Natixis Advisors LLC Sells 12,917 Shares of Phillips 66 $PSX

Natixis Advisors LLC lowered its position in shares of Phillips 66 (NYSE:PSX) by 6.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 186,915 shares of the oil and gas company’s stock after selling 12,917 shares during the period. Natixis Advisors LLC’s holdings in Phillips 66 were worth $24,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Beto Financial Group LLC bought a new stake in Phillips 66 during the 4th quarter worth $412,000. AXQ Capital LP bought a new stake in shares of Phillips 66 in the 4th quarter valued at about $1,834,000. Spinnaker Trust grew its position in shares of Phillips 66 by 2.0% in the 4th quarter. Spinnaker Trust now owns 3,901 shares of the oil and gas company’s stock valued at $503,000 after buying an additional 75 shares during the last quarter. BNP Paribas bought a new stake in shares of Phillips 66 in the 4th quarter valued at about $1,504,000. Finally, Cercano Management LLC bought a new stake in shares of Phillips 66 in the 4th quarter valued at about $1,358,000. Institutional investors own 76.93% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Kevin J. Mitchell sold 29,400 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $170.00, for a total value of $4,998,000.00. Following the transaction, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at $16,553,920. The trade was a 23.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lisa Ann Davis sold 3,800 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $174.37, for a total value 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. Insiders sold 92,229 shares of company stock valued at $15,990,030 over the last 90 days. 0.40% of the stock is owned by company insiders.

Phillips 66 Stock Down 0.3%

Shares of NYSE:PSX opened at $184.14 on Friday. The company has a market capitalization of $73.83 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 0.27 and a beta of 0.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85. The business’s 50-day moving average is $172.71 and its 200-day moving average is $155.98. Phillips 66 has a 1 year low of $111.37 and a 1 year high of $190.61.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.03. The company had revenue of $32.54 billion for the quarter, compared to the consensus estimate of $35.86 billion. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.90) EPS. Equities research analysts predict that Phillips 66 will post 17.64 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, May 18th. Phillips 66’s payout ratio is currently 50.05%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PSX shares. JPMorgan Chase & Co. upped their price target on Phillips 66 from $188.00 to $202.00 in a research report on Thursday, April 30th. Weiss Ratings lowered Phillips 66 from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. TD Cowen upped their price target on Phillips 66 from $155.00 to $213.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. BMO Capital Markets upped their price target on Phillips 66 from $195.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $180.00 price target on shares of Phillips 66 in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $191.28.

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.