Phillips 66 $PSX Shares Purchased by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY raised its position in Phillips 66 (NYSE:PSX) by 1.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 294,220 shares of the oil and gas company’s stock after purchasing an additional 3,410 shares during the period. Phillips 66 comprises approximately 1.5% of Miller Howard Investments Inc. NY’s portfolio, making the stock its 27th biggest holding. Miller Howard Investments Inc. NY owned 0.07% of Phillips 66 worth $53,601,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Phillips 66 in the fourth quarter valued at approximately $640,206,000. M&T Bank Corp increased its stake 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 purchasing an additional 2,243,268 shares in the last quarter. AQR Capital Management LLC raised its position 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 purchasing an additional 1,532,389 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in Phillips 66 in the 2nd quarter valued at approximately $107,967,000. Finally, NewEdge Advisors LLC lifted its stake in Phillips 66 by 732.0% in the 4th quarter. NewEdge Advisors LLC now owns 996,955 shares of the oil and gas company’s stock valued at $128,647,000 after buying an additional 877,131 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Up 1.4%

NYSE PSX opened at $170.85 on Wednesday. Phillips 66 has a 52 week low of $118.00 and a 52 week high of $190.61. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.63. The stock has a market cap of $68.50 billion, a P/E ratio of 16.83, a PEG ratio of 0.24 and a beta of 0.68. The company’s fifty day simple moving average is $172.32 and its 200-day simple moving average is $159.50.

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

Phillips 66 Announces Dividend

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

Key Stories 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

Insider Activity

In other news, Director Kevin Omar Meyers purchased 175 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The stock was acquired at an average cost of $173.12 per share, for a total transaction of $30,296.00. Following the completion of the purchase, the director owned 16,799 shares of the company’s stock, valued at approximately $2,908,242.88. This trade represents a 1.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin J. Mitchell sold 600 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $171.56, for a total value 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 approximately $16,705,826.56. This represents a 0.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 45,629 shares of company stock valued at $8,071,540 in the last three months. Insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

PSX has been the subject of several recent research reports. Argus raised their price target on Phillips 66 from $185.00 to $197.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Zacks Research upgraded Phillips 66 from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Wolfe Research increased their price objective on Phillips 66 from $187.00 to $193.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Scotiabank lifted their price objective on Phillips 66 from $140.00 to $151.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Phillips 66 from $192.00 to $207.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 19th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus price target of $192.33.

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.