $175.00 to $205.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 25th. Scotiabank lifted their price target on shares of Phillips 66 from $140.00 to $151.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 22nd. Finally, TD Cowen boosted their price target on shares of Phillips 66 from $155.00 to $213.00 and gave the stock a "buy" rating in a report on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Phillips 66 has a consensus rating of "Moderate Buy" and a consensus target price of $183.17.

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.

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