Insider Selling: Phillips 66 (NYSE:PSX) EVP Sells 4,393 Shares of Stock

Key Points

• Vanessa Allen Sutherland, EVP at Phillips 66, sold 4,393 shares of stock on September 9th at an average price of $135.00, reducing her ownership by 10.13% to 38,980 shares.
• Phillips 66 recently announced a quarterly dividend of $1.20 per share, reflecting an annualized yield of 3.6%, with a payout ratio of 115.38%.
• After reporting strong quarterly earnings of $2.38 EPS on July 25, Phillips 66 has a market capitalization of $53.44 billion and a moderate buy consensus rating from analysts.

Phillips 66 (NYSE:PSX - Get Free Report) EVP Vanessa Allen Sutherland sold 4,393 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $135.00, for a total value of $593,055.00. Following the sale, the executive vice president directly owned 38,980 shares in the company, valued at $5,262,300. The trade was a 10.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Vanessa Allen Sutherland also recently made the following trade(s):

• On Tuesday, July 8th, Vanessa Allen Sutherland sold 4,393 shares of Phillips 66 stock. The stock was sold at an average price of $130.00, for a total value of $571,090.00.

Phillips 66 Stock Up 1.6%

Shares of PSX traded up $2.03 during midday trading on Tuesday, hitting $132.24. The stock had a trading volume of 2,830,551 shares, compared to its average volume of 1,988,869. The company has a 50 day simple moving average of $126.47 and a two-hundred day simple moving average of $119.35. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $140.60. The firm has a market cap of $53.44 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth ratio of 2.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 0.79.

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

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a $1.20 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.6%. Phillips 66's payout ratio is currently 115.38%.

Wall Street Analyst Weigh In

PSX has been the topic of a number of recent research reports. Compass Point initiated coverage on Phillips 66 in a research report on Wednesday, June 18th. They issued a "buy" rating on the stock. Cantor Fitzgerald initiated coverage on Phillips 66 in a research report on Wednesday, June 18th. They set a "neutral" rating on the stock. Morgan Stanley boosted their price target on Phillips 66 from $122.00 to $128.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Citigroup downgraded Phillips 66 from a "buy" rating to a "neutral" rating and boosted their price target for the stock from $126.00 to $130.00 in a research report on Wednesday, July 16th. Finally, TD Cowen boosted their price target on Phillips 66 from $130.00 to $134.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Phillips 66 presently has a consensus rating of "Moderate Buy" and an average price target of $135.80.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PSX. Brighton Jones LLC raised its position in Phillips 66 by 238.5% during the fourth quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company's stock valued at $1,166,000 after purchasing an additional 7,214 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Phillips 66 by 218.0% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,264 shares of the oil and gas company's stock worth $1,169,000 after buying an additional 7,036 shares in the last quarter. Ethic Inc. increased its holdings in shares of Phillips 66 by 237.2% during the fourth quarter. Ethic Inc. now owns 9,095 shares of the oil and gas company's stock worth $1,036,000 after buying an additional 6,398 shares in the last quarter. Graham Capital Management L.P. acquired a new position in shares of Phillips 66 during the fourth quarter worth $1,035,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Phillips 66 by 20.8% during the fourth quarter. Janus Henderson Group PLC now owns 275,569 shares of the oil and gas company's stock worth $31,392,000 after buying an additional 47,404 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

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.

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