V Square Quantitative Management LLC Acquires New Position in Phillips 66 $PSX

Key Points

• V Square Quantitative Management LLC opened a new position in Phillips 66 in Q4, buying 8,401 shares worth about $1.08 million, as institutional investors now own roughly 76.9% of the company.
• Wall Street sentiment is largely positive with multiple firms raising price targets (e.g., Raymond James, Wolfe, TD Cowen); MarketBeat shows an average rating of "Moderate Buy" and an average 12‑month target of $180.39.
• Phillips 66 beat Q4 EPS estimates ($2.47 vs. $2.15) and raised its quarterly dividend to $1.27 (3.2% yield), but flagged about $900 million in derivatives losses tied to net‑short commodity positions, posing a near‑term earnings and cash‑flow headwind.

V Square Quantitative Management LLC acquired a new stake in Phillips 66 (NYSE:PSX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,401 shares of the oil and gas company's stock, valued at approximately $1,084,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Board of the Pension Protection Fund acquired a new position in Phillips 66 during the fourth quarter worth about $26,000. Evolution Wealth Management Inc. acquired a new position in Phillips 66 during the second quarter worth about $25,000. Stephens Consulting LLC raised its position in Phillips 66 by 67.7% during the fourth 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. Dorato Capital Management acquired a new position in Phillips 66 during the fourth quarter worth about $35,000. Finally, Winnow Wealth LLC acquired a new position in Phillips 66 during the third quarter worth about $36,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Wall Street Analysts Forecast Growth

PSX has been the subject of a number of research reports. Wolfe Research lifted their target price on shares of Phillips 66 from $187.00 to $193.00 and gave the stock an "outperform" rating in a research report on Monday. Raymond James Financial boosted their price objective on shares of Phillips 66 from $175.00 to $205.00 and gave the company an "outperform" rating in a research report on Wednesday, March 25th. Morgan Stanley boosted their price objective on shares of Phillips 66 from $140.00 to $147.00 and gave the company an "equal weight" rating in a research report on Thursday, February 5th. Zacks Research lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 16th. Finally, TD Cowen boosted their price objective on shares of Phillips 66 from $155.00 to $213.00 and gave the company a "buy" rating in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $180.39.

Trending Headlines about 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%

Phillips 66 Price Performance

Phillips 66 stock opened at $160.85 on Friday. 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 $93.50 and a 1 year high of $190.61. The firm has a 50 day moving average price of $165.35 and a 200 day moving average price of $146.00. The company has a market cap of $64.46 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 0.29 and a beta of 0.76.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings data 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 company had revenue of $32.16 billion during the quarter, compared to the consensus estimate of $33.81 billion. During the same period in the previous year, the firm earned ($0.15) earnings per share. Sell-side analysts predict that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

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

Insider Activity at Phillips 66

In other Phillips 66 news, Director Kevin Omar Meyers acquired 175 shares of the firm's stock in a transaction on Tuesday, March 17th. The stock was bought at an average cost of $173.20 per share, for a total transaction of $30,310.00. Following the completion of the purchase, the director directly owned 16,624 shares in the company, valued at $2,879,276.80. This represents a 1.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Don Baldridge sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $160.00, for a total transaction of $1,200,000.00. Following the sale, the executive vice president owned 38,488 shares of the company's stock, valued at approximately $6,158,080. This represents a 16.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,923 shares of company stock valued at $16,399,619 over the last quarter. Company insiders own 0.22% of the company's stock.

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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