Phillips 66 (NYSE:PSX) Director Robert W. Pease Buys 439 Shares

Phillips 66 (NYSE:PSX - Get Free Report) Director Robert W. Pease acquired 439 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average price of $113.85 per share, with a total value of $49,980.15. Following the transaction, the director now owns 4,091 shares in the company, valued at $465,760.35. The trade was a 12.02% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Phillips 66 Price Performance

NYSE PSX traded down $1.37 during trading hours on Friday, reaching $113.31. The company's stock had a trading volume of 4,559,842 shares, compared to its average volume of 3,013,715. 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 $46.17 billion, a PE ratio of 22.94, a PEG ratio of 4.84 and a beta of 1.01. The company's 50-day moving average is $109.26 and its two-hundred day moving average is $118.44. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.97). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. The firm had revenue of $31.92 billion for the quarter, compared to analyst estimates of $31.93 billion. During the same period in the prior year, the business earned $1.90 earnings per share. Analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $1.20 per share. This is a boost from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Monday, May 19th. Phillips 66's dividend payout ratio (DPR) is currently 109.34%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PSX shares. The Goldman Sachs Group downgraded shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price target for the company. in a report on Thursday, March 27th. Raymond James cut their price target on shares of Phillips 66 from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Tudor Pickering downgraded shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. UBS Group cut their price target on shares of Phillips 66 from $144.00 to $140.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, Morgan Stanley cut their price target on shares of Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $135.62.

Institutional Investors Weigh In On Phillips 66

Several hedge funds have recently modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in shares of Phillips 66 during the 1st quarter worth about $37,000. Strs Ohio purchased a new position in shares of Phillips 66 during the 1st quarter worth about $11,401,000. Intrua Financial LLC lifted its holdings in shares of Phillips 66 by 8.8% during the 1st quarter. Intrua Financial LLC now owns 8,890 shares of the oil and gas company's stock worth $1,098,000 after acquiring an additional 718 shares during the period. Advisors Capital Management LLC lifted its holdings in shares of Phillips 66 by 6.7% during the 1st quarter. Advisors Capital Management LLC now owns 63,433 shares of the oil and gas company's stock worth $7,833,000 after acquiring an additional 4,002 shares during the period. Finally, McAdam LLC purchased a new position in shares of Phillips 66 during the 1st quarter worth about $212,000. 76.93% of the stock is 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.