Richard Harbison Sells 52,100 Shares of Phillips 66 (NYSE:PSX) Stock

Phillips 66 (NYSE:PSX) EVP Richard Harbison sold 52,100 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Phillips 66 Price Performance

NYSE:PSX traded up $6.97 during mid-day trading on Thursday, reaching $232.55. 2,388,572 shares of the stock were exchanged, compared to its average volume of 2,828,405. Phillips 66 has a 1-year low of $119.80 and a 1-year high of $232.89. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average price of $190.75 and a 200 day moving average price of $174.91. The firm has a market capitalization of $92.79 billion, a PE ratio of 13.25, a PEG ratio of 0.16 and a beta of 0.68.

Phillips 66 (NYSE:PSX) last released its earnings results on Wednesday, August 5th. The oil and gas company reported $9.41 EPS for the quarter, topping analysts’ consensus estimates of $7.50 by $1.91. Phillips 66 had a net margin of 4.54% and a return on equity of 19.93%. The business had revenue of $52.04 billion for the quarter, compared to the consensus estimate of $43.60 billion. During the same period in the previous year, the firm earned $2.38 EPS. Research analysts expect that Phillips 66 will post 24.44 earnings per share for the current fiscal year.

Phillips 66 announced that its board has initiated a stock buyback 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 stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Phillips 66 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be issued a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, August 18th. Phillips 66’s payout ratio is presently 28.95%.

Key Headlines Impacting Phillips 66

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

• Positive Sentiment: Refining margins and cash flow remain powerful catalysts. Phillips 66’s second-quarter refining margin reached $24.08 per barrel, while debt declined by $6.6 billion. Strong fuel margins, partly linked to supply disruptions, helped Phillips 66, Marathon Petroleum and Valero generate combined second-quarter profits of $12.6 billion. Phillips 66 Q2 2026 Earnings Call Transcript
• Positive Sentiment: Buybacks and dividends support the stock. The three refiners returned $6.3 billion to shareholders during the quarter, more than double the prior year’s amount. Phillips 66 also has a $10 billion share-repurchase authorization and recently declared a quarterly dividend of $1.27 per share, reinforcing the investment case. US refiners ramp up buybacks as Iran war boosts fuel margins
• Positive Sentiment: Analyst support and infrastructure expansion add optimism. J.P. Morgan maintained its Buy rating, while the Western Gateway joint venture approved a roughly $5 billion, 1,300-mile refined-products pipeline. The project could create long-term logistics revenue by connecting Midcontinent and Gulf Coast supplies with Western markets. J.P. Morgan Sticks to Its Buy Rating for Phillips 66
• Neutral Sentiment: Valuation is becoming a consideration. Zacks noted that PSX’s premium valuation is supported by strong refining margins, diversified cash flows and debt reduction, but cautioned that regulatory risks remain. Sustaining elevated margins will be important because refining earnings are cyclical.
• Negative Sentiment: Insider selling may weigh on near-term sentiment. EVP Brian Mandell sold 33,300 shares for approximately $7.2 million, while another insider sold about $1.7 million after exercising options. These sales followed a strong quarter and may represent profit-taking or option-related transactions, but they reduce perceived insider conviction. Phillips 66 EVP Sells Stock

Institutional Trading of Phillips 66

Several hedge funds have recently modified their holdings of PSX. BlackRock Inc. acquired a new position in shares of Phillips 66 during the second quarter valued at $5,766,779,000. Bank of New York Mellon Corp acquired a new position in Phillips 66 during the second quarter valued at approximately $1,093,206,000. Norges Bank acquired a new position in shares of Phillips 66 in the 4th quarter valued at $640,206,000. M&T Bank Corp increased its holdings in shares of Phillips 66 by 462.9% in the fourth quarter. M&T Bank Corp now owns 2,727,888 shares of the oil and gas company’s stock worth $352,007,000 after acquiring an additional 2,243,268 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in Phillips 66 during the 2nd quarter worth approximately $271,128,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PSX. Guggenheim raised Phillips 66 to an “outperform” rating in a research note on Wednesday, May 27th. Tudor Pickering raised shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Scotiabank increased their price target on Phillips 66 from $140.00 to $151.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Jefferies Financial Group boosted their price objective on Phillips 66 from $191.00 to $207.00 and gave the stock a “hold” rating in a research report on Thursday, July 9th. Finally, BMO Capital Markets increased their price target on shares of Phillips 66 from $195.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $206.56.

Phillips 66 Company 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.