Phillips 66 (NYSE:PSX) EVP Robert A. Herman Sells 47,433 Shares

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Phillips 66 (NYSE:PSX) EVP Robert A. Herman sold 47,433 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $103.17, for a total transaction of $4,893,662.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NYSE:PSX opened at $102.99 on Thursday. The company has a 50-day simple moving average of $99.56 and a 200-day simple moving average of $94.75. Phillips 66 has a one year low of $78.44 and a one year high of $119.14. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.82 and a current ratio of 1.28. The stock has a market capitalization of $46.10 billion, a price-to-earnings ratio of 8.80, a PEG ratio of 2.09 and a beta of 1.08.

Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, July 26th. The oil and gas company reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.32. Phillips 66 had a net margin of 4.76% and a return on equity of 19.75%. The business had revenue of $28.52 billion during the quarter, compared to analysts’ expectations of $29.89 billion. During the same period in the prior year, the company earned $2.80 earnings per share. As a group, research analysts forecast that Phillips 66 will post 7.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a $0.90 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.50%. Phillips 66’s payout ratio is 30.74%.

Several equities analysts have issued reports on PSX shares. ValuEngine downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Scotiabank started coverage on shares of Phillips 66 in a research note on Tuesday, September 3rd. They issued an “outperform” rating for the company. Citigroup upgraded shares of Phillips 66 from a “neutral” rating to a “buy” rating in a research note on Friday, June 21st. Cowen upped their price objective on shares of Phillips 66 from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Raymond James upped their price objective on shares of Phillips 66 from $110.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Phillips 66 presently has a consensus rating of “Buy” and an average price target of $115.55.

Several large investors have recently made changes to their positions in PSX. Advisors Preferred LLC purchased a new stake in shares of Phillips 66 in the second quarter valued at about $25,000. TRUE Private Wealth Advisors purchased a new position in Phillips 66 during the second quarter worth about $26,000. Manchester Financial Inc. purchased a new position in Phillips 66 during the second quarter worth about $32,000. Coastal Capital Group Inc. purchased a new position in Phillips 66 during the second quarter worth about $37,000. Finally, TCG Advisors LP purchased a new position in Phillips 66 during the first quarter worth about $38,000. 68.71% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined products to market; provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

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