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

Phillips 66 (NYSE:PSX - Get Free Report) EVP Vanessa Allen Sutherland sold 4,393 shares of the stock in a transaction on Tuesday, July 8th. The stock was 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 in the company, valued at $5,638,490. The trade was a 9.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Phillips 66 Stock Performance

Shares of NYSE PSX traded up $3.69 during midday trading on Thursday, hitting $134.20. 1,121,064 shares of the company's stock were exchanged, compared to its average volume of 3,109,932. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 0.63. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $150.12. The company's 50 day moving average price is $118.36 and its 200 day moving average price is $117.43. The firm has a market capitalization of $54.68 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.04 and a beta of 1.02.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its earnings results on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.97). Phillips 66 had a return on equity of 4.83% and a net margin of 1.32%. The business had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. During the same quarter in the prior year, the firm posted $1.90 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a dividend of $1.20 per share. This is an increase from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend was Monday, May 19th. Phillips 66's payout ratio is currently 109.34%.

Analyst Ratings Changes

Several research firms have weighed in on PSX. The Goldman Sachs Group lowered Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price on the stock. in a research note on Thursday, March 27th. Morgan Stanley cut their target price on Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Piper Sandler increased their target price on Phillips 66 from $131.00 to $148.00 and gave the company a "neutral" rating in a research note on Thursday. TD Cowen increased their target price on Phillips 66 from $114.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, Wall Street Zen raised Phillips 66 from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $135.07.

Institutional Trading of Phillips 66

Institutional investors have recently added to or reduced their stakes in the company. von Borstel & Associates Inc. bought a new stake in Phillips 66 in the 1st quarter valued at $27,000. Olde Wealth Management LLC bought a new stake in Phillips 66 in the 1st quarter valued at $28,000. Opal Wealth Advisors LLC bought a new stake in Phillips 66 in the 1st quarter valued at $29,000. Pacific Center for Financial Services bought a new stake in Phillips 66 in the 4th quarter valued at $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in Phillips 66 in the 1st quarter valued at $29,000. 76.93% of the stock is currently owned by institutional investors.

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.