Key Points
- Vanessa Allen Sutherland, EVP, sold 4,394 shares of Phillips 66 on Jan. 9 at an average of $145 per share for $637,130, leaving her with 30,193 shares — a 12.7% reduction in her stake.
- Phillips 66 last reported EPS of $2.52 (beating the $2.14 estimate) on $33.69 billion of revenue, and analysts hold a consensus "Moderate Buy" rating with an average price target of $146.88, roughly in line with the current share price (~$142).
Phillips 66 (NYSE:PSX - Get Free Report) EVP Vanessa Allen Sutherland sold 4,394 shares of the company's stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $145.00, for a total value of $637,130.00. Following the completion of the sale, the executive vice president directly owned 30,193 shares of the company's stock, valued at approximately $4,377,985. This trade represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Phillips 66 Price Performance
Shares of NYSE PSX opened at $142.24 on Friday. The stock has a market cap of $57.31 billion, a P/E ratio of 38.86, a P/E/G ratio of 0.38 and a beta of 0.90. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $145.68. The stock has a 50 day moving average of $135.86 and a two-hundred day moving average of $131.23. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68.
Phillips 66 (NYSE:PSX - Get Free Report) last announced its earnings results on Wednesday, October 29th. The oil and gas company reported $2.52 EPS for the quarter, beating analysts' consensus estimates of $2.14 by $0.38. Phillips 66 had a net margin of 1.12% and a return on equity of 5.53%. The business had revenue of $33.69 billion for the quarter, compared to analysts' expectations of $32.29 billion. During the same period in the previous year, the company posted $2.04 EPS. On average, research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have commented on PSX. Barclays upped their price objective on Phillips 66 from $132.00 to $141.00 and gave the company an "equal weight" rating in a research note on Monday, November 17th. Mizuho increased their price target on Phillips 66 from $145.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday, December 12th. Wells Fargo & Company lifted their price objective on shares of Phillips 66 from $154.00 to $162.00 and gave the company an "overweight" rating in a research report on Thursday, October 30th. Raymond James Financial cut their price objective on shares of Phillips 66 from $169.00 to $160.00 and set an "outperform" rating for the company in a research report on Monday, December 22nd. Finally, Piper Sandler lowered their target price on shares of Phillips 66 from $171.00 to $155.00 and set a "neutral" rating on the stock in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, Phillips 66 presently has a consensus rating of "Moderate Buy" and an average price target of $146.88.
Check Out Our Latest Report on PSX
Hedge Funds Weigh In On Phillips 66
A number of large investors have recently made changes to their positions in PSX. L2 Asset Management LLC grew its position in Phillips 66 by 4.0% during the third quarter. L2 Asset Management LLC now owns 1,893 shares of the oil and gas company's stock worth $257,000 after buying an additional 72 shares during the period. Mesirow Financial Investment Management Inc. boosted its stake in shares of Phillips 66 by 0.5% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 15,658 shares of the oil and gas company's stock worth $2,130,000 after acquiring an additional 73 shares in the last quarter. KCM Investment Advisors LLC grew its holdings in shares of Phillips 66 by 1.6% in the 3rd quarter. KCM Investment Advisors LLC now owns 4,636 shares of the oil and gas company's stock worth $631,000 after acquiring an additional 74 shares during the period. Heck Capital Advisors LLC increased its stake in Phillips 66 by 1.2% in the 3rd quarter. Heck Capital Advisors LLC now owns 6,124 shares of the oil and gas company's stock valued at $833,000 after purchasing an additional 75 shares in the last quarter. Finally, Portside Wealth Group LLC increased its stake in Phillips 66 by 3.8% in the 3rd quarter. Portside Wealth Group LLC now owns 2,033 shares of the oil and gas company's stock valued at $277,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company's stock.
Phillips 66 Company Profile
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Get Free Report)
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.
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