Phillips 66 (NYSE:PSX) EVP Brian Mandell Sells 3,300 Shares of Stock

Phillips 66 (NYSE:PSX) EVP Brian Mandell sold 3,300 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $214.02, for a total value of $706,266.00. Following the sale, the executive vice president owned 61,595 shares of the company’s stock, valued at $13,182,561.90. This represents a 5.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Brian Mandell also recently made the following trade(s):

• On Tuesday, August 11th, Brian Mandell sold 30,000 shares of Phillips 66 stock. The stock was sold at an average price of $215.00, for a total value of $6,450,000.00.

Phillips 66 Price Performance

Shares of Phillips 66 stock opened at $226.09 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.32 and a quick ratio of 1.00. Phillips 66 has a one year low of $119.54 and a one year high of $226.60. The business’s 50 day simple moving average is $190.75 and its two-hundred day simple moving average is $174.91. The stock has a market capitalization of $90.21 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 0.16 and a beta of 0.68.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $9.41 earnings per share for the quarter, beating analysts’ consensus estimates of $7.50 by $1.91. Phillips 66 had a return on equity of 19.93% and a net margin of 4.54%.The firm had revenue of $52.04 billion during the quarter, compared to analyst estimates of $43.60 billion. During the same quarter in the prior year, the firm posted $2.38 earnings per share. Analysts forecast that Phillips 66 will post 24.44 EPS for the current year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be given a dividend of $1.27 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $5.08 annualized dividend and a yield of 2.2%. Phillips 66’s dividend payout ratio is presently 28.95%.

Phillips 66 announced that its Board of Directors has authorized a stock buyback plan on Friday, July 31st that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the oil and gas company to buy up to 11.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Phillips 66 News Summary

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

• Positive Sentiment: J.P. Morgan maintains its Buy rating. Continued bullish analyst coverage supports the stock’s recent strength and suggests the firm sees additional upside in Phillips 66’s earnings or valuation. J.P. Morgan Sticks to Its Buy Rating for Phillips 66
• Positive Sentiment: Quarterly operating momentum remains strong. Phillips 66 reported refining margins of $24.08 per barrel in the second quarter, while debt declined by $6.6 billion. The combination of robust margins and lower leverage could improve cash flow, financial flexibility and shareholder-return capacity. Phillips 66 Q2 2026 Earnings Call Transcript
• Positive Sentiment: Western Gateway Pipeline receives approval to proceed. Phillips 66, Kinder Morgan and HF Sinclair finalized their joint venture and approved the approximately $5 billion, 1,300-mile refined-products pipeline. The system is planned to transport up to 230,000 barrels per day from the Midcontinent and Gulf Coast to Western markets, creating potential long-term transportation and infrastructure revenue. Phillips 66, Kinder Morgan, HF Sinclair approve Western Gateway pipeline project
• Negative Sentiment: Executive insider selling may weigh on sentiment. EVP Brian Mandell sold 33,300 shares for approximately $7.2 million across August 10–11, reducing his holdings substantially. Separately, an insider exercised options and sold 7,834 shares worth about $1.7 million. The transactions followed a strong quarter and may reflect profit-taking or option-related activity rather than deteriorating fundamentals, but they can still raise short-term concerns about insider conviction. A Phillips 66 Insider Cashed In Options After a Blowout Quarter

Analysts Set New Price Targets

Several equities analysts have recently commented on PSX shares. Citigroup reaffirmed a “neutral” rating on shares of Phillips 66 in a research note on Thursday, August 6th. TD Cowen raised their target price on Phillips 66 from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Piper Sandler boosted their price target on Phillips 66 from $208.00 to $209.00 and gave the company a “neutral” rating in a report on Monday. Zacks Research lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Wells Fargo & Company increased their price objective on Phillips 66 from $201.00 to $239.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus target price of $206.56.

Hedge Funds Weigh In On Phillips 66

A number of institutional investors have recently bought and sold shares of PSX. Brighton Jones LLC lifted its stake in shares of Phillips 66 by 238.5% in the 4th quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company’s stock valued at $1,166,000 after purchasing an additional 7,214 shares during the period. Woodline Partners LP boosted its position in shares of Phillips 66 by 40.7% during the first quarter. Woodline Partners LP now owns 34,891 shares of the oil and gas company’s stock valued at $4,308,000 after purchasing an additional 10,089 shares in the last quarter. Sei Investments Co. grew its stake in Phillips 66 by 28.3% in the second quarter. Sei Investments Co. now owns 157,455 shares of the oil and gas company’s stock worth $18,788,000 after purchasing an additional 34,698 shares during the period. The Manufacturers Life Insurance Company grew its stake in Phillips 66 by 9.1% in the second quarter. The Manufacturers Life Insurance Company now owns 346,679 shares of the oil and gas company’s stock worth $41,359,000 after purchasing an additional 28,988 shares during the period. Finally, Glenview Trust co raised its holdings in Phillips 66 by 2.6% in the second quarter. Glenview Trust co now owns 8,949 shares of the oil and gas company’s stock worth $1,068,000 after purchasing an additional 229 shares in the last quarter. 76.93% of the stock is owned by institutional investors.

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.