Mitsubishi UFJ Trust & Banking Corp Buys 7,374 Shares of Phillips 66 $PSX

Mitsubishi UFJ Trust & Banking Corp lifted its stake in Phillips 66 (NYSE:PSX) by 4.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 183,707 shares of the oil and gas company’s stock after purchasing an additional 7,374 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Phillips 66 were worth $23,706,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Phillips 66 by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 51,930,038 shares of the oil and gas company’s stock worth $6,701,052,000 after purchasing an additional 205,480 shares during the last quarter. M&T Bank Corp lifted its stake in Phillips 66 by 462.9% during the fourth quarter. M&T Bank Corp now owns 2,727,888 shares of the oil and gas company’s stock worth $352,007,000 after purchasing an additional 2,243,268 shares during the last quarter. Amundi lifted its stake in Phillips 66 by 2.8% during the third quarter. Amundi now owns 2,400,180 shares of the oil and gas company’s stock worth $319,123,000 after purchasing an additional 65,568 shares during the last quarter. Legal & General Group Plc lifted its stake in Phillips 66 by 1.5% during the third quarter. Legal & General Group Plc now owns 2,276,036 shares of the oil and gas company’s stock worth $309,586,000 after purchasing an additional 33,397 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Phillips 66 by 424.7% during 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 during the last quarter. 76.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PSX has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on Phillips 66 from $163.00 to $201.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Weiss Ratings upgraded Phillips 66 from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Argus increased their price target on Phillips 66 from $152.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. JPMorgan Chase & Co. increased their price target on Phillips 66 from $161.00 to $188.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Finally, The Goldman Sachs Group increased their price target on Phillips 66 from $186.00 to $192.00 and gave the company a “neutral” rating in a research note on Friday, April 10th. One equities 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, the stock has an average rating of “Moderate Buy” and an average target price of $181.33.

Key Headlines Impacting Phillips 66

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

• Positive Sentiment: Q1 surprise profit and operating beat — Phillips 66 reported an adjusted profit (reported EPS cited as $0.49) with realized refining margins rising and utilization improving, which the market viewed as a meaningful operational recovery. Refiner Phillips 66 posts surprise profit on higher refining margins
• Positive Sentiment: Higher refinery throughput — Management said the nine refineries are running in the low‑ to mid‑90% of combined capacity (≈2.0M bpd), supporting better refining margins and cash flow. That stronger utilization was a key reason traders pushed the stock up. Phillips 66 running refineries in low to mid 90% range in q2 2026 – conf call
• Positive Sentiment: Operational and capacity progress — Management highlighted expanded capacity, export infrastructure work and completed the Lindsey refinery asset deal (adds optionality and throughput). These moves support medium‑term earnings potential. Phillips 66 Limited completes acquisition of Lindsey Oil Refinery assets
• Neutral Sentiment: Q2 turnaround expense guided — Management expects Q2 turnaround costs of roughly $120M–$150M; a normal short‑term cash/expense headwind but planned and already priced by many investors. Phillips 66 targets $17B debt by year‑end 2027 while expecting Q2 turnaround expense of $120M–$150M
• Neutral Sentiment: Debt reduction target — The company reiterated a plan to target roughly $17B of debt by year‑end 2027, signaling focus on leverage and capital allocation; positive for credit profile but a multi‑year objective. Phillips 66 targets $17B debt by year‑end 2027 while expecting Q2 turnaround expense of $120M–$150M
• Negative Sentiment: Large derivative mark‑to‑market losses — The quarter included significant mark‑to‑market losses tied to the company’s net short derivatives/hedges (management previously signaled ~ $900M pre‑tax impact), which weighed on GAAP results and created noise in EPS comparisons. Phillips 66 Beats Q1 Estimates by $0.88 Per Share as Refining Margins Surge

Phillips 66 Stock Up 4.9%

Shares of PSX opened at $173.21 on Thursday. Phillips 66 has a 52 week low of $102.16 and a 52 week high of $190.61. The stock has a market capitalization of $69.41 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 0.28 and a beta of 0.76. 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 stock has a fifty day moving average of $167.21 and a 200-day moving average of $148.79.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.61). The company had revenue of $32.54 billion during the quarter, compared to analyst estimates of $34.36 billion. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.90) earnings per share. As a group, sell-side analysts anticipate that Phillips 66 will post 15.18 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently disclosed 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. This represents a $5.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, May 18th. Phillips 66’s dividend payout ratio is presently 46.95%.

Insiders Place Their Bets

In other Phillips 66 news, CFO Kevin J. Mitchell sold 15,629 shares of the stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $190.07, for a total transaction of $2,970,604.03. Following the completion of the sale, the chief financial officer directly owned 97,376 shares in the company, valued at approximately $18,508,256.32. This trade represents a 13.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brian Mandell sold 42,800 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $169.53, for a total value of $7,255,884.00. Following the sale, the executive vice president owned 61,595 shares of the company’s stock, valued at approximately $10,442,200.35. The trade was a 41.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 95,923 shares of company stock valued at $16,399,619 over the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

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.