Key Points
- Director Lisa Ann Davis sold 3,800 shares on March 13 at an average of $174.37, a $662,606 sale that reduced her stake by 30.4% to 8,701 shares (about $1.52M).
- Dividend increased to $1.27 quarterly (annualized $5.08), yielding 2.9% with a payout ratio of 46.95%.
- Phillips 66 reported $2.47 EPS for the quarter (beating estimates) while revenue missed; the stock trades around $173.56 near its 12‑month high, with a PE of 16.0 and an average analyst rating of "Hold" (target $161.33).
Phillips 66 (NYSE:PSX - Get Free Report) Director Lisa Ann Davis sold 3,800 shares of the business's stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $174.37, for a total value of $662,606.00. Following the transaction, the director owned 8,701 shares of the company's stock, valued at approximately $1,517,193.37. This trade represents a 30.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Phillips 66 Price Performance
NYSE PSX opened at $173.56 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $178.38. The stock has a market cap of $69.55 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 0.60 and a beta of 0.86. The company's 50 day moving average is $152.11 and its two-hundred day moving average is $140.46.
Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.32. The firm had revenue of $32.16 billion during the quarter, compared to analysts' expectations 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 company posted ($0.15) earnings per share. As a group, research analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current 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 issued a dividend of $1.27 per share. This is a boost from Phillips 66's previous quarterly dividend of $1.20. 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. Phillips 66's payout ratio is 46.95%.
Hedge Funds Weigh In On Phillips 66
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. World Investment Advisors grew its holdings in Phillips 66 by 5.1% during the 4th quarter. World Investment Advisors now owns 12,407 shares of the oil and gas company's stock valued at $1,601,000 after buying an additional 599 shares in the last quarter. Green Ridge Wealth Planning LLC purchased a new stake in shares of Phillips 66 during the 4th quarter worth approximately $250,000. Bayban purchased a new stake in shares of Phillips 66 during the 4th quarter worth approximately $58,000. Rehmann Capital Advisory Group boosted its position in shares of Phillips 66 by 23.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,534 shares of the oil and gas company's stock valued at $327,000 after acquiring an additional 488 shares during the last quarter. Finally, SHP Wealth Management purchased a new position in shares of Phillips 66 in the fourth quarter valued at $88,000. 76.93% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on PSX shares. Jefferies Financial Group reiterated a "hold" rating and set a $158.00 target price on shares of Phillips 66 in a research report on Friday, February 20th. Weiss Ratings upgraded Phillips 66 from a "hold (c)" rating to a "buy (b-)" rating in a research note on Monday, February 23rd. Raymond James Financial increased their price objective on shares of Phillips 66 from $160.00 to $175.00 and gave the company an "outperform" rating in a report on Friday, January 23rd. Barclays set a $158.00 price objective on shares of Phillips 66 in a research report on Friday, February 20th. Finally, Citigroup upped their target price on shares of Phillips 66 from $146.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, February 9th. Eleven investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $161.33.
Check Out Our Latest Research Report on Phillips 66
About Phillips 66
(
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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