Robert A. Herman Sells 47,433 Shares of Phillips 66 (NYSE:PSX) Stock
Phillips 66 (NYSE:PSX) EVP Robert A. Herman sold 47,433 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $103.17, for a total value of $4,893,662.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NYSE:PSX traded up $1.26 during trading hours on Monday, hitting $104.03. 3,116,937 shares of the stock traded hands, compared to its average volume of 2,630,376. The firm has a 50 day moving average price of $99.48 and a 200 day moving average price of $94.61. The company has a current ratio of 1.28, a quick ratio of 0.82 and a debt-to-equity ratio of 0.39. Phillips 66 has a fifty-two week low of $78.44 and a fifty-two week high of $119.14. The firm has a market cap of $45.84 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 2.07 and a beta of 1.08.
Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, July 26th. The oil and gas company reported $3.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.32. Phillips 66 had a net margin of 4.76% and a return on equity of 19.75%. The company had revenue of $28.52 billion for the quarter, compared to the consensus estimate of $29.89 billion. During the same period in the previous year, the business earned $2.80 EPS. Research analysts predict that Phillips 66 will post 7.55 EPS for the current year.
Several research firms have issued reports on PSX. Citigroup raised Phillips 66 from a “neutral” rating to a “buy” rating in a report on Friday, June 21st. ValuEngine cut Phillips 66 from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Raymond James upped their price target on Phillips 66 from $110.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Cowen upped their price target on Phillips 66 from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, Macquarie began coverage on Phillips 66 in a report on Thursday, September 5th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $115.55.
A number of large investors have recently made changes to their positions in PSX. First Merchants Corp grew its holdings in shares of Phillips 66 by 13.5% during the 2nd quarter. First Merchants Corp now owns 17,797 shares of the oil and gas company’s stock valued at $1,665,000 after acquiring an additional 2,117 shares in the last quarter. Mitchell Capital Management Co. grew its holdings in shares of Phillips 66 by 23.4% during the 2nd quarter. Mitchell Capital Management Co. now owns 17,944 shares of the oil and gas company’s stock valued at $1,678,000 after acquiring an additional 3,405 shares in the last quarter. Copeland Capital Management LLC boosted its holdings in Phillips 66 by 44.1% in the second quarter. Copeland Capital Management LLC now owns 45,198 shares of the oil and gas company’s stock worth $4,227,000 after purchasing an additional 13,840 shares in the last quarter. Baxter Bros Inc. boosted its holdings in Phillips 66 by 8.7% in the second quarter. Baxter Bros Inc. now owns 13,334 shares of the oil and gas company’s stock worth $1,247,000 after purchasing an additional 1,070 shares in the last quarter. Finally, Rothschild Investment Corp IL boosted its holdings in Phillips 66 by 3.6% in the second quarter. Rothschild Investment Corp IL now owns 29,163 shares of the oil and gas company’s stock worth $2,728,000 after purchasing an additional 1,025 shares in the last quarter. 68.71% of the stock is currently owned by institutional investors.
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; provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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