Phillips 66 (NYSE:PSX – Get Free Report) CFO Kevin Mitchell sold 600 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $171.56, for a total transaction of $102,936.00. Following the sale, the chief financial officer owned 97,376 shares in the company, valued at approximately $16,705,826.56. The trade was a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Phillips 66 Stock Up 0.1%
NYSE PSX traded up $0.25 on Tuesday, reaching $175.61. The company had a trading volume of 3,255,431 shares, compared to its average volume of 2,994,702. The company’s fifty day moving average is $169.65 and its 200-day moving average is $150.82. The firm has a market capitalization of $70.41 billion, a price-to-earnings ratio of 17.30, a price-to-earnings-growth ratio of 0.26 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.13. Phillips 66 has a 1-year low of $109.75 and a 1-year high of $190.61.
Phillips 66 (NYSE:PSX – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.03. The company had revenue of $32.54 billion for the quarter, compared to analyst estimates of $35.86 billion. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.90) earnings per share. On average, research analysts forecast that Phillips 66 will post 17.39 earnings per share for the current fiscal year.
Phillips 66 Announces Dividend
Institutional Investors Weigh In On Phillips 66
A number of institutional investors and hedge funds have recently modified their holdings of PSX. Saturna Capital Corp lifted its stake in Phillips 66 by 48.2% in the 1st quarter. Saturna Capital Corp now owns 8,334 shares of the oil and gas company’s stock valued at $1,518,000 after purchasing an additional 2,710 shares during the last quarter. Millennium Capital Advisors LLC acquired a new position in Phillips 66 during the first quarter worth approximately $203,000. ABN Amro Investment Solutions increased its position in Phillips 66 by 15.1% during the first quarter. ABN Amro Investment Solutions now owns 24,041 shares of the oil and gas company’s stock worth $4,380,000 after buying an additional 3,147 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Phillips 66 by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 754,343 shares of the oil and gas company’s stock valued at $137,426,000 after buying an additional 2,414 shares during the period. Finally, Oslo Pensjonsforsikring AS bought a new stake in Phillips 66 in the first quarter valued at approximately $526,000. 76.93% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. Tudor Pickering upgraded shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. The Goldman Sachs Group lifted their price target on shares of Phillips 66 from $186.00 to $192.00 and gave the company a “neutral” rating in a research note on Friday, April 10th. Weiss Ratings cut shares of Phillips 66 from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Phillips 66 from $188.00 to $202.00 in a research note on Thursday, April 30th. Finally, Barclays raised their price objective on Phillips 66 from $158.00 to $177.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $184.50.
Get Our Latest Research Report on PSX
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.
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