State of New Jersey Common Pension Fund D Sells 6,377 Shares of Phillips 66 $PSX

State of New Jersey Common Pension Fund D decreased its holdings in shares of Phillips 66 (NYSE:PSX) by 4.5% in the fourth quarter, HoldingsChannel reports. The fund owned 136,511 shares of the oil and gas company’s stock after selling 6,377 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Phillips 66 were worth $17,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of PSX. Board of the Pension Protection Fund bought a new stake in shares of Phillips 66 during the 4th quarter valued at $26,000. Accordant Advisory Group Inc grew its stake in shares of Phillips 66 by 900.0% during the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 180 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Phillips 66 during the 4th quarter valued at approximately $27,000. Stephens Consulting LLC grew its stake in shares of Phillips 66 by 67.7% during the 4th quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 90 shares during the period. Finally, Dorato Capital Management bought a new position in shares of Phillips 66 during the 4th quarter valued at approximately $35,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Down 1.5%

PSX opened at $176.45 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.13 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $70.71 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 0.30 and a beta of 0.70. Phillips 66 has a 52 week low of $103.38 and a 52 week high of $190.61. The firm has a 50-day simple moving average of $167.69 and a two-hundred day simple moving average of $149.00.

Phillips 66 (NYSE:PSX) last posted its earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.03. The firm had revenue of $32.54 billion during the quarter, compared to the consensus estimate of $35.86 billion. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.90) EPS. Analysts forecast that Phillips 66 will post 15.47 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be issued a $1.27 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.9%. Phillips 66’s dividend payout ratio (DPR) is presently 50.05%.

Analysts Set New Price Targets

PSX has been the subject of a number of recent research reports. Argus boosted their price objective on Phillips 66 from $152.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Wolfe Research boosted their price objective on Phillips 66 from $187.00 to $193.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Mizuho boosted their price objective on Phillips 66 from $152.00 to $170.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Zacks Research raised shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, Wall Street Zen raised shares of Phillips 66 from a “buy” rating to a “strong-buy” rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $184.50.

Insider Transactions at Phillips 66

In related news, CFO Kevin J. Mitchell sold 16,856 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $168.22, for a total value of $2,835,516.32. Following the completion of the sale, the chief financial officer directly owned 97,376 shares in the company, valued at $16,380,590.72. This trade represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lisa Ann Davis sold 3,800 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $174.37, for a total transaction of $662,606.00. Following the completion of the sale, the director directly owned 8,701 shares of the company’s stock, valued at approximately $1,517,193.37. The trade was a 30.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 95,923 shares of company stock worth $16,399,619 in the last quarter. Company insiders own 0.40% of the company’s stock.

Trending Headlines about Phillips 66

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

• Positive Sentiment: Q1 results beat EPS expectations and management emphasized operational strength despite mark-to-market losses, supporting dividend/cash-return credibility. Phillips 66 Q1 2026 Earnings Call Highlights
• Positive Sentiment: Multiple broker upgrades and higher price targets (Raymond James, JPMorgan; Tudor Pickering upgrade to strong-buy) lift sentiment and imply material upside vs. the current price. Raymond James price target raise JPMorgan price target raise Tudor Pickering upgrade report
• Positive Sentiment: Upward pressure on prices/margins from higher crude and pump prices — Brent spiked on geopolitical reports and U.S. gasoline hit a multi-year high, both supporting refining economics. Brent crude spike report Gasoline hits 4-year high
• Positive Sentiment: Industry peers (e.g., Valero) reported huge refining-margin-driven profits, reinforcing that sector tailwinds can benefit Phillips 66’s refining segment. Valero earnings & margin surge
• Neutral Sentiment: Phillips 66 is running its nine refineries in the low- to mid-90% of capacity — steady utilization but not a clear near-term catalyst by itself. Reuters on refinery run rates
• Neutral Sentiment: Zacks added PSX to its Rank #1 (Strong Buy) growth list and several valuation notes highlight strong YTD returns and an “undervalued” narrative — supportive but already priced into the rally. Zacks Rank #1 mention Valuation assessment
• Positive Sentiment: Management set a goal to reduce net debt to ~$17B by year-end 2027, which supports long-term credit/returns if executed. Seeking Alpha: debt target & Q2 expense
• Negative Sentiment: Company flagged Q2 turnaround costs of roughly $120M–$150M and reported revenue below consensus for Q1, which tempers near-term EPS momentum. Seeking Alpha: Q2 turnaround expense

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.