Investors Sell Phillips 66 (PSX) on Strength (PSX)

Traders sold shares of Phillips 66 (NYSE:PSX) on strength during trading hours on Monday. $69.90 million flowed into the stock on the tick-up and $102.15 million flowed out of the stock on the tick-down, for a money net flow of $32.25 million out of the stock. Of all equities tracked, Phillips 66 had the 26th highest net out-flow for the day. Phillips 66 traded up $0.71 for the day and closed at $94.23

Several equities research analysts have recently issued reports on the company. Tudor Pickering raised Phillips 66 from a “hold” rating to a “buy” rating in a research report on Friday. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Phillips 66 in a research report on Thursday, January 10th. Raymond James decreased their target price on Phillips 66 from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, December 31st. Jefferies Financial Group raised Phillips 66 from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. Finally, Zacks Investment Research lowered Phillips 66 from a “buy” rating to a “hold” rating in a research report on Thursday, November 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $123.62.

The firm has a market capitalization of $43.12 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 1.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.28 and a quick ratio of 0.82.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, February 8th. The oil and gas company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $2.76 by $2.11. Phillips 66 had a return on equity of 22.18% and a net margin of 4.90%. The company had revenue of $29.84 billion during the quarter, compared to analyst estimates of $35.51 billion. During the same quarter last year, the firm posted $1.07 EPS. On average, analysts anticipate that Phillips 66 will post 8.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Tuesday, February 19th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Friday, February 15th. Phillips 66’s dividend payout ratio (DPR) is currently 27.33%.

In other news, Director J Brian Ferguson acquired 21,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average price of $92.31 per share, with a total value of $1,984,665.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.56% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Torray LLC boosted its stake in Phillips 66 by 0.6% in the 4th quarter. Torray LLC now owns 16,962 shares of the oil and gas company’s stock worth $1,461,000 after purchasing an additional 106 shares during the period. Pflug Koory LLC boosted its stake in Phillips 66 by 3.2% in the 4th quarter. Pflug Koory LLC now owns 3,584 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 110 shares during the period. Coastline Trust Co boosted its stake in Phillips 66 by 0.7% in the 4th quarter. Coastline Trust Co now owns 16,200 shares of the oil and gas company’s stock worth $1,395,000 after purchasing an additional 111 shares during the period. Stock Yards Bank & Trust Co. boosted its stake in Phillips 66 by 0.9% in the 4th quarter. Stock Yards Bank & Trust Co. now owns 13,164 shares of the oil and gas company’s stock worth $1,134,000 after purchasing an additional 115 shares during the period. Finally, Alpha Windward LLC boosted its stake in Phillips 66 by 1.6% in the 4th quarter. Alpha Windward LLC now owns 7,586 shares of the oil and gas company’s stock worth $654,000 after purchasing an additional 119 shares during the period. 70.76% of the stock is owned by institutional investors.

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Phillips 66 Company Profile (NYSE:PSX)

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

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