Phillips 66 (NYSE:PSX – Get Free Report) EVP Vanessa Allen Sutherland sold 3,523 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $211.05, for a total value of $743,529.15. Following the sale, the executive vice president directly owned 27,537 shares in the company, valued at $5,811,683.85. This represents a 11.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Vanessa Allen Sutherland also recently made the following trade(s):
- On Monday, July 20th, Vanessa Allen Sutherland sold 563 shares of Phillips 66 stock. The shares were sold at an average price of $211.01, for a total value of $118,798.63.
Phillips 66 Stock Performance
NYSE:PSX opened at $210.47 on Friday. The company has a market cap of $84.39 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 0.16 and a beta of 0.69. Phillips 66 has a fifty-two week low of $118.07 and a fifty-two week high of $216.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.13. The stock has a fifty day moving average price of $184.84 and a 200-day moving average price of $170.38.
Phillips 66 Announces Dividend
The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, August 18th. Phillips 66’s dividend payout ratio is presently 50.05%.
Institutional Trading of Phillips 66
Hedge funds have recently added to or reduced their stakes in the stock. NFSG Corp lifted its stake in shares of Phillips 66 by 105.6% in the 1st quarter. NFSG Corp now owns 146 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Axiom Investment Management LLC acquired a new position in Phillips 66 in the 1st quarter worth about $27,000. Accordant Advisory Group Inc increased its holdings in Phillips 66 by 900.0% in the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 180 shares in the last quarter. SWAN Capital LLC raised its position in Phillips 66 by 1,055.6% in the fourth quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 190 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in Phillips 66 in the fourth quarter valued at about $27,000. Institutional investors and hedge funds own 76.93% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on PSX. TD Cowen upped their price target on shares of Phillips 66 from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. The Goldman Sachs Group lifted their price objective on shares of Phillips 66 from $207.00 to $235.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. UBS Group upped their target price on Phillips 66 from $212.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday. Piper Sandler reaffirmed a “neutral” rating and issued a $208.00 target price on shares of Phillips 66 in a report on Thursday, July 23rd. Finally, Mizuho upgraded Phillips 66 from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $170.00 to $212.00 in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and an average target price of $201.72.
Read Our Latest Stock Analysis on Phillips 66
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.
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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