Wilmington Savings Fund Society FSB Has $2.37 Million Stock Holdings in Phillips 66 $PSX

Wilmington Savings Fund Society FSB reduced its holdings in shares of Phillips 66 (NYSE:PSX) by 52.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,437 shares of the oil and gas company’s stock after selling 19,465 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Phillips 66 were worth $2,372,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PSX. L2 Asset Management LLC increased its holdings in Phillips 66 by 4.0% in the 3rd quarter. L2 Asset Management LLC now owns 1,893 shares of the oil and gas company’s stock worth $257,000 after purchasing an additional 72 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in shares of Phillips 66 by 0.5% during the third quarter. Mesirow Financial Investment Management Inc. now owns 15,658 shares of the oil and gas company’s stock worth $2,130,000 after purchasing an additional 73 shares during the last quarter. KCM Investment Advisors LLC grew its holdings in shares of Phillips 66 by 1.6% during the third quarter. KCM Investment Advisors LLC now owns 4,636 shares of the oil and gas company’s stock worth $631,000 after purchasing an additional 74 shares during the last quarter. Heck Capital Advisors LLC increased its stake in shares of Phillips 66 by 1.2% in the third quarter. Heck Capital Advisors LLC now owns 6,124 shares of the oil and gas company’s stock valued at $833,000 after buying an additional 75 shares during the period. Finally, Portside Wealth Group LLC increased its stake in shares of Phillips 66 by 3.8% in the third quarter. Portside Wealth Group LLC now owns 2,033 shares of the oil and gas company’s stock valued at $277,000 after buying an additional 75 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Up 0.2%

Shares of NYSE PSX opened at $173.14 on Thursday. The company’s 50 day moving average price is $153.53 and its 200-day moving average price is $140.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.91 and a current ratio of 1.30. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $178.38. The company has a market capitalization of $69.38 billion, a P/E ratio of 16.00, a price-to-earnings-growth 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 for the quarter, topping analysts’ consensus estimates of $2.15 by $0.32. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. The business had revenue of $32.16 billion during the quarter, compared to the consensus estimate of $33.81 billion. During the same quarter last year, the firm earned ($0.15) earnings per share. Equities analysts forecast that Phillips 66 will post 6.8 earnings per share for the current 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. This is a boost from Phillips 66’s previous quarterly dividend of $1.20. The ex-dividend date was Monday, February 23rd. This represents a $5.08 annualized dividend and a yield of 2.9%. Phillips 66’s dividend payout ratio (DPR) is 46.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PSX shares. Barclays set a $158.00 target price on shares of Phillips 66 in a research report on Friday, February 20th. Jefferies Financial Group upgraded shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a research report on Monday. The Goldman Sachs Group lifted their price target on shares of Phillips 66 from $168.00 to $186.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Raymond James Financial increased their price objective on Phillips 66 from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. lowered their target price on Phillips 66 from $154.00 to $151.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $162.33.

Insider Activity at Phillips 66

In related news, EVP Vanessa Allen Sutherland sold 4,394 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $150.00, for a total transaction of $659,100.00. Following the completion of the sale, the executive vice president owned 25,799 shares in the company, valued at approximately $3,869,850. This trade represents a 14.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Kevin J. Mitchell sold 16,856 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $168.22, for a total transaction of $2,835,516.32. Following the transaction, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at $16,380,590.72. This represents a 14.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 84,688 shares of company stock valued at $14,066,145 over the last three months. Insiders own 0.22% of the company’s stock.

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.

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.