Diversified Trust Co Sells 7,528 Shares of Phillips 66 (NYSE:PSX)

Diversified Trust Co lowered its stake in Phillips 66 (NYSE:PSX - Free Report) by 60.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,868 shares of the oil and gas company's stock after selling 7,528 shares during the period. Diversified Trust Co's holdings in Phillips 66 were worth $601,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PSX. J.Safra Asset Management Corp bought a new position in shares of Phillips 66 during the fourth quarter worth approximately $25,000. Pacific Center for Financial Services acquired a new position in Phillips 66 in the 4th quarter valued at $27,000. Graney & King LLC bought a new position in Phillips 66 during the 4th quarter worth $28,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Phillips 66 during the fourth quarter worth $29,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Phillips 66 during the first quarter worth $29,000. 76.93% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Robert W. Pease bought 439 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average cost of $113.85 per share, with a total value of $49,980.15. Following the transaction, the director now directly owns 4,091 shares in the company, valued at approximately $465,760.35. This trade represents a 12.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian Mandell sold 9,800 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 56,838 shares in the company, valued at $7,104,750. This trade represents a 14.71% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.22% of the company's stock.

Phillips 66 Stock Performance

Shares of Phillips 66 stock opened at $119.43 on Monday. The company's 50 day moving average price is $114.67 and its two-hundred day moving average price is $116.82. The firm has a market capitalization of $48.66 billion, a P/E ratio of 27.21, a P/E/G ratio of 1.86 and a beta of 1.02. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $150.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.23 and a quick ratio of 0.88.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). The firm had revenue of $31.92 billion during the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 had a net margin of 1.32% and a return on equity of 4.83%. During the same quarter in the previous year, the company posted $1.90 earnings per share. On average, equities analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a $1.20 dividend. The ex-dividend date was Monday, May 19th. This is an increase from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 4.02%. Phillips 66's dividend payout ratio (DPR) is currently 109.34%.

Analysts Set New Price Targets

PSX has been the topic of a number of recent research reports. The Goldman Sachs Group lowered shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price target on the stock. in a research report on Thursday, March 27th. Cantor Fitzgerald started coverage on shares of Phillips 66 in a research report on Wednesday, June 18th. They set a "neutral" rating on the stock. Raymond James Financial lowered their target price on shares of Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Mizuho boosted their price target on Phillips 66 from $132.00 to $138.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Finally, Tudor Pickering downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Phillips 66 currently has an average rating of "Moderate Buy" and a consensus price target of $133.93.

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.

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