Phillips 66 (NYSE:PSX) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp cut its holdings in shares of Phillips 66 (NYSE:PSX) by 2.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,310 shares of the oil and gas company’s stock after selling 183 shares during the period. Boston Trust Walden Corp’s holdings in Phillips 66 were worth $961,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of PSX. Crewe Advisors LLC acquired a new stake in Phillips 66 in the 1st quarter worth about $25,000. Keener Financial Planning LLC acquired a new stake in Phillips 66 in the 1st quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new stake in Phillips 66 in the 2nd quarter worth about $26,000. nVerses Capital LLC acquired a new stake in Phillips 66 in the 3rd quarter worth about $26,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Phillips 66 in the 1st quarter worth about $28,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Phillips 66

In related news, CFO Kevin J. Mitchell sold 30,000 shares of Phillips 66 stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $139.01, for a total value of $4,170,300.00. Following the completion of the sale, the chief financial officer now owns 81,937 shares in the company, valued at approximately $11,390,062.37. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.22% of the stock is owned by insiders.

Phillips 66 Stock Down 0.2 %

PSX stock opened at $128.17 on Monday. The firm has a market cap of $54.34 billion, a PE ratio of 9.86, a PEG ratio of 5.61 and a beta of 1.33. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.79 and a current ratio of 1.14. The firm’s 50 day moving average price is $132.43 and its 200-day moving average price is $138.85. Phillips 66 has a one year low of $107.85 and a one year high of $174.08.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Tuesday, July 30th. The oil and gas company reported $2.31 EPS for the quarter, beating the consensus estimate of $1.98 by $0.33. The firm had revenue of $38.91 billion for the quarter, compared to analyst estimates of $37.79 billion. Phillips 66 had a net margin of 3.32% and a return on equity of 16.77%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.87 EPS. On average, equities research analysts anticipate that Phillips 66 will post 7.81 EPS for the current year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $1.15 dividend. The ex-dividend date is Monday, November 18th. This represents a $4.60 annualized dividend and a yield of 3.59%. Phillips 66’s dividend payout ratio (DPR) is presently 35.38%.

Analysts Set New Price Targets

Several research firms recently issued reports on PSX. Wolfe Research began coverage on Phillips 66 in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Wells Fargo & Company lowered their price objective on Phillips 66 from $182.00 to $167.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price objective on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Raymond James raised their target price on shares of Phillips 66 from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Mizuho decreased their target price on shares of Phillips 66 from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $149.50.

Phillips 66 Profile

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. 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 petroleum products to market; provides terminaling and storage services for crude oil and refined 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.