Vise Technologies Inc. Makes New Investment in Phillips 66 $PSX

21 Aug 2026, 11:56 by Mitch Edgeman · The Markets Daily

Vise Technologies Inc. bought a new position in Phillips 66 (NYSE:PSX – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,277 shares of the oil and gas company’s stock, valued at approximately $4,949,000.

A number of other institutional investors have also recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Phillips 66 during the second quarter valued at approximately $1,002,000. E Fund Management Co. Ltd. bought a new position in Phillips 66 in the 2nd quarter valued at approximately $265,000. MSH Capital Advisors LLC bought a new position in Phillips 66 in the 2nd quarter valued at approximately $549,000. Northcape Wealth Management LLC purchased a new stake in Phillips 66 during the 2nd quarter valued at $456,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in Phillips 66 during the 2nd quarter valued at $220,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PSX. UBS Group boosted their price target on Phillips 66 from $212.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Barclays increased their price objective on Phillips 66 from $183.00 to $216.00 and gave the company an “equal weight” rating in a research report on Thursday, August 6th. Weiss Ratings raised Phillips 66 from a “hold (c)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. upped their target price on shares of Phillips 66 from $188.00 to $202.00 in a research note on Thursday, April 30th. Finally, Jefferies Financial Group raised their price target on shares of Phillips 66 from $191.00 to $207.00 and gave the company a “hold” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $206.56.

Check Out Our Latest Report on PSX

Insider Transactions at Phillips 66

In other news, EVP Vanessa Allen Sutherland sold 3,523 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $211.05, for a total transaction of $743,529.15. Following the completion of the sale, the executive vice president owned 27,537 shares of the company’s stock, valued at $5,811,683.85. This represents a 11.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Richard G. Harbison sold 52,100 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $223.76, for a total transaction of $11,657,896.00. Following the completion of the transaction, the executive vice president owned 39,094 shares in the company, valued at $8,747,673.44. This trade represents a 57.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 100,507 shares of company stock valued at $21,770,810. 0.40% of the stock is owned by company insiders.

Phillips 66 Stock Performance

PSX stock opened at $239.46 on Friday. The company has a market cap of $95.55 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 0.18 and a beta of 0.68. Phillips 66 has a 1 year low of $122.25 and a 1 year high of $246.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.32 and a quick ratio of 1.00. The stock’s fifty day moving average price is $197.59 and its 200-day moving average price is $178.99.

Phillips 66 (NYSE:PSX – Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $52.04 billion during the quarter, compared to analyst estimates of $43.60 billion. Phillips 66 had a return on equity of 19.93% and a net margin of 4.54%.During the same quarter in the previous year, the company posted $2.38 earnings per share. On average, equities analysts forecast that Phillips 66 will post 23.86 earnings per share for the current year.

Phillips 66 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, August 18th. Phillips 66’s payout ratio is currently 28.95%.

Phillips 66 declared that its Board of Directors has authorized a stock buyback program on Friday, July 31st that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to reacquire up to 11.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.