Phillips 66 (NYSE:PSX) EVP Sells $1,225,000.00 in Stock

Phillips 66 (NYSE:PSX - Get Free Report) EVP Brian Mandell sold 9,800 shares of Phillips 66 stock in a transaction dated Wednesday, June 18th. The stock was 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 approximately $7,104,750. The trade was a 14.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Phillips 66 Trading Up 0.0%

PSX traded up $0.05 during trading hours on Friday, reaching $124.87. The company's stock had a trading volume of 8,493,805 shares, compared to its average volume of 3,089,012. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $150.12. The stock has a market cap of $50.88 billion, a PE ratio of 28.44, a P/E/G ratio of 1.94 and a beta of 1.02. The business's 50-day moving average is $111.89 and its 200-day moving average is $117.30. 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 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). Phillips 66 had a net margin of 1.32% and a return on equity of 4.83%. The business had revenue of $31.92 billion during the quarter, compared to analyst estimates of $31.93 billion. During the same quarter in the prior year, the company posted $1.90 earnings per share. As a group, equities research analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a $1.20 dividend. The ex-dividend date was Monday, May 19th. This is a boost from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 3.84%. Phillips 66's dividend payout ratio is currently 109.34%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. lifted its stake in Phillips 66 by 10.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company's stock worth $5,349,000 after purchasing an additional 4,515 shares in the last quarter. Corps Capital Advisors LLC acquired a new position in Phillips 66 during the fourth quarter worth $412,000. Cohen & Steers Inc. lifted its stake in Phillips 66 by 40.3% during the fourth quarter. Cohen & Steers Inc. now owns 91,663 shares of the oil and gas company's stock worth $10,443,000 after purchasing an additional 26,318 shares in the last quarter. American Assets Investment Management LLC lifted its stake in Phillips 66 by 2.3% during the fourth quarter. American Assets Investment Management LLC now owns 130,800 shares of the oil and gas company's stock worth $14,902,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Phillips 66 during the fourth quarter worth $168,790,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on PSX. Evercore ISI assumed coverage on Phillips 66 in a report on Wednesday. They issued an "outperform" rating and a $130.00 price objective on the stock. Wells Fargo & Company lowered their target price on Phillips 66 from $149.00 to $147.00 and set an "overweight" rating on the stock in a report on Wednesday, June 11th. TD Cowen boosted their target price on Phillips 66 from $114.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Mizuho boosted their target price on Phillips 66 from $132.00 to $138.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. set a $115.00 target price on Phillips 66 in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Phillips 66 currently has a consensus 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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