Key Points
- Phillips 66 EVP Vanessa Allen Sutherland sold 3,523 shares for approximately $743,529 under a pre-arranged Rule 10b5-1 trading plan, reducing her direct holdings by 11.34% to 27,537 shares.
- Phillips 66 shares opened at $206.03, near their 12-month high, while the company reported quarterly EPS of $0.49—well above the $0.54-per-share loss analysts expected—and revenue of $32.54 billion.
- The company declared a quarterly dividend of $1.27, equivalent to a $5.08 annualized payout and a 2.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $201.72.
Phillips 66 (NYSE:PSX - Get Free Report) EVP Vanessa Allen Sutherland sold 563 shares of the firm's stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $211.01, for a total transaction of $118,798.63. Following the sale, the executive vice president owned 31,060 shares of the company's stock, valued at approximately $6,553,970.60. The trade was a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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
Phillips 66 stock opened at $206.03 on Wednesday. The firm has a 50 day simple moving average of $183.56 and a 200-day simple moving average of $169.46. Phillips 66 has a 1-year low of $118.07 and a 1-year high of $216.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market cap of $82.60 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 0.17 and a beta of 0.69.
Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 EPS for the quarter, beating the consensus estimate of ($0.54) by $1.03. The firm had revenue of $32.54 billion for the quarter, compared to analyst estimates of $35.86 billion. Phillips 66 had a net margin of 2.99% and a return on equity of 10.98%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.90) EPS. On average, analysts expect that Phillips 66 will post 22.43 EPS for the current year.
Phillips 66 Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, August 18th. Phillips 66's dividend payout ratio is presently 50.05%.
Analyst Ratings Changes
A number of equities research analysts have commented on PSX shares. Guggenheim upgraded Phillips 66 to an "outperform" rating in a research report on Wednesday, May 27th. BMO Capital Markets raised their price objective on Phillips 66 from $195.00 to $215.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 13th. Scotiabank boosted their price objective on shares of Phillips 66 from $140.00 to $151.00 and gave the company a "sector perform" rating in a report on Wednesday, April 22nd. Zacks Research cut shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. Finally, UBS Group increased their target price on shares of Phillips 66 from $212.00 to $235.00 and gave the stock a "buy" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Phillips 66 currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.72.
Get Our Latest Analysis on Phillips 66
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Richard C. Young & CO. LTD. raised its holdings in shares of Phillips 66 by 1.5% in the 2nd quarter. Richard C. Young & CO. LTD. now owns 109,824 shares of the oil and gas company's stock valued at $18,566,000 after buying an additional 1,630 shares during the period. Summit Wealth Group LLC Co. boosted its holdings in Phillips 66 by 6.1% during the 2nd quarter. Summit Wealth Group LLC Co. now owns 1,997 shares of the oil and gas company's stock valued at $338,000 after acquiring an additional 114 shares during the period. Atria Investments Inc grew its position in Phillips 66 by 3.5% in the 2nd quarter. Atria Investments Inc now owns 19,061 shares of the oil and gas company's stock valued at $3,222,000 after acquiring an additional 648 shares in the last quarter. Angeles Wealth Management LLC grew its position in Phillips 66 by 1.6% in the 2nd quarter. Angeles Wealth Management LLC now owns 6,004 shares of the oil and gas company's stock valued at $1,015,000 after acquiring an additional 95 shares in the last quarter. Finally, Sciencast Management LP purchased a new stake in Phillips 66 during the second quarter worth about $3,991,000. 76.93% of the stock is currently owned by hedge funds and other institutional investors.
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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