Phillips 66 $PSX Shares Sold by Sendero Wealth Management LLC

Sendero Wealth Management LLC lowered its holdings in Phillips 66 (NYSE:PSX) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,863 shares of the oil and gas company’s stock after selling 4,704 shares during the quarter. Sendero Wealth Management LLC’s holdings in Phillips 66 were worth $2,950,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PSX. Vanguard Group Inc. grew its holdings in shares of Phillips 66 by 11.6% during the 3rd quarter. Vanguard Group Inc. now owns 51,724,558 shares of the oil and gas company’s stock worth $7,035,574,000 after purchasing an additional 5,356,558 shares during the period. Norges Bank purchased a new stake in Phillips 66 in the 2nd quarter valued at about $523,755,000. Elliott Investment Management L.P. raised its holdings in Phillips 66 by 22.4% in the 2nd quarter. Elliott Investment Management L.P. now owns 19,251,000 shares of the oil and gas company’s stock valued at $2,296,644,000 after buying an additional 3,526,000 shares during the period. AQR Capital Management LLC lifted its position in Phillips 66 by 424.7% in the third quarter. AQR Capital Management LLC now owns 1,893,195 shares of the oil and gas company’s stock valued at $257,512,000 after buying an additional 1,532,389 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in Phillips 66 in the second quarter valued at about $107,967,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Activity

In other Phillips 66 news, EVP Brian Mandell sold 42,800 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $169.53, for a total transaction of $7,255,884.00. Following the sale, the executive vice president owned 61,595 shares in the company, valued at $10,442,200.35. This represents a 41.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lisa Ann Davis sold 3,800 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $174.37, for a total value of $662,606.00. Following the completion of the sale, the director directly owned 8,701 shares in the company, valued at $1,517,193.37. This represents a 30.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 84,688 shares of company stock worth $14,066,145 over the last three months. Company insiders own 0.22% of the company’s stock.

Key Phillips 66 News

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

• Positive Sentiment: Raymond James raised its price target to $205 and kept an outperform rating, citing nearly doubled refining margins that materially improve PSX’s earnings outlook; that upgrade is a direct catalyst for investor buying. Raymond James Sets $205 Target on PSX
• Positive Sentiment: Phillips 66 and Kinder Morgan extended the second open season for the Western Gateway pipeline, which helps secure long-term transport commitments into the Los Angeles market and reduces logistics risk for refined-product flows. Business Wire: Open Season Extension
• Positive Sentiment: Zacks flagged PSX as a strong momentum stock, reflecting positive style-score signals that can attract quant and momentum buyers and reinforce the recent run. Zacks: Strong Momentum Stock
• Positive Sentiment: Zacks also highlights PSX as a strong growth stock based on its style scores, reinforcing the buy-side narrative that the company is delivering improving fundamentals. Zacks: Strong Growth Stock
• Positive Sentiment: Coverage noting PSX set a new 52‑week high is reinforcing momentum traders and headline-driven flows into the stock. AmericanBankingNews: Sets New 52-Week High
• Neutral Sentiment: Some commentary is examining valuation after the recent rally — higher multiples raise the risk that further upside depends on sustained margins and execution rather than multiple expansion alone. Yahoo Finance: Valuation After Momentum
• Neutral Sentiment: Investor reaction pieces synthesize the pipeline extension and margin backdrop; these help explain the stock’s move but note outcomes still depend on finalized shipper commitments and sustained refining spreads. Yahoo Finance: How Investors Are Reacting

Analyst Ratings Changes

PSX has been the subject of a number of recent analyst reports. Scotiabank reiterated a “sector perform” rating and set a $140.00 price target on shares of Phillips 66 in a research report on Friday, January 16th. BMO Capital Markets restated an “outperform” rating and issued a $170.00 price objective on shares of Phillips 66 in a report on Friday, February 6th. Morgan Stanley increased their price objective on shares of Phillips 66 from $140.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Jefferies Financial Group upgraded shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a report on Monday, March 16th. Finally, Citigroup boosted their target price on Phillips 66 from $146.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus target price of $164.00.

Phillips 66 Price Performance

Phillips 66 stock opened at $184.10 on Friday. The firm has a market cap of $73.78 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 0.34 and a beta of 0.86. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $187.57. The company has a quick ratio of 0.91, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $158.24 and its two-hundred day moving average is $142.89.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.15 by $0.32. The business had revenue of $32.16 billion during the quarter, compared to the consensus estimate 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 firm posted ($0.15) earnings per share. On average, research analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were issued a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 2.8%. This is a boost from Phillips 66’s previous quarterly dividend of $1.20. The ex-dividend date was Monday, February 23rd. Phillips 66’s dividend payout ratio (DPR) is 46.95%.

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.