Phillips 66 (NYSE:PSX) Director Lisa Ann Davis Sells 3,800 Shares

Phillips 66 (NYSE:PSX) Director Lisa Ann Davis sold 3,800 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $174.37, for a total transaction of $662,606.00. Following the sale, the director directly owned 8,701 shares of the company’s stock, valued at $1,517,193.37. The trade was a 30.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Phillips 66 Trading Up 0.5%

Phillips 66 stock traded up $0.82 during trading hours on Monday, reaching $173.56. The stock had a trading volume of 3,140,300 shares, compared to its average volume of 2,868,366. The company has a fifty day simple moving average of $151.43 and a 200-day simple moving average of $140.17. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $178.38. The stock has a market cap of $69.55 billion, a PE ratio of 16.04, a PEG ratio of 0.60 and a beta of 0.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 0.91.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, beating the consensus estimate of $2.15 by $0.32. The firm had revenue of $32.16 billion during the quarter, compared to the consensus estimate of $33.81 billion. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. During the same period in the prior year, the firm posted ($0.15) earnings per share. Analysts forecast that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, February 23rd were given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, February 23rd. This is a positive change from Phillips 66’s previous quarterly dividend of $1.20. Phillips 66’s dividend payout ratio is currently 46.95%.

Wall Street Analyst Weigh In

PSX has been the topic of a number of recent analyst reports. TD Cowen reiterated a “buy” rating on shares of Phillips 66 in a research report on Friday, February 6th. JPMorgan Chase & Co. decreased their target price on Phillips 66 from $154.00 to $151.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Morgan Stanley raised their price target on Phillips 66 from $140.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 5th. Argus lifted their price target on shares of Phillips 66 from $152.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, Wolfe Research boosted their price objective on shares of Phillips 66 from $159.00 to $164.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Eleven equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $161.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Clifford Group LLC raised its position in shares of Phillips 66 by 2.0% in the 4th quarter. Clifford Group LLC now owns 3,315 shares of the oil and gas company’s stock worth $428,000 after acquiring an additional 64 shares in the last quarter. CYBER HORNET ETFs LLC boosted its position in shares of Phillips 66 by 5.7% during the fourth quarter. CYBER HORNET ETFs LLC now owns 1,228 shares of the oil and gas company’s stock valued at $158,000 after purchasing an additional 66 shares in the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Phillips 66 by 2.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 3,210 shares of the oil and gas company’s stock valued at $414,000 after purchasing an additional 72 shares in the last quarter. Johnson Financial Group Inc. grew its stake in Phillips 66 by 11.9% in the fourth quarter. Johnson Financial Group Inc. now owns 679 shares of the oil and gas company’s stock worth $88,000 after purchasing an additional 72 shares during the period. Finally, L2 Asset Management LLC grew its stake in Phillips 66 by 4.0% in the third quarter. L2 Asset Management LLC now owns 1,893 shares of the oil and gas company’s stock worth $257,000 after purchasing an additional 72 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Company Profile

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.