Franklin Parlapiano Turner & Welch LLC Decreases Stake in Phillips 66 $PSX

Franklin Parlapiano Turner & Welch LLC decreased its position in Phillips 66 (NYSE:PSX) by 27.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,743 shares of the oil and gas company’s stock after selling 8,774 shares during the period. Phillips 66 accounts for 0.8% of Franklin Parlapiano Turner & Welch LLC’s holdings, making the stock its 27th biggest position. Franklin Parlapiano Turner & Welch LLC’s holdings in Phillips 66 were worth $3,283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Phillips 66 by 11.6% in the 3rd quarter. Vanguard Group Inc. now owns 51,724,558 shares of the oil and gas company’s stock valued at $7,035,574,000 after buying an additional 5,356,558 shares during the last quarter. Elliott Investment Management L.P. increased its stake 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 last quarter. Amundi increased its stake in Phillips 66 by 2.8% in the 3rd quarter. Amundi now owns 2,400,180 shares of the oil and gas company’s stock valued at $319,123,000 after buying an additional 65,568 shares during the last quarter. Legal & General Group Plc increased its stake in Phillips 66 by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 2,276,036 shares of the oil and gas company’s stock valued at $309,586,000 after buying an additional 33,397 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Phillips 66 by 424.7% in the 3rd 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. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 News Roundup

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

• Positive Sentiment: Multiple Wall Street firms raised price targets and kept generally constructive ratings (Piper Sandler to $177, Barclays to $177, JPMorgan to $188, BMO to $195), signaling analyst confidence in PSX’s medium‑term outlook despite near‑term volatility. Piper Sandler raise Barclays raise JPMorgan raise BMO raise
• Positive Sentiment: Energy sector strength from the Iran conflict has lifted oil and diesel prices, which can boost refining and midstream cash flows over time—a tailwind for PSX’s core businesses. Oil surge article
• Neutral Sentiment: Analyst commentary (Wolfe Research cited) expects the stock to rise, reflecting differing views on how temporary derivative hits will translate into long‑term earnings; this keeps opinions mixed and trading volatile. Wolfe Research note
• Negative Sentiment: Phillips 66 flagged roughly $900 million (pre‑tax) mark‑to‑market losses on net‑short commodity derivative positions as oil surged; the refining segment is expected to absorb $350–$450 million of that hit. This is the primary near‑term driver of the stock decline because it will depress Q1 reported results and inject earnings volatility. Yahoo Finance on $900M loss Offshore-Technology coverage Seeking Alpha on derivatives losses

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PSX. Piper Sandler raised their price target on shares of Phillips 66 from $168.00 to $177.00 and gave the stock a “neutral” rating in a research note on Wednesday. The Goldman Sachs Group raised their price target on shares of Phillips 66 from $168.00 to $186.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Wall Street Zen upgraded shares of Phillips 66 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Mizuho raised their price target on shares of Phillips 66 from $152.00 to $170.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Finally, Morgan Stanley raised their price target on shares of Phillips 66 from $140.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $179.06.

Phillips 66 Stock Down 3.9%

PSX opened at $167.92 on Thursday. The company has a 50 day moving average of $165.02 and a 200 day moving average of $145.90. The company has a market cap of $67.29 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 0.31 and a beta of 0.76. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $190.61. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data 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 company 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 period last year, the firm earned ($0.15) EPS. On average, sell-side analysts expect that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were issued a $1.27 dividend. This is a boost from Phillips 66’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $5.08 annualized dividend and a yield of 3.0%. Phillips 66’s payout ratio is 46.95%.

Insider Buying and Selling

In related news, Director Lisa Ann Davis sold 3,800 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 8,701 shares of the company’s stock, valued at approximately $1,517,193.37. This trade represents a 30.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Vanessa Allen Sutherland sold 4,394 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $150.00, for a total transaction of $659,100.00. Following the completion of the transaction, the executive vice president directly owned 25,799 shares of the company’s stock, valued at approximately $3,869,850. This trade represents a 14.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,317 shares of company stock worth $17,036,749 in the last 90 days. 0.22% of the stock is currently owned by company insiders.

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.