Legal & General Group Plc Trims Stock Position in Phillips 66 $PSX

27 May 2026, 05:45 by Renee Jackson · The Cerbat Gem

Legal & General Group Plc lessened its stake in shares of Phillips 66 (NYSE:PSX – Free Report) by 9.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,056,384 shares of the oil and gas company’s stock after selling 219,652 shares during the quarter. Legal & General Group Plc’s holdings in Phillips 66 were worth $265,356,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Board of the Pension Protection Fund purchased a new stake in shares of Phillips 66 during the 4th quarter worth approximately $26,000. Accordant Advisory Group Inc lifted its position in shares of Phillips 66 by 900.0% during the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock worth $26,000 after buying an additional 180 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Phillips 66 during the 4th quarter worth approximately $27,000. Stephens Consulting LLC lifted its position in shares of Phillips 66 by 67.7% during the 4th quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock worth $29,000 after buying an additional 90 shares during the last quarter. Finally, Dorato Capital Management purchased a new stake in shares of Phillips 66 during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Shares of Phillips 66 stock opened at $174.07 on Wednesday. The firm’s fifty day simple moving average is $172.22 and its 200-day simple moving average is $153.98. The stock has a market capitalization of $69.79 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 0.26 and a beta of 0.70. Phillips 66 has a 12 month low of $111.19 and a 12 month high of $190.61. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85.

Phillips 66 (NYSE:PSX – Get Free Report) last announced its earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.03. The business had revenue of $32.54 billion for the quarter, compared to analysts’ expectations of $35.86 billion. Phillips 66 had a net margin of 2.99% and a return on equity of 10.98%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.90) EPS. As a group, equities analysts forecast that Phillips 66 will post 17.64 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders 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 dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, May 18th. Phillips 66’s payout ratio is presently 50.05%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Phillips 66 from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. boosted their price objective on shares of Phillips 66 from $188.00 to $202.00 in a research report on Thursday, April 30th. UBS Group boosted their price objective on shares of Phillips 66 from $172.00 to $212.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Mizuho boosted their price objective on shares of Phillips 66 from $152.00 to $170.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Finally, Barclays lifted their target price on shares of Phillips 66 from $158.00 to $177.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $188.94.

Check Out Our Latest Stock Report on PSX

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, EVP Brian Mandell sold 42,800 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $169.53, for a total value of $7,255,884.00. Following the transaction, the executive vice president directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lisa Ann Davis sold 3,800 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $174.37, for a total transaction of $662,606.00. Following the completion of the transaction, the director directly owned 8,701 shares in the company, valued at $1,517,193.37. This represents a 30.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 114,029 shares of company stock valued at $19,641,455. Insiders own 0.40% of the company’s stock.

Phillips 66 Profile

(Free Report)

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.