Insider Selling: Phillips 66 (NYSE:PSX) EVP Sells 3,523 Shares

Phillips 66 (NYSE:PSX) EVP Vanessa Allen Sutherland sold 3,523 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $211.05, for a total value of $743,529.15. Following the sale, the executive vice president directly owned 27,537 shares of the company’s stock, valued at approximately $5,811,683.85. This represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vanessa Allen Sutherland also recently made the following trade(s):

• On Monday, July 20th, Vanessa Allen Sutherland sold 563 shares of Phillips 66 stock. The stock was sold at an average price of $211.01, for a total value of $118,798.63.

Phillips 66 Trading Down 0.9%

Shares of NYSE PSX traded down $1.81 during mid-day trading on Tuesday, hitting $206.01. 541,549 shares of the company traded hands, compared to its average volume of 2,824,358. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.63. Phillips 66 has a 1 year low of $118.07 and a 1 year high of $216.08. The stock has a market capitalization of $82.60 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 0.16 and a beta of 0.69. The business has a 50 day moving average of $183.09 and a two-hundred day moving average of $168.98.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.54) by $1.03. The firm had revenue of $32.54 billion for the quarter, compared to analysts’ expectations of $35.86 billion. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.Phillips 66’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.90) EPS. On average, sell-side analysts anticipate that Phillips 66 will post 22.43 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be issued a dividend of $1.27 per share. The ex-dividend date is Tuesday, August 18th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.5%. Phillips 66’s payout ratio is currently 50.05%.

Institutional Trading of Phillips 66

Several hedge funds and other institutional investors have recently modified their holdings of the company. Accordant Advisory Group Inc grew its stake in Phillips 66 by 900.0% in the fourth quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 180 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Phillips 66 during the 4th quarter worth about $27,000. NFSG Corp lifted its holdings in shares of Phillips 66 by 105.6% during the 1st quarter. NFSG Corp now owns 146 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. Axiom Investment Management LLC bought a new stake in shares of Phillips 66 in the 1st quarter valued at approximately $27,000. Finally, SWAN Capital LLC grew its stake in shares of Phillips 66 by 1,055.6% in the 4th quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 190 shares in the last quarter. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of Phillips 66 from $195.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. increased their target price on Phillips 66 from $188.00 to $202.00 in a report on Thursday, April 30th. Argus raised their target price on Phillips 66 from $185.00 to $197.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Zacks Research lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Mizuho upgraded Phillips 66 from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $170.00 to $212.00 in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.72.

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.