Phillips 66 $PSX Shares Sold by Comerica Bank

Comerica Bank trimmed its position in Phillips 66 (NYSE:PSX - Free Report) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,543 shares of the oil and gas company's stock after selling 7,701 shares during the quarter. Comerica Bank's holdings in Phillips 66 were worth $13,877,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Board of the Pension Protection Fund acquired a new position in Phillips 66 in the 4th quarter valued at about $26,000. Accordant Advisory Group Inc lifted its holdings in shares of Phillips 66 by 900.0% in the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company's stock worth $26,000 after acquiring an additional 180 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Phillips 66 in the 4th quarter worth approximately $27,000. Stephens Consulting LLC lifted its holdings 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 worth $29,000 after acquiring an additional 90 shares during the last quarter. Finally, Dorato Capital Management acquired a new position in shares of Phillips 66 in the 4th quarter worth approximately $35,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Trading Up 0.6%

Shares of NYSE:PSX opened at $165.04 on Wednesday. Phillips 66 has a 52 week low of $102.16 and a 52 week high of $190.61. The company's 50 day moving average is $166.90 and its two-hundred day moving average is $148.62. 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 $66.14 billion, a PE ratio of 15.25, a P/E/G ratio of 0.28 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 15.18 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a $1.27 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 3.1%. Phillips 66's dividend payout ratio is currently 46.95%.

Key Phillips 66 News

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

• Positive Sentiment: Zacks added PSX to multiple Rank #1 (Strong Buy) lists — including momentum and income picks — which can attract buy-side flows and short-term momentum traders. Best Momentum Stocks to Buy for April 28th New Strong Buy Stocks for April 28th Best Income Stocks to Buy for April 28th
• Positive Sentiment: Analyst upgrade to earnings forecasts: Scotiabank raised its FY2026 EPS estimate materially (from $10.35 to $12.05), signaling analysts see stronger earnings potential than previously modeled. That improves forward earnings visibility versus peers. Scotiabank raises FY2026 EPS estimate
• Positive Sentiment: Strategic asset addition: Phillips 66 Limited completed the acquisition of Prax Lindsey Oil Refinery assets in the U.K., expanding refining footprint and potential product supply flexibility in Europe. This is a tangible growth/capacity move that supports mid- to long-term earnings. Phillips 66 Limited completes acquisition of Lindsey Oil Refinery assets
• Positive Sentiment: Institutional/press recognition: PSX is cited in recent screens and articles (Zacks, Yahoo) highlighting women-led companies and growth-oriented profiles, which can broaden investor interest and demand. 5 Women-Run Company Stocks to Buy for Strong Market Returns 5 Women-Run Company Stocks to Buy for Strong Market Returns (Zacks)
• Neutral Sentiment: Zacks published a positive thematic piece on PSX as a strong-growth stock using its Style Scores — useful context for investors but not an immediate catalyst. Here's Why Phillips 66 (PSX) is a Strong Growth Stock
• Neutral Sentiment: Pre-earnings analysis: Zacks’ “countdown to Q1 earnings” piece walks through metric-level estimates beyond revenue/EPS, which helps set expectations but does not change fundamentals by itself. Countdown to Phillips 66 (PSX) Q1 Earnings
• Negative Sentiment: Q1 outlook risk: Several previews (Zacks, Yahoo) note a projected Q1 EPS loss (~$0.55) and declines in midstream revenues and product sales volumes year-over-year — a clear near-term earnings headwind that could pressure the stock if results miss expectations. Phillips 66 Set to Report Q1 Earnings: What's in the Offing? Phillips 66 Set to Report Q1 Earnings (Zacks)
• Negative Sentiment: Operational risk from global supply shocks: Coverage (MSN) highlights supply-blockade dynamics affecting refiners, which could compress margins or disrupt volumes in the near term. Navigating the blockade: Phillips 66, Valero, and ConocoPhillips face Q1 test amid global supply shocks

Analyst Ratings Changes

Several brokerages have recently commented on PSX. The Goldman Sachs Group upped their price objective on shares of Phillips 66 from $186.00 to $192.00 and gave the stock a "neutral" rating in a report on Friday, April 10th. Argus upped their price objective on shares of Phillips 66 from $152.00 to $185.00 and gave the stock a "buy" rating in a report on Tuesday, February 10th. Piper Sandler upped their price objective on shares of Phillips 66 from $168.00 to $177.00 and gave the stock a "neutral" rating in a report on Wednesday, April 8th. Raymond James Financial upped their price objective on shares of Phillips 66 from $175.00 to $205.00 and gave the stock an "outperform" rating in a report on Wednesday, March 25th. Finally, Wall Street Zen lowered shares of Phillips 66 from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 11th. Eleven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Phillips 66 has a consensus rating of "Hold" and a consensus target price of $181.33.

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 0.40% of the company's stock.

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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