Torray Investment Partners LLC Boosts Stock Holdings in Phillips 66 $PSX

06 Jan 2026, 07:06 by Scott Moore · The Cerbat Gem

Torray Investment Partners LLC lifted its stake in shares of Phillips 66 (NYSE:PSX – Free Report) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 208,850 shares of the oil and gas company’s stock after acquiring an additional 6,096 shares during the period. Phillips 66 makes up about 3.9% of Torray Investment Partners LLC’s holdings, making the stock its 2nd largest holding. Torray Investment Partners LLC’s holdings in Phillips 66 were worth $28,408,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. acquired a new position in Phillips 66 during the second quarter valued at approximately $25,000. Wolff Wiese Magana LLC increased its position in Phillips 66 by 62.1% during the second quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 82 shares during the period. Webster Bank N. A. boosted its holdings in Phillips 66 by 58.8% in the 2nd quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Phillips 66 in the 2nd quarter valued at $32,000. Finally, Nova Wealth Management Inc. acquired a new stake in Phillips 66 in the 1st quarter worth $37,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Phillips 66

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

Positive Sentiment: Phillips 66 agreed to acquire the assets and associated infrastructure of the Lindsey Oil Refinery in northern England and will integrate key facilities into its Humber Refinery — expanding UK refining capacity and preserving jobs, a clear strategic and operational boost. Phillips 66 to acquire Britain’s Lindsey oil refinery assets
Positive Sentiment: Deal coverage emphasized the strategic rationale — market commentators framed the move as a deliberate UK expansion that supports supply resilience and local jobs, which helped lift sentiment and pre-market trading. Phillips 66 Makes Strategic UK Bet With Lindsey Refinery Asset Acquisition
Positive Sentiment: Broader oil-sector strength — including headlines about U.S. action on Venezuela’s oil sector — lifted energy stocks generally, amplifying the positive reaction to Phillips 66’s acquisition news. This macro push supported the stock’s move higher. Oil stocks sharply higher after US action in Venezuela
Positive Sentiment: Analyst commentary highlights Phillips 66’s growing midstream and chemicals focus and fee‑based midstream revenues as a stabilizer when WTI is lower — an argument for more resilient cash flow and a higher valuation multiple. Is Phillips 66’s Midstream Push Building More Resilient Business?
Neutral Sentiment: Earnings preview: analysts expect robust Q4 bottom-line growth next month; this upcoming report may either reinforce today’s gains or create volatility depending on results vs expectations. Phillips 66 Earnings Preview: What to Expect
Neutral Sentiment: General market risk-on tone (record Dow close) provided tailwinds for cyclical and energy names; this is a market-wide support factor rather than company-specific news. Markets Risk-On with Venezuela News, Deregulation

Insider Activity

In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,000 shares of Phillips 66 stock in a transaction on Friday, November 7th. The shares were sold at an average price of $138.00, for a total value of $4,140,000.00. Following the sale, the chief financial officer directly owned 89,771 shares in the company, valued at approximately $12,388,398. The trade was a 25.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brian Mandell sold 26,200 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $137.68, for a total transaction of $3,607,216.00. Following the transaction, the executive vice president owned 56,838 shares of the company’s stock, valued at approximately $7,825,455.84. This represents a 31.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 81,700 shares of company stock valued at $11,318,236 over the last ninety days. 0.22% of the stock is owned by insiders.

Phillips 66 Trading Up 7.1%

Shares of NYSE PSX opened at $139.86 on Tuesday. The company’s 50 day simple moving average is $135.54 and its 200 day simple moving average is $130.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.23 and a quick ratio of 0.87. The firm has a market capitalization of $56.35 billion, a P/E ratio of 38.21, a P/E/G ratio of 0.35 and a beta of 0.90. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $144.96.

Phillips 66 (NYSE:PSX – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.38. Phillips 66 had a return on equity of 5.53% and a net margin of 1.12%.The business had revenue of $33.69 billion during the quarter, compared to analysts’ expectations of $32.29 billion. During the same period in the previous year, the firm earned $2.04 earnings per share. On average, analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, November 17th. Phillips 66’s dividend payout ratio is 131.15%.

Analysts Set New Price Targets

Several research firms recently weighed in on PSX. Zacks Research upgraded shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 18th. BMO Capital Markets raised their target price on Phillips 66 from $152.00 to $160.00 in a research report on Tuesday, November 11th. Cowen reaffirmed a “buy” rating on shares of Phillips 66 in a report on Thursday, October 30th. Jefferies Financial Group upped their price target on Phillips 66 from $133.00 to $137.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Finally, Piper Sandler boosted their price target on shares of Phillips 66 from $170.00 to $171.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.82.

Check Out Our Latest Analysis on Phillips 66

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.

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.