Phillips 66 (NYSE:PSX) EVP Vanessa Allen Sutherland Sells 563 Shares

Phillips 66 (NYSE:PSX) EVP Vanessa Allen Sutherland sold 563 shares of the stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $211.01, for a total value of $118,798.63. Following the transaction, the executive vice president owned 31,060 shares in the company, valued at $6,553,970.60. This trade represents a 1.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Vanessa Allen Sutherland also recently made the following trade(s):

• On Tuesday, July 21st, Vanessa Allen Sutherland sold 3,523 shares of Phillips 66 stock. The stock was sold at an average price of $211.05, for a total transaction of $743,529.15.

Phillips 66 Stock Performance

NYSE:PSX opened at $206.03 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.13. The company has a fifty day moving average of $183.56 and a two-hundred day moving average of $169.46. The stock has a market capitalization of $82.60 billion, a PE ratio of 20.30, a P/E/G ratio of 0.17 and a beta of 0.69. Phillips 66 has a fifty-two week low of $118.07 and a fifty-two week high of $216.08.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $1.03. Phillips 66 had a net margin of 2.99% and a return on equity of 10.98%. The business had revenue of $32.54 billion for the quarter, compared to the consensus estimate of $35.86 billion. During the same period last year, the firm posted ($0.90) earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts forecast that Phillips 66 will post 22.43 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be paid a $1.27 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $5.08 dividend on an annualized basis and a yield of 2.5%. Phillips 66’s dividend payout ratio (DPR) is currently 50.05%.

Wall Street Analyst Weigh In

Several research firms have commented on PSX. Argus boosted their price objective on Phillips 66 from $185.00 to $197.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Raymond James Financial raised their target price on Phillips 66 from $218.00 to $235.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Citigroup lifted their price target on Phillips 66 from $183.00 to $204.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. BMO Capital Markets increased their price objective on Phillips 66 from $195.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group raised their price objective on Phillips 66 from $191.00 to $207.00 and gave the company a “hold” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $201.72.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PSX. Accordant Advisory Group Inc grew its position in shares of Phillips 66 by 900.0% in the fourth quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 180 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in Phillips 66 during the fourth quarter worth approximately $27,000. NFSG Corp boosted its stake in Phillips 66 by 105.6% during the first quarter. NFSG Corp now owns 146 shares of the oil and gas company’s stock worth $27,000 after buying an additional 75 shares during the last quarter. Axiom Investment Management LLC acquired a new position in Phillips 66 during the first quarter worth $27,000. Finally, SWAN Capital LLC grew its holdings in Phillips 66 by 1,055.6% in the 4th quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 190 shares in the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

About Phillips 66

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.