Cambria Investment Management L.P. Sells 4,434 Shares of Phillips 66 $PSX

Cambria Investment Management L.P. reduced its stake in shares of Phillips 66 (NYSE:PSX) by 6.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 64,520 shares of the oil and gas company’s stock after selling 4,434 shares during the period. Cambria Investment Management L.P.’s holdings in Phillips 66 were worth $8,776,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Evolution Wealth Management Inc. purchased a new position in shares of Phillips 66 in the second quarter worth $25,000. Winnow Wealth LLC purchased a new position in Phillips 66 during the third quarter valued at $36,000. Wealth Watch Advisors INC bought a new stake in Phillips 66 in the 3rd quarter valued at $36,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Phillips 66 in the 2nd quarter valued at $32,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Phillips 66 in the 2nd quarter worth $38,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Shares of NYSE:PSX opened at $173.14 on Thursday. The firm has a fifty day simple moving average of $153.53 and a two-hundred day simple moving average of $140.96. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $178.38. 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 stock has a market capitalization of $69.38 billion, a P/E ratio of 16.00, a PEG ratio of 0.60 and a beta of 0.86.

Phillips 66 (NYSE:PSX) last announced its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.32. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. The firm had revenue of $32.16 billion for the quarter, compared to analysts’ expectations of $33.81 billion. During the same period in the prior year, the company earned ($0.15) EPS. On average, analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, February 23rd were paid a dividend of $1.27 per share. The ex-dividend date of this dividend was Monday, February 23rd. This is an increase from Phillips 66’s previous quarterly dividend of $1.20. This represents a $5.08 annualized dividend and a yield of 2.9%. Phillips 66’s payout ratio is presently 46.95%.

Insider Buying and Selling at Phillips 66

In other news, Director Lisa Ann Davis sold 3,800 shares of Phillips 66 stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $174.37, for a total value of $662,606.00. Following the completion of the transaction, the director owned 8,701 shares in the company, valued at approximately $1,517,193.37. The trade was a 30.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin Omar Meyers bought 175 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were bought at an average cost of $173.20 per share, for a total transaction of $30,310.00. Following the transaction, the director owned 16,624 shares in the company, valued at approximately $2,879,276.80. The trade was a 1.06% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders sold 84,688 shares of company stock valued at $14,066,145. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Jefferies Financial Group raised shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a report on Monday. Barclays set a $158.00 target price on Phillips 66 in a report on Friday, February 20th. Wells Fargo & Company increased their price target on Phillips 66 from $162.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Scotiabank restated a “sector perform” rating and set a $140.00 price target on shares of Phillips 66 in a report on Friday, January 16th. Finally, Wall Street Zen raised Phillips 66 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.33.

Phillips 66 News Summary

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

• Positive Sentiment: Jefferies upgraded PSX to “strong‑buy,” which can attract buyers and support near‑term momentum. Read More.
• Positive Sentiment: Phillips 66 recently raised its quarterly dividend to $1.27 (paid Mar 4), increasing yield and reinforcing the company’s cash‑return policy for income investors. Read More.
• Positive Sentiment: Director Kevin Omar Meyers purchased 175 shares (~$30k), a small insider buy that provides modest validation from management-level ownership. Read More.
• Neutral Sentiment: Mizuho raised its price target to $170 but kept a “neutral” rating—an adjustment that tracks higher prices but is not a clear catalyst. Read More.
• Neutral Sentiment: Management presented at the Piper Sandler energy conference; the transcript provides operational color for investors but contained no market‑moving surprises. Read More.
• Neutral Sentiment: Phillips 66 entered a 364‑day $2.25 billion term loan — a sizable short‑term funding action that supports liquidity but raises questions about near‑term debt rollover and cost. Read More.
• Negative Sentiment: Significant insider selling: EVP Brian Mandell disposed of ~42,800 shares (~$7.26M), a large sale that can weigh on sentiment and prompt investor caution. Read More.
• Negative Sentiment: Director Lisa Ann Davis sold 3,800 shares (~$662k), trimming her stake by ~30%, adding to visible insider exits this month. Read More.

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.