Phillips 66 (NYSE:PSX) EVP Brian Mandell Sells 30,000 Shares of Stock

Phillips 66 (NYSE:PSX) EVP Brian Mandell sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $215.00, for a total transaction of $6,450,000.00. Following the sale, the executive vice president directly owned 61,595 shares in the company, valued at approximately $13,242,925. The trade was a 32.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, August 10th, Brian Mandell sold 3,300 shares of Phillips 66 stock. The stock was sold at an average price of $214.02, for a total transaction of $706,266.00.

Phillips 66 Stock Up 0.8%

Shares of NYSE PSX opened at $226.09 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. Phillips 66 has a 12-month low of $119.54 and a 12-month high of $226.60. The firm’s 50-day moving average price is $190.75 and its 200-day moving average price is $174.91. The stock has a market capitalization of $90.21 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.16 and a beta of 0.68.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $9.41 EPS for the quarter, topping the consensus estimate of $7.50 by $1.91. Phillips 66 had a return on equity of 19.93% and a net margin of 4.54%.The company had revenue of $52.04 billion during the quarter, compared to analyst estimates of $43.60 billion. During the same quarter last year, the business posted $2.38 earnings per share. On average, equities research analysts anticipate that Phillips 66 will post 24.44 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

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

Phillips 66 announced that its Board of Directors has initiated a share repurchase program on Friday, July 31st that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the oil and gas company to repurchase up to 11.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Key Stories Impacting Phillips 66

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

Analyst Ratings Changes

Several research firms have recently issued reports on PSX. Raymond James Financial raised their target price on shares of Phillips 66 from $218.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. UBS Group boosted their target price on Phillips 66 from $212.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. increased their price target on Phillips 66 from $188.00 to $202.00 in a report on Thursday, April 30th. Scotiabank raised their price target on Phillips 66 from $140.00 to $151.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Guggenheim upgraded Phillips 66 to an “outperform” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $206.56.

Institutional Investors Weigh In On Phillips 66

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of 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 valued at $6,701,052,000 after acquiring an additional 205,480 shares in the last quarter. BlackRock Inc. bought a new position in Phillips 66 in the second quarter worth approximately $5,766,779,000. State Street Corp increased its holdings in Phillips 66 by 0.8% during the 4th quarter. State Street Corp now owns 23,589,550 shares of the oil and gas company’s stock worth $3,043,996,000 after purchasing an additional 175,616 shares during the period. Geode Capital Management LLC increased its holdings in Phillips 66 by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 10,413,824 shares of the oil and gas company’s stock worth $1,338,596,000 after purchasing an additional 45,340 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Phillips 66 during the 2nd quarter valued at $1,093,206,000. 76.93% of the stock is owned by hedge funds and other 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.