Insider Selling: Phillips 66 (NYSE:PSX) CFO Sells $2,970,604.03 in Stock

Phillips 66 (NYSE:PSX) CFO Kevin Mitchell sold 15,629 shares of the firm’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $190.07, for a total value of $2,970,604.03. Following the sale, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at approximately $18,508,256.32. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Phillips 66 Stock Performance

Shares of PSX opened at $176.17 on Friday. The company has a 50-day moving average of $163.10 and a two-hundred day moving average of $145.02. The stock has a market cap of $70.60 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 0.31 and a beta of 0.76. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 0.91. Phillips 66 has a one year low of $91.01 and a one year high of $190.61.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results 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. The business had revenue of $32.16 billion for the quarter, compared to analyst estimates 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 previous year, the business earned ($0.15) earnings per share. On average, equities research analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $5.08 annualized dividend and a yield of 2.9%. Phillips 66’s dividend payout ratio (DPR) is presently 46.95%.

Analyst Ratings Changes

Several brokerages have recently commented on PSX. Zacks Research cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. The Goldman Sachs Group increased their price objective on Phillips 66 from $168.00 to $186.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. UBS Group raised their price objective on Phillips 66 from $172.00 to $212.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company lifted their target price on Phillips 66 from $163.00 to $201.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Finally, Argus upped their target price on Phillips 66 from $152.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. One research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.78.

More Phillips 66 News

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

• Positive Sentiment: Analyst upgrade: UBS raised its PSX price target to $212 and maintained a Buy rating, implying meaningful upside versus recent levels. Phillips 66 (NYSE:PSX) Price Target Raised to $212.00 at UBS Group
• Positive Sentiment: Additional broker support: Wells Fargo and TD Cowen also boosted targets/ratings this week, reinforcing analyst conviction that refining/midstream fundamentals and dividends justify higher valuations. Wells Fargo Increases Phillips 66 Price Target to $201
• Positive Sentiment: Earnings momentum: Coverage notes Phillips 66 has a strong history of beating earnings and consensus models expect substantial year‑over‑year EPS growth for Q1, a near‑term catalyst if results meet or beat. Will Phillips 66 (PSX) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Upcoming catalyst: Q1 earnings are due later this month — results and management commentary will likely determine near‑term direction and validate (or reverse) recent upgrades. Phillips 66’s Q1 2026 Earnings: What to Expect
• Neutral Sentiment: Valuation/metrics: At a market cap ~ $70.6B with a mid‑teens P/E and moderate leverage, PSX looks attractively priced to some analysts but remains sensitive to refining margins and commodity swings. MarketBeat PSX Summary
• Negative Sentiment: Insider selling: CFO Kevin Mitchell sold 15,629 shares (~$2.97M) at about $190/share (SEC filing); while not uncommon, the sale reduces insider ownership and may raise short‑term caution premiums. SEC Form 4 – Kevin Mitchell
• Negative Sentiment: Recent price weakness: PSX pulled back in recent sessions (~3.6% drop noted in headlines), signaling near‑term volatility despite analyst enthusiasm. Phillips 66 (PSX) Stock Dips While Market Gains
• Negative Sentiment: Broader insider dispositions: Media reports of cumulative insider selling over the past year may concern some investors about near‑term conviction. Insider Selling Coverage

Institutional Trading of Phillips 66

Several hedge funds and other institutional investors have recently modified their holdings of the company. Old North State Trust LLC raised its holdings in shares of Phillips 66 by 10.8% during the fourth quarter. Old North State Trust LLC now owns 5,664 shares of the oil and gas company’s stock worth $731,000 after acquiring an additional 552 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Phillips 66 by 5.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 150,396 shares of the oil and gas company’s stock valued at $19,407,000 after purchasing an additional 7,758 shares in the last quarter. World Investment Advisors increased its position in Phillips 66 by 5.1% in the 4th quarter. World Investment Advisors now owns 12,407 shares of the oil and gas company’s stock worth $1,601,000 after purchasing an additional 599 shares during the last quarter. Green Ridge Wealth Planning LLC acquired a new position in Phillips 66 in the 4th quarter worth about $250,000. Finally, Bayban purchased a new stake in shares of Phillips 66 during the 4th quarter worth about $58,000. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

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.