Kevin Omar Meyers Acquires 175 Shares of Phillips 66 (NYSE:PSX) Stock

Phillips 66 (NYSE:PSX) Director Kevin Omar Meyers acquired 175 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average price of $173.20 per share, with a total value of $30,310.00. Following the acquisition, the director directly owned 16,624 shares of the company’s stock, valued at $2,879,276.80. The trade was a 1.06% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Phillips 66 Stock Performance

Shares of PSX stock opened at $173.14 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.91 and a current ratio of 1.30. The firm has a market cap of $69.38 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 0.60 and a beta of 0.86. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $178.38. The firm’s 50-day simple moving average is $153.53 and its two-hundred day simple moving average is $140.96.

Phillips 66 (NYSE:PSX) last released its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share for the quarter, beating 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 firm had revenue of $32.16 billion during the quarter, compared to the consensus estimate of $33.81 billion. During the same period in the prior year, the firm earned ($0.15) EPS. As a group, equities analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, February 23rd were paid a $1.27 dividend. The ex-dividend date was Monday, February 23rd. This is a positive change from Phillips 66’s previous quarterly dividend of $1.20. This represents a $5.08 annualized dividend and a yield of 2.9%. Phillips 66’s dividend payout ratio (DPR) is currently 46.95%.

Key Headlines Impacting Phillips 66

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.

Wall Street Analyst Weigh In

Several analysts have issued reports on PSX shares. Wolfe Research boosted their target price on Phillips 66 from $159.00 to $164.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Wall Street Zen upgraded Phillips 66 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th. The Goldman Sachs Group lifted their price objective on 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 boosted their price objective on Phillips 66 from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Finally, UBS Group reaffirmed a “buy” rating and set a $172.00 price objective on shares of Phillips 66 in a report on Friday, February 6th. One 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $162.33.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Evolution Wealth Management Inc. bought a new position in Phillips 66 in the 2nd quarter worth about $25,000. Board of the Pension Protection Fund bought a new stake in shares of Phillips 66 during the 4th quarter valued at about $26,000. Accordant Advisory Group Inc grew its holdings in shares of Phillips 66 by 900.0% during the fourth quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 180 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Phillips 66 during the fourth quarter worth about $27,000. Finally, SWAN Capital LLC increased its position in shares of Phillips 66 by 1,055.6% in the fourth quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 190 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

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.