Phillips 66 $PSX Stock Holdings Lifted by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY increased its holdings in Phillips 66 (NYSE:PSX) by 1.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 294,220 shares of the oil and gas company’s stock after buying an additional 3,410 shares during the period. Phillips 66 makes up about 1.5% of Miller Howard Investments Inc. NY’s portfolio, making the stock its 27th largest holding. Miller Howard Investments Inc. NY’s holdings in Phillips 66 were worth $53,601,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new position in Phillips 66 during the 4th quarter worth $640,206,000. M&T Bank Corp boosted its position in Phillips 66 by 462.9% during the 4th quarter. M&T Bank Corp now owns 2,727,888 shares of the oil and gas company’s stock worth $352,007,000 after acquiring an additional 2,243,268 shares during the period. AQR Capital Management LLC grew its stake in shares of Phillips 66 by 424.7% in the third quarter. AQR Capital Management LLC now owns 1,893,195 shares of the oil and gas company’s stock worth $257,512,000 after purchasing an additional 1,532,389 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new position in shares of Phillips 66 in the second quarter worth $107,967,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Phillips 66 by 732.0% during the fourth quarter. NewEdge Advisors LLC now owns 996,955 shares of the oil and gas company’s stock valued at $128,647,000 after purchasing an additional 877,131 shares during the period. 76.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Kevin J. Mitchell sold 600 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $171.56, for a total transaction of $102,936.00. Following the completion of the sale, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at $16,705,826.56. This trade represents a 0.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kevin Omar Meyers bought 175 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was bought at an average price of $173.12 per share, for a total transaction of $30,296.00. Following the completion of the acquisition, the director directly owned 16,799 shares in the company, valued at approximately $2,908,242.88. The trade was a 1.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 45,629 shares of company stock valued at $8,071,540 in the last quarter. Insiders own 0.40% of the company’s stock.

Key Headlines Impacting Phillips 66

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

• Positive Sentiment: Energy stocks were slightly higher ahead of the open, providing a supportive backdrop for Phillips 66 and other refiners. Sector Update: Energy Stocks Slightly Higher Pre-Bell Tuesday
• Positive Sentiment: Phillips 66 was highlighted as a growth leader among S&P 500 energy stocks, reinforcing the view that its fundamentals remain relatively strong versus peers. Phillips 66 stands out as growth leader among S&P 500 energy stocks
• Positive Sentiment: Research on oil refiners noted that higher crack spreads could boost cash flow and share buybacks, a favorable setup for Phillips 66. 3 Oil Refiners Built to Cash In on Higher Crack Spreads (PSX)
• Neutral Sentiment: At a conference presentation, Phillips 66 reiterated its strategy and outlook, but the item did not include a major new catalyst for the shares. Phillips 66 (PSX) Presents at J.P. Morgan Energy, Power & Renewables Conference 2026 Transcript
• Neutral Sentiment: Kanin Energy announced a waste-heat power project at a Phillips 66 gas plant, which may improve operating efficiency over time but is not likely to move the stock materially today. Kanin Energy Develops 7 MW Waste Heat to Power Project at Colorado Gas Plant
• Negative Sentiment: Phillips 66’s CEO said shipping uncertainty around the Strait of Hormuz could keep crude supply disruptions in place longer, which may create operational and logistics uncertainty for refiners. Phillips 66 CEO says Hormuz supply disruptions may linger amid shipping uncertainty

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PSX shares. Piper Sandler upped their price objective on shares of Phillips 66 from $168.00 to $177.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Guggenheim upgraded shares of Phillips 66 to an “outperform” rating in a research report on Wednesday, May 27th. Morgan Stanley upped their price target on shares of Phillips 66 from $180.00 to $196.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. BMO Capital Markets increased their price objective on shares of Phillips 66 from $195.00 to $215.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Tudor Pickering upgraded shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $192.33.

Phillips 66 Stock Performance

Shares of PSX opened at $170.85 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85. The firm’s 50 day moving average is $172.32 and its 200-day moving average is $159.50. Phillips 66 has a 12-month low of $118.00 and a 12-month high of $190.61. The stock has a market capitalization of $68.50 billion, a P/E ratio of 16.83, a P/E/G ratio of 0.24 and a beta of 0.68.

Phillips 66 (NYSE:PSX) last released its earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 EPS for the quarter, beating the consensus estimate of ($0.54) by $1.03. The business had revenue of $32.54 billion during the quarter, compared to analyst estimates of $35.86 billion. Phillips 66 had a net margin of 2.99% and a return on equity of 10.98%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.90) earnings per share. Equities research analysts anticipate that Phillips 66 will post 18.22 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a $1.27 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $5.08 annualized dividend and a dividend yield of 3.0%. Phillips 66’s dividend payout ratio is currently 50.05%.

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.