Viking Fund Management LLC Reduces Stock Holdings in Phillips 66 $PSX

Viking Fund Management LLC reduced its position in shares of Phillips 66 (NYSE:PSX) by 5.4% in the third quarter, HoldingsChannel reports. The firm owned 87,000 shares of the oil and gas company’s stock after selling 5,000 shares during the quarter. Phillips 66 makes up 1.4% of Viking Fund Management LLC’s investment portfolio, making the stock its 20th largest position. Viking Fund Management LLC’s holdings in Phillips 66 were worth $11,834,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PSX. Elliott Investment Management L.P. grew its position in Phillips 66 by 1,929.0% during the first quarter. Elliott Investment Management L.P. now owns 15,725,000 shares of the oil and gas company’s stock valued at $1,941,723,000 after buying an additional 14,950,000 shares during the period. Vanguard Group Inc. raised its position in Phillips 66 by 14.8% in the second quarter. Vanguard Group Inc. now owns 46,368,000 shares of the oil and gas company’s stock worth $5,531,702,000 after acquiring an additional 5,978,841 shares during the period. Norges Bank purchased a new position in shares of Phillips 66 during the 2nd quarter worth $523,755,000. Geode Capital Management LLC grew its position in shares of Phillips 66 by 17.4% during the 2nd quarter. Geode Capital Management LLC now owns 10,327,304 shares of the oil and gas company’s stock valued at $1,226,815,000 after acquiring an additional 1,532,967 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in shares of Phillips 66 by 9,530.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,446,469 shares of the oil and gas company’s stock worth $172,564,000 after purchasing an additional 1,431,450 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

More Phillips 66 News

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

• Positive Sentiment: Zacks Research upgraded PSX from “Hold” to “Strong-Buy” and raised multiple near‑ and mid‑term EPS forecasts (Q4 2025, Q1–Q3 2026, FY2025–FY2027), including material lift to FY2026 (to $9.74) and FY2027 (to $12.58). The upgrade plus higher forward earnings expectations is the clear bullish catalyst supporting today’s upside. Zacks Research Report
• Neutral Sentiment: Zacks’ revisions include modest quarter-to-quarter tweaks (e.g., Q2 2026 2.18→2.19, Q4 2025 1.35→1.37) and sit alongside the street consensus (current-year consensus ≈ $6.80). These changes mostly refine timing of earnings rather than signal a structural shift. Zacks Research Detail
• Negative Sentiment: Separately, Wall Street Zen lowered its rating on Phillips 66, a bearish signal that adds selling pressure for some investors and partially offsets the Zacks-driven buying. Phillips 66 Stock Rating Lowered by Wall Street Zen

Insider Buying and Selling

In other Phillips 66 news, EVP Vanessa Allen Sutherland sold 4,393 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $140.00, for a total value of $615,020.00. Following the sale, the executive vice president owned 34,587 shares in the company, valued at $4,842,180. The trade was a 11.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian Mandell sold 26,200 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $137.68, for a total transaction of $3,607,216.00. Following the transaction, the executive vice president directly owned 56,838 shares of the company’s stock, valued at $7,825,455.84. This trade represents a 31.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 86,093 shares of company stock worth $11,933,256. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PSX has been the topic of several analyst reports. Jefferies Financial Group lifted their target price on Phillips 66 from $133.00 to $137.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Zacks Research raised Phillips 66 from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Morgan Stanley lifted their price objective on Phillips 66 from $128.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, October 3rd. Barclays increased their target price on shares of Phillips 66 from $132.00 to $141.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th. Finally, BMO Capital Markets raised their target price on shares of Phillips 66 from $152.00 to $160.00 in a research note on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.35.

Phillips 66 Stock Performance

NYSE PSX opened at $128.95 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.68. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $144.96. The business has a 50-day moving average price of $135.84 and a 200-day moving average price of $130.00. The firm has a market cap of $51.96 billion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 0.67 and a beta of 0.92.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Wednesday, October 29th. The oil and gas company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.38. Phillips 66 had a return on equity of 5.53% and a net margin of 1.12%.The company had revenue of $33.69 billion for the quarter, compared to analysts’ expectations of $32.29 billion. During the same period in the previous year, the firm earned $2.04 EPS. As a group, equities research analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, November 17th. Phillips 66’s payout ratio is 131.15%.

Phillips 66 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.