Machina Capital S.A.S. Cuts Holdings in Phillips 66 $PSX

Machina Capital S.A.S. lowered its holdings in Phillips 66 (NYSE:PSX) by 72.5% in the 3rd quarter, Holdings Channel reports. The firm owned 5,564 shares of the oil and gas company’s stock after selling 14,670 shares during the period. Machina Capital S.A.S.’s holdings in Phillips 66 were worth $757,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Elliott Investment Management L.P. lifted its stake in Phillips 66 by 22.4% during the 2nd quarter. Elliott Investment Management L.P. now owns 19,251,000 shares of the oil and gas company’s stock valued at $2,296,644,000 after acquiring an additional 3,526,000 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lifted its position in Phillips 66 by 5.0% during the third 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. lifted its position in Phillips 66 by 14.8% during the second quarter. Vanguard Group Inc. now owns 46,368,000 shares of the oil and gas company’s stock valued at $5,531,702,000 after purchasing an additional 5,978,841 shares during the period. Edgestream Partners L.P. purchased a new stake in Phillips 66 in the second quarter worth approximately $4,952,000. Finally, Thrivent Financial for Lutherans grew its position in Phillips 66 by 81.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 42,205 shares of the oil and gas company’s stock worth $5,035,000 after purchasing an additional 18,895 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Phillips 66

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

• Positive Sentiment: Q4 earnings beat — Phillips 66 reported non-GAAP EPS of $2.47, beating consensus (~$2.15) and helping drive the rally. Reuters: Refiner Phillips 66 beats quarterly profit estimates as margins rebound
• Positive Sentiment: Refining margins rebound — U.S. and global realized refining margins climbed from 2024 multi‑year lows, lifting refining profitability and underpinning the beat. OilPrice: Phillips 66 Beats Estimates as Refining Margins Rebound
• Positive Sentiment: Stronger utilization and midstream volumes — Management cited higher refinery utilization and solid midstream volumes that boosted cash flow and operating performance. Benzinga: Why Is Phillips 66 Stock Trading Higher Today?
• Positive Sentiment: CFO commentary reinforces demand outlook — CFO Kevin Mitchell spoke on strong Q4 results and sustained oil/refining demand in media interviews, which reassures investors on near‑term profitability. Yahoo Finance: Phillips 66 CFO discusses strong Q4 earnings
• Positive Sentiment: Optional feedstock capacity — CEO/management said the company can process roughly 250,000 bpd of Venezuelan crude, which could be a cost-advantaged feedstock if logistics and sanctions allow. Reuters: Phillips 66 can process 250,000 bpd of Venezuelan crude
• Neutral Sentiment: Revenue shortfall vs. estimates — Revenue came in below some analyst forecasts ($32.16B reported vs. ~$33.8B consensus), limiting the upside from the EPS beat and warranting attention to volume vs. price drivers. Yahoo Finance: Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Profitability metrics still muted — reported net margin and ROE remain modest, signaling that much of the company’s value depends on cyclical margin recovery and midstream performance. Seeking Alpha: Phillips 66 Non-GAAP EPS beats
• Negative Sentiment: Geopolitical and feedstock risk — increased reliance on Venezuelan crude introduces sanction and logistics uncertainty that could reverse some gains if access is disrupted or spreads change. Seeking Alpha: Venezuelan crude in focus ahead of Q4

Phillips 66 Stock Up 4.6%

NYSE PSX opened at $154.85 on Thursday. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $155.99. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $62.39 billion, a P/E ratio of 42.31, a price-to-earnings-growth ratio of 0.53 and a beta of 0.90. The stock’s 50-day moving average price is $137.68 and its 200-day moving average price is $133.32.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.32. Phillips 66 had a return on equity of 5.53% and a net margin of 1.12%.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 company posted ($0.15) EPS. On average, equities research analysts predict that Phillips 66 will post 6.8 earnings per share for the current year.

Insider Transactions at Phillips 66

In other Phillips 66 news, EVP Brian Mandell sold 25,500 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $140.04, for a total value of $3,571,020.00. Following the completion of the sale, the executive vice president owned 56,838 shares in the company, valued at approximately $7,959,593.52. This represents a 30.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kevin J. Mitchell sold 30,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $138.00, for a total value of $4,140,000.00. Following the completion of the transaction, the chief financial officer owned 89,771 shares in the company, valued at $12,388,398. The trade was a 25.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 86,094 shares of company stock valued at $11,955,366 over the last three months. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. TD Cowen raised their target price on Phillips 66 from $145.00 to $151.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Mizuho boosted their price target on Phillips 66 from $150.00 to $152.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Piper Sandler set a $153.00 price objective on shares of Phillips 66 in a research note on Monday, January 12th. Finally, Wells Fargo & Company raised their price objective on shares of Phillips 66 from $154.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $154.47.

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.