Phillips 66 (NYSE:PSX) EVP Vanessa Allen Sutherland Sells 3,523 Shares

Phillips 66 (NYSE:PSX) EVP Vanessa Allen Sutherland sold 3,523 shares of the stock in a transaction dated 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 owned 27,537 shares of the company’s stock, valued at $5,811,683.85. This represents a 11.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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%

PSX stock opened at $206.03 on Wednesday. Phillips 66 has a 1-year low of $118.07 and a 1-year high of $216.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85. The company has a market capitalization of $82.60 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 0.17 and a beta of 0.69. The business has a 50 day simple moving average of $183.56 and a two-hundred day simple moving average of $169.46.

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

Phillips 66 Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on PSX shares. UBS Group raised their price objective on Phillips 66 from $212.00 to $235.00 and gave the company a “buy” rating in a research report on Monday. Barclays increased their price target on Phillips 66 from $177.00 to $183.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Weiss Ratings cut Phillips 66 from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Jefferies Financial Group lifted their price objective on Phillips 66 from $191.00 to $207.00 and gave the stock a “hold” rating in a research note on Thursday, July 9th. Finally, Raymond James Financial upped their price objective on Phillips 66 from $218.00 to $235.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.72.

Institutional Investors Weigh In On Phillips 66

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

About Phillips 66

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.