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

Phillips 66 (NYSE:PSX - Get Free Report) EVP Vanessa Allen Sutherland sold 4,393 shares of Phillips 66 stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $130.00, for a total value of $571,090.00. Following the completion of the sale, the executive vice president 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 filing with the SEC, which is available through the SEC website.

Phillips 66 Stock Performance

Shares of NYSE:PSX traded down $2.73 during mid-day trading on Friday, reaching $131.66. 1,679,501 shares of the company traded hands, compared to its average volume of 3,114,539. The company's 50 day moving average price is $118.98 and its 200-day moving average price is $117.59. The firm has a market cap of $53.64 billion, a PE ratio of 29.99, a PEG ratio of 2.06 and a beta of 1.02. 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 has a 52 week low of $91.01 and a 52 week high of $150.12.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). The company had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 had a net margin of 1.32% and a return on equity of 4.83%. During the same quarter last year, the firm posted $1.90 earnings per share. On average, equities analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.65%. Phillips 66's dividend payout ratio (DPR) is presently 109.34%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Forum Financial Management LP lifted its holdings in Phillips 66 by 1.0% in the 4th quarter. Forum Financial Management LP now owns 7,486 shares of the oil and gas company's stock worth $853,000 after purchasing an additional 77 shares in the last quarter. WealthTrust Axiom LLC lifted its holdings in Phillips 66 by 1.1% in the 1st quarter. WealthTrust Axiom LLC now owns 7,241 shares of the oil and gas company's stock worth $894,000 after purchasing an additional 81 shares in the last quarter. Biltmore Wealth Management LLC lifted its holdings in Phillips 66 by 2.4% in the 2nd quarter. Biltmore Wealth Management LLC now owns 3,613 shares of the oil and gas company's stock worth $431,000 after purchasing an additional 85 shares in the last quarter. Tortoise Investment Management LLC lifted its holdings in Phillips 66 by 16.1% in the 4th quarter. Tortoise Investment Management LLC now owns 633 shares of the oil and gas company's stock worth $72,000 after purchasing an additional 88 shares in the last quarter. Finally, Smith Moore & CO. lifted its holdings in Phillips 66 by 0.9% in the 4th quarter. Smith Moore & CO. now owns 10,732 shares of the oil and gas company's stock worth $1,223,000 after purchasing an additional 91 shares in the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on PSX shares. Morgan Stanley reduced their price objective on Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Mizuho lifted their price objective on Phillips 66 from $132.00 to $138.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. The Goldman Sachs Group downgraded Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price objective for the company. in a report on Thursday, March 27th. Piper Sandler boosted their price target on Phillips 66 from $131.00 to $148.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Compass Point initiated coverage on Phillips 66 in a research note on Wednesday, June 18th. They set a "buy" rating for the company. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $135.07.

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.