Phillips 66 $PSX Stock Purchased by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. grew its position in shares of Phillips 66 (NYSE:PSX) by 183.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,128 shares of the oil and gas company’s stock after buying an additional 3,966 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Phillips 66 were worth $1,565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Proficio Capital Partners LLC bought a new stake in shares of Phillips 66 during the 2nd quarter worth $384,000. BlackRock Inc. bought a new position in Phillips 66 during the second quarter valued at about $5,766,779,000. Fifth Third Bancorp grew its position in Phillips 66 by 543.7% during the first quarter. Fifth Third Bancorp now owns 128,156 shares of the oil and gas company’s stock valued at $23,348,000 after buying an additional 108,248 shares during the period. West Family Investments Inc. purchased a new stake in Phillips 66 during the second quarter worth about $724,000. Finally, Stack Financial Management Inc purchased a new stake in Phillips 66 during the second quarter worth about $36,317,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Down 7.4%

Shares of PSX stock opened at $267.57 on Wednesday. The firm’s 50 day moving average is $264.09 and its 200 day moving average is $196.48. The stock has a market capitalization of $106.77 billion, a P/E ratio of 15.25 and a beta of 0.71. Phillips 66 has a 12 month low of $127.16 and a 12 month high of $299.39.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data 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 business had revenue of $51 billion during the quarter, compared to analysts’ expectations of $43.60 billion. During the same quarter in the prior year, the firm posted $2.38 earnings per share. On average, equities analysts predict that Phillips 66 will post 31.39 EPS for the current year.

Phillips 66 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be given a dividend of $1.33 per share. This is an increase from Phillips 66’s previous quarterly dividend of $1.27. This represents a $5.32 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, November 17th. Phillips 66’s dividend payout ratio (DPR) is currently 30.31%.

Phillips 66 declared that its board has authorized a share buyback plan on Friday, July 31st that authorizes the company to repurchase $10 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to purchase up to 11.8% of its stock through open market purchases. Share buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts have commented on PSX shares. Wall Street Zen raised shares of Phillips 66 from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 26th. BMO Capital Markets boosted their target price on shares of Phillips 66 from $260.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, September 17th. The Goldman Sachs Group increased their target price on shares of Phillips 66 from $245.00 to $274.00 and gave the company a “neutral” rating in a research report on Wednesday, September 30th. Raymond James Financial restated an “outperform” rating and set a $335.00 price target on shares of Phillips 66 in a research note on Monday, October 19th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $300.00 price target (up from $220.00) on shares of Phillips 66 in a report on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $269.88.

Insiders Place Their Bets

In other news, EVP Richard Harbison sold 52,100 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $223.76, for a total value of $11,657,896.00. Following the completion of the transaction, the executive vice president directly owned 39,094 shares of the company’s stock, valued at $8,747,673.44. This trade represents a 57.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian Mandell sold 30,000 shares of Phillips 66 stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $215.00, for a total value of $6,450,000.00. Following the completion of the transaction, the executive vice president owned 61,595 shares of the company’s stock, valued at approximately $13,242,925. This trade represents a 32.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 108,800 shares of company stock valued at $25,016,566 over the last ninety days. Corporate insiders own 0.40% of the company’s stock.

Key Stories Impacting Phillips 66

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

• Positive Sentiment: Analysts expect a significant year-over-year improvement in third-quarter results, with consensus estimates calling for approximately $11.79 in earnings per share and $43.23 billion in revenue, compared with $2.52 EPS in the prior-year quarter. How to Earn $500 a Month From Phillips 66 Stock Ahead of Q3 Earnings
• Positive Sentiment: Strong refining margins, supported by constrained global capacity and resilient fuel demand, remain the central bullish argument. Phillips 66’s ability to process a flexible crude slate and use discounted heavy crude could further support profitability; the company estimates that each $1 widening in the WTI-WCS spread can add about $140 million to annual EBITDA. How PSX’s Flexible Crude Slate Supports Its Refining Economics
• Positive Sentiment: Phillips 66 recently approved its second dividend increase of 2026, lifting the quarterly payout 4.7% to $1.33. The increase, combined with strong expected earnings and a relatively low payout ratio, reinforces the income and cash-flow case for the stock. Phillips 66 Dividend Information
• Neutral Sentiment: Zacks included PSX among its preferred refining and marketing stocks because of strong industry profit margins, while institutional trading was mixed, with more investors adding shares than reducing positions in the latest reported quarter. Top Refining and Marketing Picks
• Negative Sentiment: Gasoline futures fell to a seven-week low, raising concerns that fuel-market tightness and refining margins could moderate from unusually high levels. Traders may also be locking in gains after PSX’s powerful advance. Phillips 66 Slides as Traders Reassess Refining Upside Ahead of Earnings
• Negative Sentiment: A recent brokerage downgrade argued that much of the refining-sector earnings improvement is already reflected in share prices and that additional policy support may be limited. Reported insider activity has also been weighted heavily toward sales, adding to investor caution.
• Negative Sentiment: Several analyst price targets cited in recent coverage are below the current market valuation, suggesting expectations for a pullback if Wednesday’s results do not clearly exceed forecasts. Phillips 66 Price Swing

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an energy manufacturing and logistics company headquartered in Houston, Texas. The company was established in 2012 following the separation of ConocoPhillips’ downstream and midstream businesses.

Phillips 66 operates across midstream, chemicals, refining and marketing. Its midstream activities include gathering, processing, transporting and storing crude oil, natural gas and natural gas liquids. Through its refining operations, the company converts crude oil and other feedstocks into gasoline, diesel, jet fuel, lubricants and other refined petroleum products.

The company markets fuel and related products under the Phillips 66, 76 and Conoco brands, serving retail, commercial, aviation and industrial customers.