Phillips 66 (NYSE:PSX) VP Chukwuemeka A. Oyolu sold 2,700 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $100.25, for a total value of $270,675.00. Following the transaction, the vice president now directly owns 2,700 shares in the company, valued at $270,675. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Chukwuemeka A. Oyolu also recently made the following trade(s):
- On Tuesday, September 19th, Chukwuemeka A. Oyolu sold 1,151 shares of Phillips 66 stock. The shares were sold at an average price of $89.08, for a total value of $102,531.08.
Shares of Phillips 66 (NYSE:PSX) traded up $0.29 on Thursday, reaching $102.37. The company’s stock had a trading volume of 1,360,000 shares, compared to its average volume of 1,690,000. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.86 and a current ratio of 1.31. Phillips 66 has a fifty-two week low of $75.14 and a fifty-two week high of $102.80. The stock has a market capitalization of $51,880.00, a PE ratio of 25.79, a price-to-earnings-growth ratio of 1.62 and a beta of 1.24.
Phillips 66 (NYSE:PSX) last released its earnings results on Friday, October 27th. The oil and gas company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. Phillips 66 had a return on equity of 7.58% and a net margin of 2.11%. The firm had revenue of $26.21 billion during the quarter, compared to analysts’ expectations of $29.94 billion. During the same quarter last year, the business posted $1.05 earnings per share. equities research analysts forecast that Phillips 66 will post 4.5 EPS for the current year.
Phillips 66 announced that its board has initiated a stock repurchase program on Monday, October 9th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the oil and gas company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
PSX has been the topic of a number of research analyst reports. UBS Group upped their price target on Phillips 66 from $85.00 to $92.00 and gave the company a “neutral” rating in a report on Wednesday, November 15th. Vetr downgraded Phillips 66 from a “buy” rating to a “hold” rating and set a $97.16 target price on the stock. in a report on Thursday, November 2nd. Goldman Sachs Group raised Phillips 66 to a “buy” rating in a report on Monday, December 18th. Jefferies Group downgraded Phillips 66 from a “hold” rating to an “underperform” rating and lowered their target price for the company from $95.00 to $75.14 in a report on Monday, October 16th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $91.00 target price (up previously from $84.00) on shares of Phillips 66 in a report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $96.66.
Several large investors have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in Phillips 66 by 37.1% during the 2nd quarter. FMR LLC now owns 7,520,743 shares of the oil and gas company’s stock valued at $621,890,000 after buying an additional 2,036,258 shares in the last quarter. Vaughan David Investments Inc. IL grew its holdings in Phillips 66 by 5,820.5% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 468,782 shares of the oil and gas company’s stock valued at $21,395,000 after buying an additional 460,864 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Phillips 66 by 6.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,838,096 shares of the oil and gas company’s stock valued at $626,438,000 after buying an additional 422,652 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in Phillips 66 by 75.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 820,620 shares of the oil and gas company’s stock valued at $67,857,000 after buying an additional 354,175 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in Phillips 66 by 29.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,459,200 shares of the oil and gas company’s stock valued at $120,661,000 after buying an additional 334,915 shares in the last quarter. Hedge funds and other institutional investors own 70.12% of the company’s stock.
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Phillips 66 Company Profile
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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