Phillips 66 (NYSE:PSX) Shares Sold by Hyman Charles D

Hyman Charles D lessened its holdings in shares of Phillips 66 (NYSE:PSX) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 169,271 shares of the oil and gas company’s stock after selling 500 shares during the quarter. Phillips 66 makes up about 1.3% of Hyman Charles D’s investment portfolio, making the stock its 22nd biggest position. Hyman Charles D’s holdings in Phillips 66 were worth $23,896,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Phillips 66 in the 4th quarter valued at about $1,910,000. Jennison Associates LLC raised its stake in Phillips 66 by 15.1% during the fourth quarter. Jennison Associates LLC now owns 5,621 shares of the oil and gas company’s stock worth $748,000 after purchasing an additional 738 shares during the period. Bfsg LLC acquired a new position in shares of Phillips 66 in the 4th quarter valued at $80,000. Atria Wealth Solutions Inc. grew its stake in shares of Phillips 66 by 7.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 38,449 shares of the oil and gas company’s stock valued at $5,119,000 after buying an additional 2,519 shares during the period. Finally, Syon Capital LLC increased its holdings in shares of Phillips 66 by 7.9% during the 4th quarter. Syon Capital LLC now owns 3,401 shares of the oil and gas company’s stock worth $453,000 after buying an additional 248 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Down 0.1 %

PSX traded down $0.14 during trading on Monday, hitting $135.23. The company had a trading volume of 1,904,415 shares, compared to its average volume of 2,636,589. The company has a market cap of $57.33 billion, a PE ratio of 10.40, a P/E/G ratio of 2.43 and a beta of 1.34. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.79. Phillips 66 has a 1-year low of $107.85 and a 1-year high of $174.08. The business has a 50-day moving average of $137.88 and a 200-day moving average of $145.48.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, July 30th. The oil and gas company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.98 by $0.33. The business had revenue of $38.91 billion for the quarter, compared to analysts’ expectations of $37.79 billion. Phillips 66 had a net margin of 3.32% and a return on equity of 16.77%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.87 earnings per share. As a group, analysts forecast that Phillips 66 will post 9.53 earnings per share for the current year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be issued a $1.15 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.40%. Phillips 66’s dividend payout ratio (DPR) is 35.38%.

Insider Activity at Phillips 66

In related news, CFO Kevin J. Mitchell sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $139.01, for a total transaction of $4,170,300.00. Following the completion of the sale, the chief financial officer now owns 81,937 shares of the company’s stock, valued at approximately $11,390,062.37. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PSX shares. Barclays boosted their price target on Phillips 66 from $136.00 to $138.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. StockNews.com downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Argus reaffirmed a “buy” rating and set a $167.00 price target on shares of Phillips 66 in a research report on Thursday, May 30th. Piper Sandler decreased their target price on Phillips 66 from $170.00 to $151.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. Finally, Wolfe Research assumed coverage on Phillips 66 in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $157.38.

Phillips 66 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.