Phillips 66 (NYSE:PSX) EVP Brian Mandell Sells 25,500 Shares

Phillips 66 (NYSE:PSX) EVP Brian Mandell sold 25,500 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $140.04, for a total value of $3,571,020.00. Following the transaction, the executive vice president directly owned 56,838 shares in the company, valued at approximately $7,959,593.52. The trade was a 30.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Brian Mandell also recently made the following trade(s):

• On Tuesday, November 18th, Brian Mandell sold 26,200 shares of Phillips 66 stock. The stock was sold at an average price of $137.68, for a total transaction of $3,607,216.00.

Phillips 66 Stock Performance

NYSE PSX traded up $2.68 during trading hours on Monday, reaching $139.64. The stock had a trading volume of 1,912,630 shares, compared to its average volume of 3,052,343. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $143.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.07. The stock has a market cap of $56.26 billion, a P/E ratio of 38.15, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. The stock has a fifty day moving average of $134.67 and a 200 day moving average of $127.83.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.14 by $0.38. Phillips 66 had a net margin of 1.12% and a return on equity of 5.51%. The business had revenue of $33.69 billion for the quarter, compared to the consensus estimate of $32.29 billion. During the same period in the prior year, the firm earned $2.04 EPS. Sell-side analysts predict that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a dividend of $1.20 per share. The ex-dividend date is Monday, November 17th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.4%. Phillips 66’s dividend payout ratio (DPR) is 131.15%.

Analysts Set New Price Targets

Several research firms have commented on PSX. Raymond James Financial boosted their price objective on Phillips 66 from $153.00 to $169.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Evercore ISI raised their price objective on shares of Phillips 66 from $130.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th. Mizuho lifted their target price on Phillips 66 from $140.00 to $142.00 and gave the company a “neutral” rating in a research report on Monday, September 15th. TD Cowen lifted their price target on shares of Phillips 66 from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, BMO Capital Markets boosted their target price on Phillips 66 from $152.00 to $160.00 in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $146.82.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Evolution Wealth Management Inc. purchased a new stake in shares of Phillips 66 during the second quarter worth approximately $25,000. Wolff Wiese Magana LLC grew its position in Phillips 66 by 62.1% during the second quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock worth $26,000 after buying an additional 82 shares during the period. Pinpoint Asset Management Ltd purchased a new position in Phillips 66 in the 1st quarter valued at approximately $29,000. Winnow Wealth LLC acquired a new position in shares of Phillips 66 during the 3rd quarter worth $36,000. Finally, Wealth Watch Advisors INC purchased a new stake in shares of Phillips 66 in the 3rd quarter worth about $36,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

About Phillips 66

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.