Phillips 66 (NYSE:PSX – Get Free Report) EVP Vanessa Allen Sutherland sold 563 shares of Phillips 66 stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $211.01, for a total value of $118,798.63. Following the sale, the executive vice president directly owned 31,060 shares of the company’s stock, valued at approximately $6,553,970.60. This represents a 1.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 shares were sold at an average price of $211.05, for a total transaction of $743,529.15.
Phillips 66 Stock Up 1.8%
Shares of PSX opened at $210.47 on Friday. Phillips 66 has a 52 week low of $118.07 and a 52 week high of $216.08. The company has a market capitalization of $84.39 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 0.16 and a beta of 0.69. The stock’s 50-day moving average price is $184.84 and its 200-day moving average price is $170.38. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.63.
Phillips 66 Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 18th will be paid a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Phillips 66’s payout ratio is 50.05%.
More Phillips 66 News
Here are the key news stories impacting Phillips 66 this week:
- Positive Sentiment: Refining economics are supporting the stock. Record or elevated crack spreads, softer crude costs and potential supply disruptions linked to Iran are improving the outlook for U.S. refiners, including Phillips 66. Phillips 66 Gains on Refining Strength
- Positive Sentiment: Analyst expectations for second-quarter results have strengthened, reflecting anticipated refinery resilience and lower feedstock costs. The company’s prior quarter also exceeded EPS expectations, providing additional support for sentiment. Phillips 66 Q2 Earnings Preview
- Positive Sentiment: Phillips 66 shares outperformed the broader market as energy stocks advanced, reinforcing the stock’s recent momentum. Several analysts remain constructive, including UBS, which raised its price target to $235, while Guggenheim upgraded the shares to outperform. Phillips 66 Outpaces Stock Market Gains
- Positive Sentiment: The company’s quarterly dividend remains attractive at $1.27 per share, or $5.08 annualized, offering investors an approximately 2.5% yield and supporting total-return appeal.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on PSX shares. Guggenheim upgraded Phillips 66 to an “outperform” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded Phillips 66 from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 26th. The Goldman Sachs Group increased their price objective on Phillips 66 from $207.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Piper Sandler restated a “neutral” rating and set a $208.00 price target on shares of Phillips 66 in a report on Thursday, July 23rd. Finally, Weiss Ratings lowered Phillips 66 from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. One 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $201.72.
View Our Latest Research Report on PSX
Institutional Investors Weigh In On Phillips 66
Several institutional investors have recently modified their holdings of the company. Accordant Advisory Group Inc increased its holdings in Phillips 66 by 900.0% in the fourth quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 180 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Phillips 66 in the 4th quarter valued at about $27,000. NFSG Corp raised its position in shares of Phillips 66 by 105.6% during the 1st quarter. NFSG Corp now owns 146 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Axiom Investment Management LLC acquired a new stake in shares of Phillips 66 during the 1st quarter worth about $27,000. Finally, SWAN Capital LLC lifted its stake in Phillips 66 by 1,055.6% during the fourth quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 190 shares during the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.
About Phillips 66
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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