Phillips 66 (NYSE:PSX) Shares Bought by Lbp Am Sa

LBP AM SA raised its position in Phillips 66 (NYSE:PSX - Free Report) by 20.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 83,256 shares of the oil and gas company's stock after purchasing an additional 14,333 shares during the period. LBP AM SA's holdings in Phillips 66 were worth $10,280,000 at the end of the most recent reporting period.

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

Insider Activity

In other Phillips 66 news, EVP Brian Mandell sold 9,800 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $125.00, for a total transaction of $1,225,000.00. Following the completion of the sale, the executive vice president owned 56,838 shares in the company, valued at $7,104,750. This trade represents a 14.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vanessa Allen Sutherland sold 4,393 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $130.00, for a total value of $571,090.00. Following the sale, the executive vice president owned 43,373 shares of the company's stock, valued at approximately $5,638,490. This trade represents a 9.20% 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 Down 2.0%

Shares of PSX stock traded down $2.73 during trading hours on Friday, reaching $131.66. The company had a trading volume of 1,679,501 shares, compared to its average volume of 3,124,656. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.23. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $150.12. The company has a market capitalization of $53.64 billion, a P/E ratio of 29.99, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02. The stock's fifty day simple moving average is $119.47 and its 200 day simple moving average is $117.81.

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

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.65%. Phillips 66's dividend payout ratio (DPR) is currently 109.34%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Tudor Pickering downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. TD Cowen increased their target price on Phillips 66 from $114.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Mizuho increased their target price on Phillips 66 from $132.00 to $138.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group downgraded Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price on the stock. in a research report on Thursday, March 27th. Finally, Cantor Fitzgerald assumed coverage on Phillips 66 in a research report on Wednesday, June 18th. They set a "neutral" rating on the stock. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Phillips 66 presently has an average rating of "Moderate Buy" and an average price target of $135.07.

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.