Phillips 66 (NYSE:PSX) EVP Vanessa Allen Sutherland Sells 4,394 Shares

Phillips 66 (NYSE:PSX) EVP Vanessa Allen Sutherland sold 4,394 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $145.00, for a total transaction of $637,130.00. Following the completion of the sale, the executive vice president owned 30,193 shares in the company, valued at approximately $4,377,985. This trade represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Phillips 66 Trading Down 1.4%

Shares of PSX stock opened at $142.24 on Friday. The company has a 50-day moving average of $135.86 and a two-hundred day moving average of $131.23. The firm has a market cap of $57.31 billion, a PE ratio of 38.86, a price-to-earnings-growth ratio of 0.38 and a beta of 0.90. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $145.68. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.23 and a quick ratio of 0.87.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.14 by $0.38. The firm had revenue of $33.69 billion during the quarter, compared to analysts’ expectations of $32.29 billion. Phillips 66 had a net margin of 1.12% and a return on equity of 5.53%. During the same quarter last year, the company posted $2.04 EPS. On average, analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Institutional Trading of Phillips 66

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Evolution Wealth Management Inc. acquired a new stake in shares of Phillips 66 during the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC raised its holdings in Phillips 66 by 62.1% during the second quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 82 shares in the last quarter. Board of the Pension Protection Fund purchased a new stake in shares of Phillips 66 during the 4th quarter worth approximately $26,000. Webster Bank N. A. grew its position in shares of Phillips 66 by 58.8% in the 2nd quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. Finally, Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Phillips 66 during the 2nd quarter worth $32,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PSX shares. Cowen reiterated a “buy” rating on shares of Phillips 66 in a research note on Thursday, October 30th. Jefferies Financial Group upped their target price on shares of Phillips 66 from $133.00 to $137.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Piper Sandler decreased their price target on shares of Phillips 66 from $171.00 to $155.00 and set a “neutral” rating for the company in a research report on Thursday. Zacks Research raised Phillips 66 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 18th. Finally, Morgan Stanley lifted their target price on Phillips 66 from $128.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $146.88.

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.