San Luis Wealth Advisors LLC Sells 3,541 Shares of Phillips 66 $PSX

San Luis Wealth Advisors LLC lowered its stake in shares of Phillips 66 (NYSE:PSX) by 8.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 39,108 shares of the oil and gas company’s stock after selling 3,541 shares during the period. San Luis Wealth Advisors LLC’s holdings in Phillips 66 were worth $5,319,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PSX. Evolution Wealth Management Inc. acquired a new stake in Phillips 66 during the second quarter worth about $25,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Phillips 66 in the 2nd quarter valued at approximately $32,000. Winnow Wealth LLC acquired a new position in Phillips 66 in the 3rd quarter valued at approximately $36,000. Wealth Watch Advisors INC bought a new stake in shares of Phillips 66 in the 3rd quarter worth approximately $36,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Phillips 66 in the 2nd quarter worth approximately $38,000. Institutional investors own 76.93% of the company’s stock.

Insider Buying and Selling

In related news, CFO Kevin J. Mitchell sold 16,856 shares of Phillips 66 stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $168.22, for a total transaction of $2,835,516.32. Following the completion of the transaction, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at $16,380,590.72. This trade represents a 14.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin Omar Meyers purchased 175 shares of Phillips 66 stock in a transaction on Tuesday, March 17th. The stock was purchased at an average price of $173.20 per share, for a total transaction of $30,310.00. Following the completion of the transaction, the director owned 16,624 shares of the company’s stock, valued at approximately $2,879,276.80. This represents a 1.06% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 84,688 shares of company stock worth $14,066,145 in the last three months. Company insiders own 0.22% of the company’s stock.

Phillips 66 News Roundup

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

• Positive Sentiment: Jefferies upgraded PSX from “hold” to “strong‑buy”, which can attract buyer interest and support the stock. Jefferies Upgrade
• Positive Sentiment: Board/executive-friendly cash return: Phillips 66 recently raised its quarterly dividend to $1.27 (paid Mar 4), boosting yield and income appeal for yield‑seeking investors. Dividend Notice
• Positive Sentiment: Director Kevin Omar Meyers bought 175 shares (~$30.3k), a small but supportive insider purchase disclosed to the SEC. Kevin Meyers SEC Filing
• Neutral Sentiment: Piper Sandler presentation transcript was released (investor / management commentary available), which may provide operational color but no headline surprises reported so far. Conference Transcript
• Neutral Sentiment: Mizuho raised its price target to $170 but kept a “neutral” rating — the PT is near current levels, so it’s not a clear catalyst. Mizuho Note
• Neutral Sentiment: Analyst/ownership backdrop: mixed analyst ratings (buy/hold split) and steady institutional ownership; recent quarterly EPS beat (Feb 4) but revenue missed consensus — a mixed fundamentals picture that tempers large moves. Analyst & Earnings Summary
• Negative Sentiment: Large insider sales: EVP Brian Mandell sold 42,800 shares (~$7.26M), a significant reduction in insider holdings that can pressure sentiment. Mandell SEC Filing
• Negative Sentiment: Director Lisa Ann Davis sold 3,800 shares (~$662.6k), trimming her stake by ~30%, another sign of insider selling pressure. Davis Sale

Phillips 66 Trading Down 0.4%

Shares of PSX opened at $172.83 on Wednesday. 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 stock has a market cap of $69.26 billion, a PE ratio of 15.97, a PEG ratio of 0.60 and a beta of 0.86. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $178.38. The stock has a 50 day simple moving average of $152.83 and a 200-day simple moving average of $140.74.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.15 by $0.32. Phillips 66 had a return on equity of 9.13% and a net margin of 3.22%.The business had revenue of $32.16 billion for the quarter, compared to analyst estimates of $33.81 billion. During the same quarter in the previous year, the firm earned ($0.15) EPS. On average, sell-side analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, February 23rd were issued a dividend of $1.27 per share. The ex-dividend date of this dividend was Monday, February 23rd. This is a boost from Phillips 66’s previous quarterly dividend of $1.20. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.9%. Phillips 66’s dividend payout ratio (DPR) is 46.95%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PSX shares. Wall Street Zen upgraded Phillips 66 from a “buy” rating to a “strong-buy” rating in a research report on Saturday. The Goldman Sachs Group raised their target price on Phillips 66 from $168.00 to $186.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Zacks Research downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Wells Fargo & Company boosted their price target on shares of Phillips 66 from $162.00 to $163.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Finally, Scotiabank restated a “sector perform” rating and issued a $140.00 price objective on shares of Phillips 66 in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Phillips 66 presently has an average rating of “Moderate Buy” and an average target price of $162.33.

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.