Phillips 66 (NYSE:PSX) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its holdings in Phillips 66 (NYSE:PSX - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,225 shares of the oil and gas company's stock after selling 2,392 shares during the period. Illinois Municipal Retirement Fund's holdings in Phillips 66 were worth $6,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. J.Safra Asset Management Corp acquired a new position in Phillips 66 during the 4th quarter worth about $25,000. Pacific Center for Financial Services acquired a new position in Phillips 66 during the 4th quarter worth about $27,000. Graney & King LLC acquired a new position in Phillips 66 during the 4th quarter worth about $28,000. Wood Tarver Financial Group LLC acquired a new position in Phillips 66 during the 4th quarter worth about $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in Phillips 66 during the 1st quarter worth about $29,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Insider Buying and Selling

In related 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Pease purchased 439 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average price of $113.85 per share, for a total transaction of $49,980.15. Following the purchase, the director now directly owns 4,091 shares in the company, valued at $465,760.35. The trade was a 12.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by company insiders.

Phillips 66 Trading Down 0.6%

PSX opened at $119.43 on Friday. Phillips 66 has a one year low of $91.01 and a one year high of $150.12. The company has a market cap of $48.66 billion, a P/E ratio of 27.21, a PEG ratio of 1.86 and a beta of 1.02. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.23. The business's 50-day simple moving average is $114.67 and its 200-day simple moving average is $116.87.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings data 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 business had revenue of $31.92 billion during the quarter, compared to analysts' expectations 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 EPS. As a group, equities research analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on PSX shares. Compass Point started coverage on Phillips 66 in a research note on Wednesday, June 18th. They set a "buy" rating on the stock. Raymond James Financial decreased their target price on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Evercore ISI initiated coverage on Phillips 66 in a research report on Wednesday, June 18th. They issued an "outperform" rating and a $130.00 price target on the stock. Tudor Pickering lowered Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, UBS Group reduced their price target on Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $133.93.

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.

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