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.
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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