Phillips 66 (NYSE:PSX) EVP Brian Mandell Sells 23,400 Shares of Stock

Phillips 66 (NYSE:PSX) EVP Brian Mandell sold 23,400 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $265.06, for a total transaction of $6,202,404.00. Following the transaction, the executive vice president owned 61,595 shares in the company, valued at approximately $16,326,370.70. The trade was a 27.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brian Mandell also recently made the following trade(s):

• On Monday, August 10th, Brian Mandell sold 3,300 shares of Phillips 66 stock. The shares were sold at an average price of $214.02, for a total value of $706,266.00.
• On Tuesday, August 11th, Brian Mandell sold 30,000 shares of Phillips 66 stock. The shares were sold at an average price of $215.00, for a total transaction of $6,450,000.00.

Phillips 66 Stock Up 3.4%

Shares of PSX opened at $273.66 on Friday. The firm has a 50 day simple moving average of $229.38 and a two-hundred day simple moving average of $192.83. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.32 and a quick ratio of 1.00. Phillips 66 has a one year low of $126.74 and a one year high of $274.21. The company has a market cap of $109.20 billion, a P/E ratio of 15.59 and a beta of 0.71.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $9.41 earnings per share for the quarter, beating analysts’ consensus estimates of $7.50 by $1.91. The company had revenue of $52.04 billion for the quarter, compared to the consensus estimate of $43.60 billion. Phillips 66 had a net margin of 4.54% and a return on equity of 19.93%. During the same period last year, the company posted $2.38 EPS. Research analysts forecast that Phillips 66 will post 28.28 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th were given a $1.27 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $5.08 dividend on an annualized basis and a yield of 1.9%. Phillips 66’s dividend payout ratio (DPR) is currently 28.95%.

Phillips 66 announced that its board has authorized a share repurchase program on Friday, July 31st that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to buy up to 11.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. BMO Capital Markets raised their price objective on Phillips 66 from $260.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday. Morgan Stanley increased their target price on Phillips 66 from $196.00 to $284.00 and gave the company an “overweight” rating in a research report on Monday. Barclays lifted their price target on Phillips 66 from $183.00 to $216.00 and gave the company an “equal weight” rating in a research note on Thursday, August 6th. The Goldman Sachs Group boosted their price target on Phillips 66 from $207.00 to $235.00 and gave the stock a “neutral” rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen raised Phillips 66 from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 26th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $237.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NFSG Corp lifted its stake in shares of Phillips 66 by 105.6% in the first quarter. NFSG Corp now owns 146 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 75 shares during the period. Axiom Investment Management LLC acquired a new stake in Phillips 66 during the 1st quarter valued at approximately $27,000. Compass Financial Management LLC bought a new position in Phillips 66 during the 2nd quarter worth approximately $28,000. Kelleher Financial Advisors bought a new position in Phillips 66 during the 2nd quarter worth approximately $29,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of Phillips 66 in the 2nd quarter worth approximately $30,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Phillips 66

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

• Positive Sentiment: Phillips 66’s refining operations are benefiting from resilient margins, while its midstream business provides comparatively stable cash flow. This combination may help cushion the company from commodity-price volatility and support investor confidence. Phillips 66: Resilient Refining Meets Midstream Stability
• Positive Sentiment: PSX was identified as one of several stocks showing strong relative price performance amid rising interest rates and volatile markets, suggesting continued technical support and investor selectivity. 5 Relative Price Strength Stocks to Buy Amid Rising Rates
• Neutral Sentiment: Phillips 66 will release its third-quarter 2026 financial results and hold an investor webcast on October 28. The announcement itself does not change current earnings, but the event could become an important catalyst for the stock. Phillips 66 to announce third-quarter financial results
• Negative Sentiment: Executive Vice President Brian Mandell sold 23,400 shares for approximately $6.2 million, reducing his direct holdings by 27.5%. Although insider sales do not necessarily signal deteriorating fundamentals, the transaction may weigh modestly on sentiment. SEC insider ownership filing
• Negative Sentiment: Oil futures are reportedly in backwardation, indicating expectations for lower future prices. Demand destruction and increasing non-OPEC supply could weaken economic growth and reduce support for energy-sector valuations, while questions about labor issues at the Bayway refinery and whether PSX is becoming expensive add uncertainty. The Fed’s Rate Hike Could Backfire If Oil Prices Collapse

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an energy company that operates across the midstream, chemicals, refining and marketing sectors. Headquartered in Houston, Texas, the company was established in 2012 when ConocoPhillips separated its downstream businesses into an independent company.

The company’s midstream operations include transportation, processing, storage and other infrastructure for crude oil, natural gas and natural gas liquids. Phillips 66 also owns and operates refineries that process crude oil into transportation fuels, lubricants, specialty products and other refined petroleum products.

Phillips 66 markets gasoline, diesel and other fuels under the Phillips 66, Conoco and 76 brands, primarily in the United States.