Roman Butler Fullerton & Co. Purchases 3,966 Shares of Phillips 66 $PSX

Roman Butler Fullerton & Co. boosted its position in shares of Phillips 66 (NYSE:PSX) by 183.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 6,128 shares of the oil and gas company’s stock after purchasing an additional 3,966 shares during the period. Roman Butler Fullerton & Co.’s holdings in Phillips 66 were worth $1,565,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Midland Wealth Advisors LLC bought a new position in shares of Phillips 66 in the third quarter worth $266,000. Ashton Thomas Securities LLC boosted its stake in Phillips 66 by 5.7% during the third quarter. Ashton Thomas Securities LLC now owns 2,255 shares of the oil and gas company’s stock valued at $576,000 after buying an additional 121 shares during the period. Penobscot Investment Management Company Inc. boosted its stake in Phillips 66 by 15.4% during the third quarter. Penobscot Investment Management Company Inc. now owns 7,592 shares of the oil and gas company’s stock valued at $1,938,000 after buying an additional 1,015 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Phillips 66 by 24.8% during the third quarter. Oppenheimer & Co. Inc. now owns 39,478 shares of the oil and gas company’s stock valued at $10,079,000 after buying an additional 7,842 shares during the period. Finally, WESPAC Advisors LLC purchased a new position in Phillips 66 during the third quarter worth about $335,000. Institutional investors own 76.93% of the company’s stock.

Insider Transactions at Phillips 66

In other Phillips 66 news, EVP Richard Harbison sold 52,100 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $223.76, for a total value of $11,657,896.00. Following the transaction, the executive vice president owned 39,094 shares in the company, valued at approximately $8,747,673.44. The trade was a 57.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian Mandell sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $215.00, for a total transaction of $6,450,000.00. Following the transaction, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 108,800 shares of company stock worth $25,016,566 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Phillips 66 Stock Down 7.4%

Shares of NYSE PSX opened at $267.57 on Wednesday. Phillips 66 has a 52 week low of $127.16 and a 52 week high of $299.39. The firm’s fifty day moving average is $264.09 and its 200 day moving average is $196.48. The company has a market cap of $106.77 billion, a price-to-earnings ratio of 15.25 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 EPS for the quarter, beating analysts’ consensus estimates of $7.50 by $1.91. The firm had revenue of $51 billion for the quarter, compared to the consensus estimate of $43.60 billion. During the same quarter in the prior year, the company earned $2.38 earnings per share. Equities research analysts anticipate that Phillips 66 will post 31.39 earnings per share for the current year.

Phillips 66 announced that its board has authorized a stock repurchase program on Friday, July 31st that allows the company to repurchase $10 billion in outstanding shares. This repurchase authorization allows the oil and gas company to buy up to 11.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 17th will be given a $1.33 dividend. The ex-dividend date is Tuesday, November 17th. This is a positive change from Phillips 66’s previous quarterly dividend of $1.27. This represents a $5.32 dividend on an annualized basis and a dividend yield of 2.0%. Phillips 66’s dividend payout ratio is presently 30.31%.

More Phillips 66 News

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

Analyst Upgrades and Downgrades

PSX has been the subject of several recent analyst reports. Mizuho restated a “neutral” rating and set a $300.00 target price (up from $220.00) on shares of Phillips 66 in a research report on Thursday, October 8th. Citigroup raised their price target on Phillips 66 from $217.00 to $297.00 and gave the company a “neutral” rating in a report on Tuesday, October 13th. UBS Group lifted their price target on Phillips 66 from $235.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, September 8th. Barclays boosted their price objective on Phillips 66 from $216.00 to $282.00 and gave the stock an “equal weight” rating in a report on Monday, October 12th. Finally, BMO Capital Markets boosted their price objective on Phillips 66 from $260.00 to $310.00 and gave the stock an “outperform” rating in a report on Thursday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Phillips 66 currently has a consensus rating of “Moderate Buy” and an average price target of $269.88.

Phillips 66 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.