Phillips 66 (NYSE:PSX) CFO Sells $815,908.32 in Stock

Key Points

• CFO Kevin Mitchell sold 4,944 shares on March 4 at $165.03 for $815,908.32, reducing his position by about 4.83% to 97,376 shares and triggering an SEC Form 4 disclosure; additional insider selling was reported in subsequent filings.
• Phillips 66 raised its quarterly dividend to $1.27 (annualized $5.08, ~3.1% yield), and reported quarterly EPS of $2.47 versus $2.15 consensus while revenue slightly missed expectations.
• The stock is trading near its 52-week high (~$165.94) with a market cap of about $66.5B and a P/E of 15.34, while analysts remain mixed (consensus target ~$160.11).

Phillips 66 (NYSE:PSX - Get Free Report) CFO Kevin Mitchell sold 4,944 shares of the firm's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $165.03, for a total value of $815,908.32. Following the transaction, the chief financial officer owned 97,376 shares in the company, valued at approximately $16,069,961.28. This trade represents a 4.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Phillips 66 Price Performance

Shares of PSX traded down $0.50 during trading hours on Friday, hitting $165.94. 3,480,695 shares of the company were exchanged, compared to its average volume of 2,682,323. The company has a quick ratio of 0.91, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $169.62. The company has a market cap of $66.50 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 0.58 and a beta of 0.86. The firm's fifty day moving average is $146.77 and its 200 day moving average is $138.28.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.32. The business had revenue of $32.16 billion during the quarter, compared to analysts' expectations of $33.81 billion. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. During the same quarter in the prior year, the business posted ($0.15) earnings per share. On average, equities analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were given a dividend of $1.27 per share. The ex-dividend date was Monday, February 23rd. This represents a $5.08 annualized dividend and a dividend yield of 3.1%. This is a positive change from Phillips 66's previous quarterly dividend of $1.20. Phillips 66's dividend payout ratio (DPR) is 46.95%.

Trending Headlines about Phillips 66

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

• Positive Sentiment: Analysts have bumped up coverage and highlighted a higher quarterly dividend and improved valuation momentum, which helped lift investor interest in the stock. A Look At Phillips 66 (PSX) Valuation After Analyst Upgrades Dividend Hike And Venezuela Crude Moves
• Positive Sentiment: Rising global crude benchmarks and refinery-friendly price moves have benefited refiners broadly, supporting Phillips 66’s margin outlook and dividend coverage in the near term. Refining-focused coverage highlights the sector’s resilience to oil swings. Bad News for Drivers Is Good News for Oil Refiners
• Neutral Sentiment: The stock has gained since the last earnings report and recent commentary explains that momentum (earnings beat and trajectory) but notes ongoing volatility; this context helps explain recent investor rotation rather than a clear directional signal. Why Is Phillips 66 (PSX) Up 7.8% Since Last Earnings Report?
• Neutral Sentiment: Management is exploring higher use of heavy Venezuelan crude to secure feedstock; this could lower input costs but creates margin trade-offs (blending, logistics, and quality). The move is a strategic plus if executed, but it introduces execution and geopolitical risk. Phillips 66 Weighs Venezuelan Crude Sourcing Shift And Margin Trade Offs
• Negative Sentiment: Insider selling: CFO Kevin J. Mitchell disclosed two recent Form 4 sales (4,944 shares on Mar 4 at ~$165.03 and 16,856 shares on Mar 5 at ~$168.22, roughly $3.65M combined). Large insider sales can pressure sentiment short-term even if they reflect personal liquidity. SEC Form 4 — Kevin J. Mitchell

Hedge Funds Weigh In On Phillips 66

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elliott Investment Management L.P. raised its position in shares of Phillips 66 by 22.4% during the second quarter. Elliott Investment Management L.P. now owns 19,251,000 shares of the oil and gas company's stock worth $2,296,644,000 after acquiring an additional 3,526,000 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Phillips 66 by 57.4% in the third quarter. Oppenheimer & Co. Inc. now owns 56,858 shares of the oil and gas company's stock valued at $7,734,000 after acquiring an additional 20,742 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its position in Phillips 66 by 5.0% during the 3rd quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 209,700 shares of the oil and gas company's stock valued at $28,523,000 after purchasing an additional 10,000 shares during the period. Vanguard Group Inc. raised its holdings in Phillips 66 by 14.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,368,000 shares of the oil and gas company's stock worth $5,531,702,000 after purchasing an additional 5,978,841 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Phillips 66 by 3.9% in the 2nd quarter. California Public Employees Retirement System now owns 696,577 shares of the oil and gas company's stock worth $83,102,000 after purchasing an additional 26,238 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PSX has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on Phillips 66 from $162.00 to $163.00 and gave the company an "overweight" rating in a research note on Thursday, February 5th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $170.00 price objective on shares of Phillips 66 in a research note on Friday, February 6th. Wolfe Research boosted their target price on Phillips 66 from $159.00 to $164.00 and gave the stock an "outperform" rating in a research note on Monday, January 26th. Weiss Ratings raised shares of Phillips 66 from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, February 23rd. Finally, Zacks Research lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 16th. Eleven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $160.11.

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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