Vanessa Allen Sutherland Sells 4,393 Shares of Phillips 66 (NYSE:PSX) Stock

Phillips 66 (NYSE:PSX - Get Free Report) EVP Vanessa Allen Sutherland sold 4,393 shares of the stock in a transaction that occurred 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 directly owned 43,373 shares of the company's stock, valued at $5,638,490. The trade was a 9.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Phillips 66 Stock Up 0.6%

Shares of NYSE:PSX traded up $0.74 during midday trading on Wednesday, hitting $130.74. 3,160,573 shares of the stock were exchanged, compared to its average volume of 3,115,558. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.23. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $150.12. The business's fifty day simple moving average is $117.83 and its two-hundred day simple moving average is $117.34. The company has a market capitalization of $53.27 billion, a PE ratio of 29.78, a P/E/G ratio of 1.98 and a beta of 1.02.

Phillips 66 (NYSE:PSX - Get Free Report) last issued 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). The business had revenue of $31.92 billion during the quarter, compared to analyst estimates of $31.93 billion. Phillips 66 had a net margin of 1.32% and a return on equity of 4.83%. During the same period in the prior year, the business posted $1.90 earnings per share. As a group, research analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a dividend of $1.20 per share. The ex-dividend date was Monday, May 19th. This is an increase from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 3.67%. Phillips 66's dividend payout ratio (DPR) is 109.34%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cohen & Steers Inc. raised its stake in shares of Phillips 66 by 40.3% in the fourth quarter. Cohen & Steers Inc. now owns 91,663 shares of the oil and gas company's stock valued at $10,443,000 after acquiring an additional 26,318 shares during the last quarter. American Assets Investment Management LLC raised its position in Phillips 66 by 2.3% in the 4th 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 during the last quarter. LBP AM SA raised its position in Phillips 66 by 217.9% in the 4th quarter. LBP AM SA now owns 68,923 shares of the oil and gas company's stock worth $7,852,000 after purchasing an additional 47,242 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in Phillips 66 in the 4th quarter worth approximately $4,333,000. Finally, Resona Asset Management Co. Ltd. bought a new position in Phillips 66 in the 4th quarter worth approximately $15,203,000. Institutional investors own 76.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PSX shares. JPMorgan Chase & Co. set a $115.00 price objective on Phillips 66 in a research report on Wednesday, June 18th. Cantor Fitzgerald started coverage on Phillips 66 in a research report on Wednesday, June 18th. They set a "neutral" rating on the stock. UBS Group decreased their target price 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. Raymond James Financial dropped their target price on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Tudor Pickering downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $134.79.

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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