Phillips 66 (NYSE:PSX) Hits New 52-Week High – Time to Buy?

Phillips 66 (NYSE:PSX)’s stock price reached a new 52-week high on Thursday . The company traded as high as $179.02 and last traded at $177.3260, with a volume of 1249159 shares. The stock had previously closed at $172.74.

Phillips 66 News Summary

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

• Positive Sentiment: Refining‑margin tailwinds and company messaging on cash returns drove buying interest; market commentary points to wider gasoline/diesel crack spreads and Phillips 66’s investor materials emphasizing durable cash generation and cost reductions. Phillips 66 rises on refining-margin tailwinds
• Positive Sentiment: Macro supply risk — overseas oil prices jumped after attacks in the Gulf region — which typically boosts refiners’ ability to raise product prices and supports crack spreads. That broader commodity move helped lift PSX with the sector. Oil Prices Surge Overseas, Gold Slumps
• Positive Sentiment: Analyst interest and earnings‑estimate revisions are supportive — coverage notes PSX among broker‑favored names amid inflation and oil shocks, and recent upgrades/positive forecasts (e.g., Jefferies, Mizuho) add conviction. Higher trading volume accompanied recent gains. Phillips 66 (PSX) Surges 3.2%
• Neutral Sentiment: Liquidity update — PSX arranged a 364‑day $2.25B term loan, which boosts near‑term funding flexibility but adds short‑term debt; likely neutral for near‑term sentiment unless used for buybacks/dividends. Phillips 66 Secures New $2.25 Billion Term Loan
• Neutral Sentiment: Media and momentum mentions (CNBC/Benzinga) flagged PSX among notable trades, which can amplify short‑term flows but doesn’t change fundamentals. Okta, Phillips 66 And More: CNBC’s ‘Final Trades’
• Neutral Sentiment: Mixed institutional/analyst picture — Quiver/market data show substantial portfolio reshuffling and a wide range of price targets (median around $151), signaling divergent views that can increase volatility. Quiver Quantitative PSX analysis
• Negative Sentiment: Significant insider selling was reported (EVP sale ~ $7.26M), which can concern investors about timing of sales even though insider activity is not uncommon. That likely capped some upside after the rally. Insider Selling: Phillips 66 EVP Sells $7,255,884.00 in Stock

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PSX. Barclays set a $158.00 price objective on shares of Phillips 66 in a report on Friday, February 20th. Piper Sandler raised their target price on shares of Phillips 66 from $153.00 to $156.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Mizuho lifted their price target on shares of Phillips 66 from $152.00 to $170.00 and gave the company a “neutral” rating in a research note on Tuesday. Weiss Ratings raised shares of Phillips 66 from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, February 23rd. Finally, UBS Group restated a “buy” rating and set a $172.00 price objective on shares of Phillips 66 in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.33.

Phillips 66 Trading Down 1.6%

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 fifty day moving average price of $154.88 and a 200 day moving average price of $141.51. The company has a market cap of $70.32 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 0.62 and a beta of 0.86.

Phillips 66 (NYSE:PSX) last issued 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. The business had revenue of $32.16 billion for 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 in the previous year, the company earned ($0.15) earnings per share. As a group, equities analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

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

Insider Buying and Selling

In related news, EVP Don Baldridge sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $160.00, for a total value of $1,200,000.00. Following the completion of the sale, the executive vice president directly owned 38,488 shares in the company, valued at approximately $6,158,080. This trade represents a 16.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lisa Ann Davis sold 3,800 shares of Phillips 66 stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $174.37, for a total value of $662,606.00. Following the transaction, the director owned 8,701 shares of the company’s stock, valued at $1,517,193.37. The trade was a 30.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 84,688 shares of company stock worth $14,066,145 in the last 90 days. 0.22% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PSX. Vanguard Group Inc. increased its holdings in shares of Phillips 66 by 11.6% in the third 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 purchasing an additional 5,356,558 shares during the last quarter. Norges Bank acquired a new stake in shares of Phillips 66 during the 4th quarter worth about $640,206,000. Elliott Investment Management L.P. lifted its stake in shares of Phillips 66 by 22.4% during the 2nd quarter. Elliott Investment Management L.P. now owns 19,251,000 shares of the oil and gas company’s stock worth $2,296,644,000 after buying an additional 3,526,000 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of 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 buying an additional 2,243,268 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Phillips 66 by 424.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,893,195 shares of the oil and gas company’s stock worth $257,512,000 after buying an additional 1,532,389 shares during the period. 76.93% of the stock is currently owned by institutional investors.

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.