Phillips 66 (NYSE:PSX) VP Chukwuemeka A. Oyolu sold 6,900 shares of the business’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $120.00, for a total value of $828,000.00. Following the completion of the transaction, the vice president now owns 8,177 shares in the company, valued at approximately $981,240. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
NYSE PSX opened at $120.33 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.80 and a current ratio of 1.31. Phillips 66 has a 12-month low of $75.85 and a 12-month high of $122.38. The company has a market cap of $56.77 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 2.02 and a beta of 1.07.
Phillips 66 (NYSE:PSX) last released its earnings results on Friday, April 27th. The oil and gas company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.13. Phillips 66 had a return on equity of 10.00% and a net margin of 4.85%. The company had revenue of $24.05 billion for the quarter, compared to analysts’ expectations of $29.23 billion. During the same quarter in the previous year, the firm posted $0.56 EPS. equities research analysts forecast that Phillips 66 will post 7.11 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 21st will be given a dividend of $0.80 per share. This is a boost from Phillips 66’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, May 18th. This represents a $3.20 annualized dividend and a yield of 2.66%. Phillips 66’s payout ratio is presently 63.93%.
Several brokerages recently issued reports on PSX. Royal Bank of Canada restated a “hold” rating and issued a $106.00 price target on shares of Phillips 66 in a research report on Tuesday, January 30th. Barclays boosted their price target on Phillips 66 from $105.00 to $115.00 and gave the company an “underweight” rating in a research report on Monday, April 30th. Argus boosted their price target on Phillips 66 to $133.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase boosted their price target on Phillips 66 from $108.00 to $109.00 and gave the company a “neutral” rating in a research report on Monday, April 9th. Finally, Citigroup boosted their price target on Phillips 66 from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. Phillips 66 currently has a consensus rating of “Hold” and a consensus target price of $106.19.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its position in Phillips 66 by 0.4% during the 4th quarter. BlackRock Inc. now owns 27,591,121 shares of the oil and gas company’s stock worth $2,790,841,000 after purchasing an additional 119,373 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Phillips 66 by 1.6% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,617,647 shares of the oil and gas company’s stock worth $1,402,124,000 after acquiring an additional 230,582 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Phillips 66 by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 7,098,574 shares of the oil and gas company’s stock worth $718,021,000 after acquiring an additional 260,478 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Phillips 66 by 3.2% during the 1st quarter. Northern Trust Corp now owns 5,284,878 shares of the oil and gas company’s stock worth $506,926,000 after acquiring an additional 164,143 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Phillips 66 by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 4,266,192 shares of the oil and gas company’s stock worth $430,564,000 after acquiring an additional 114,191 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.
Phillips 66 Company Profile
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks, delivers refined products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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