Phillips 66 $PSX Shares Sold by OLD National Bancorp IN

Key Points

• OLD National Bancorp IN trimmed its stake in Phillips 66 by 17.6%, selling 8,063 shares in Q4 and leaving 37,769 shares valued at $4.87 million, while institutional investors own about 76.9% of the stock.
• Operational tailwinds may boost earnings: progress on the Western Gateway pipeline with Kinder Morgan and planned pipeline reconfigurations could add stable midstream fees and lower costs, while rising crack spreads are supporting refining profitability.
• Insider selling and shareholder returns: insiders sold 95,923 shares (~$16.4M) in the last three months (including EVP and director transactions), even as Phillips 66 declared a $1.27 quarterly dividend (3.2% yield).

OLD National Bancorp IN trimmed its holdings in Phillips 66 (NYSE:PSX - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,769 shares of the oil and gas company's stock after selling 8,063 shares during the period. OLD National Bancorp IN's holdings in Phillips 66 were worth $4,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Phillips 66 by 239.0% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 72,635 shares of the oil and gas company's stock worth $9,377,000 after purchasing an additional 51,208 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Phillips 66 by 44.4% during the 4th quarter. Teacher Retirement System of Texas now owns 90,826 shares of the oil and gas company's stock worth $11,720,000 after purchasing an additional 27,934 shares during the last quarter. HB Wealth Management LLC boosted its stake in shares of Phillips 66 by 4.4% during the 4th quarter. HB Wealth Management LLC now owns 34,466 shares of the oil and gas company's stock worth $4,448,000 after purchasing an additional 1,437 shares during the last quarter. Morton Brown Family Wealth LLC boosted its stake in shares of Phillips 66 by 36.2% during the 4th quarter. Morton Brown Family Wealth LLC now owns 282 shares of the oil and gas company's stock worth $36,000 after purchasing an additional 75 shares during the last quarter. Finally, Caprock Group LLC boosted its stake in shares of Phillips 66 by 2.5% during the 4th quarter. Caprock Group LLC now owns 18,349 shares of the oil and gas company's stock worth $2,368,000 after purchasing an additional 454 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

More Phillips 66 News

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

• Positive Sentiment: Progress on the Western Gateway refined‑products pipeline: Phillips 66 and Kinder Morgan secured sufficient long‑term shipper commitments in a second open season to advance the project toward final agreements and board approvals — a potential multi‑year source of stable midstream fee revenue and improved connectivity between Midwest/Gulf refineries and Western markets. Phillips 66 (PSX) and Kinder Morgan Advance Western Gateway Pipeline Project
• Positive Sentiment: Pipeline reconfiguration could be a structural advantage: Plans include reversing existing SFPP and Gold Pipeline segments to redirect supply to Phoenix, CA and Las Vegas, which may lower operating costs and increase refined‑product margins for Phillips 66 if built to mid‑2029 in‑service target. Western Gateway Pipeline Reconfiguration Could Be A Game Changer For Phillips 66 (PSX)
• Positive Sentiment: Refining margin tailwind: Third‑party commentary highlights that rising crack spreads support Phillips 66’s refining profitability, which would boost near‑to‑medium‑term earnings if product demand and spreads persist. Phillips 66 (PSX) Is Expected to Benefit from Rising Crack Spreads
• Neutral Sentiment: Corporate social/renewables activity: Phillips 66 is partnering with Points of Light on a volunteer campaign and is named among renewable partners in a UCO recycling announcement — positive for PR and ESG positioning but limited direct near‑term financial impact. Points of Light Celebrates Global Volunteer Month and Launches Mobilizing Millions Campaign
• Neutral Sentiment: Supply‑chain/renewable feedstock cooperation: Restaurant Technologies reports large UCO collection with conversion partners including Phillips 66, signaling growing renewable diesel feedstock flows — strategic long‑run benefit but modest earnings effect in the near term. Restaurant Technologies Recycled Almost 400 Million Lbs of UCO in 2025
• Negative Sentiment: Jones Act waiver shipping move draws scrutiny: Phillips 66 loaded U.S. crude onto a foreign‑flagged tanker after a Jones Act waiver — a move that may raise regulatory, PR and logistics questions and could pressure the company’s domestic shipping premium or invite political scrutiny. Phillips 66 sending US oil on foreign-flagged tanker after Jones Act waiver
• Negative Sentiment: Earnings expectations and analyst posture weigh on near term: Several previews (Zacks/Yahoo) flag that Phillips 66 lacks the setup for an earnings beat in the upcoming report, and Scotiabank’s upgrade of its target to $151 still carries only a sector‑perform rating (implying limited upside vs. current levels). These items increase the risk of downside if results or guidance disappoint. Phillips 66 (PSX) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Phillips 66 Price Performance

PSX opened at $159.61 on Friday. The company's 50 day simple moving average is $166.61 and its 200 day simple moving average is $147.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.91 and a current ratio of 1.30. Phillips 66 has a 1 year low of $101.54 and a 1 year high of $190.61. The stock has a market capitalization of $63.96 billion, a PE ratio of 14.75, a P/E/G ratio of 0.30 and a beta of 0.76.

Phillips 66 (NYSE:PSX - Get Free Report) last released its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.32. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. The business had revenue of $32.16 billion for the quarter, compared to analysts' expectations of $33.81 billion. During the same period last year, the company earned ($0.15) earnings per share. As a group, sell-side analysts expect that Phillips 66 will post 14.12 EPS for the current year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors 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 annualized dividend and a dividend yield of 3.2%. Phillips 66's dividend payout ratio (DPR) is currently 46.95%.

Insiders Place Their Bets

In related news, EVP Brian Mandell sold 42,800 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $169.53, for a total value of $7,255,884.00. Following the sale, the executive vice president directly owned 61,595 shares of the company's stock, valued at approximately $10,442,200.35. This trade represents a 41.00% 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, Director Lisa Ann Davis sold 3,800 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $174.37, for a total transaction of $662,606.00. Following the completion of the sale, the director directly owned 8,701 shares in the company, valued at $1,517,193.37. This represents a 30.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 95,923 shares of company stock valued at $16,399,619. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PSX has been the topic of several analyst reports. Barclays raised their price target on shares of Phillips 66 from $158.00 to $177.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 8th. JPMorgan Chase & Co. raised their price target on shares of Phillips 66 from $161.00 to $188.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 8th. Mizuho raised their price target on shares of Phillips 66 from $152.00 to $170.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 17th. UBS Group raised their price target on shares of Phillips 66 from $172.00 to $212.00 and gave the stock a "buy" rating in a research note on Thursday, April 2nd. Finally, Wolfe Research raised their price target on shares of Phillips 66 from $187.00 to $193.00 and gave the stock an "outperform" rating in a research note on Monday, April 6th. Twelve equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Phillips 66 currently has an average rating of "Moderate Buy" and an average price target of $181.33.

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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