Banque Cantonale Vaudoise Purchases Shares of 18,367 Phillips 66 (NYSE:PSX)

Banque Cantonale Vaudoise acquired a new stake in Phillips 66 (NYSE:PSX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 18,367 shares of the oil and gas company's stock, valued at approximately $2,268,000.

Several other institutional investors have also recently bought and sold shares of the company. Pacific Center for Financial Services acquired a new position in Phillips 66 in the fourth quarter valued at about $27,000. von Borstel & Associates Inc. acquired a new position in Phillips 66 in the first quarter valued at about $27,000. Olde Wealth Management LLC acquired a new position in Phillips 66 in the first quarter valued at about $28,000. Wood Tarver Financial Group LLC acquired a new position in Phillips 66 in the fourth quarter valued at about $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in Phillips 66 in the first quarter valued at about $29,000. Institutional investors own 76.93% of the company's stock.

Wall Street Analysts Forecast Growth

PSX has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Phillips 66 from $122.00 to $128.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. Tudor Pickering lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Piper Sandler reduced their target price on shares of Phillips 66 from $147.00 to $144.00 and set a "neutral" rating on the stock in a research report on Monday. JPMorgan Chase & Co. set a $115.00 target price on shares of Phillips 66 in a research report on Wednesday, June 18th. Finally, Compass Point initiated coverage on shares of Phillips 66 in a research report on Wednesday, June 18th. They set a "buy" rating on the stock. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $136.13.

Phillips 66 Trading Down 3.2%

NYSE:PSX traded down $3.99 during mid-day trading on Friday, hitting $119.59. 2,115,491 shares of the company's stock were exchanged, compared to its average volume of 3,473,188. The company has a 50 day simple moving average of $122.28 and a 200-day simple moving average of $118.88. The company has a current ratio of 1.07, a quick ratio of 0.88 and a debt-to-equity ratio of 0.60. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $140.85. The firm has a market capitalization of $48.33 billion, a P/E ratio of 28.75, a PEG ratio of 1.69 and a beta of 1.02.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its earnings results on Friday, July 25th. The oil and gas company reported $2.38 EPS for the quarter, topping the consensus estimate of $1.79 by $0.59. The business had revenue of $33.77 billion for the quarter, compared to the consensus estimate of $32.11 billion. Phillips 66 had a net margin of 1.27% and a return on equity of 4.87%. During the same period last year, the company earned $2.31 EPS. As a group, research analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a $1.20 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.0%. Phillips 66's payout ratio is 115.38%.

Insider Transactions at Phillips 66

In other news, EVP Brian Mandell sold 9,800 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $125.00, for a total value of $1,225,000.00. Following the transaction, the executive vice president owned 56,838 shares in the company, valued at approximately $7,104,750. The trade was a 14.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Vanessa Allen Sutherland sold 4,393 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $130.00, for a total transaction of $571,090.00. Following the completion of the transaction, the executive vice president owned 43,373 shares in the company, valued at $5,638,490. This trade represents a 9.20% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company's stock.

Phillips 66 Company 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.