Teachers Retirement System of The State of Kentucky Lowers Stock Holdings in Phillips 66 $PSX

28 Apr 2026, 06:46 by Teresa Graham · The Cerbat Gem

Teachers Retirement System of The State of Kentucky cut its holdings in Phillips 66 (NYSE:PSX – Free Report) by 85.8% in the 4th quarter, HoldingsChannel reports. The fund owned 32,301 shares of the oil and gas company’s stock after selling 194,920 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Phillips 66 were worth $4,168,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Phillips 66 by 0.4% in 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 purchasing an additional 205,480 shares during the last quarter. M&T Bank Corp boosted its stake in Phillips 66 by 462.9% in 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 buying an additional 2,243,268 shares during the last quarter. Amundi grew its holdings in Phillips 66 by 2.8% in the 3rd quarter. Amundi now owns 2,400,180 shares of the oil and gas company’s stock valued at $319,123,000 after buying an additional 65,568 shares during the period. Legal & General Group Plc grew its holdings in Phillips 66 by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 2,276,036 shares of the oil and gas company’s stock valued at $309,586,000 after buying an additional 33,397 shares during the period. Finally, AQR Capital Management LLC increased its stake 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 valued at $257,512,000 after acquiring an additional 1,532,389 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Raymond James Financial increased their price objective on shares of Phillips 66 from $175.00 to $205.00 and gave the stock an “outperform” rating in a report on Wednesday, March 25th. Morgan Stanley upped their price target on shares of Phillips 66 from $140.00 to $147.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Wall Street Zen downgraded shares of Phillips 66 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 11th. BMO Capital Markets lifted their price target on shares of Phillips 66 from $175.00 to $195.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Finally, Zacks Research cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Eleven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $181.33.

Read Our Latest Stock Report on PSX

Phillips 66 Stock Up 0.8%

Shares of NYSE:PSX opened at $164.18 on Tuesday. The stock has a 50-day simple moving average of $166.76 and a 200-day simple moving average of $148.35. The stock has a market capitalization of $65.79 billion, a P/E ratio of 15.17, a PEG ratio of 0.30 and a beta of 0.76. Phillips 66 has a 1 year low of $102.16 and a 1 year high of $190.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.91 and a current ratio of 1.30.

Phillips 66 (NYSE:PSX – Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.15 by $0.32. The firm had revenue of $32.16 billion for the quarter, compared to analyst estimates of $33.81 billion. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. During the same quarter last year, the firm posted ($0.15) earnings per share. Equities analysts forecast that Phillips 66 will post 14.12 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 paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, May 18th. Phillips 66’s dividend payout ratio (DPR) is currently 46.95%.

Insiders Place Their Bets

In related news, EVP Don Baldridge sold 7,500 shares of Phillips 66 stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $160.00, for a total transaction of $1,200,000.00. Following the transaction, the executive vice president owned 38,488 shares in the company, valued at approximately $6,158,080. The trade was a 16.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brian Mandell sold 42,800 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $169.53, for a total transaction of $7,255,884.00. Following the sale, the executive vice president directly owned 61,595 shares of the company’s stock, valued at approximately $10,442,200.35. This trade represents a 41.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 95,923 shares of company stock worth $16,399,619. 0.40% of the stock is owned by company insiders.

About Phillips 66

(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.