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 stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $145.00, for a total transaction of $637,130.00. Following 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Phillips 66 Stock Performance

PSX stock traded down $1.98 during midday trading on Friday, reaching $142.24. The company had a trading volume of 2,710,153 shares, compared to its average volume of 3,238,036. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.68. The stock has a 50 day moving average price of $135.74 and a 200 day moving average price of $131.09. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $145.68. The firm has a market capitalization of $57.31 billion, a PE ratio of 38.86, a P/E/G ratio of 0.37 and a beta of 0.90.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results 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. Phillips 66 had a return on equity of 5.53% and a net margin of 1.12%.The business had revenue of $33.69 billion for the quarter, compared to analysts’ expectations of $32.29 billion. During the same period in the prior year, the firm earned $2.04 EPS. Analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on PSX. Zacks Research upgraded shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Phillips 66 in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price target on shares of Phillips 66 from $154.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. Piper Sandler reduced their price objective on Phillips 66 from $171.00 to $155.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Mizuho increased their price objective on Phillips 66 from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $146.88.

Institutional Trading of Phillips 66

A number of institutional investors have recently made changes to their positions in PSX. L2 Asset Management LLC lifted its holdings in shares of Phillips 66 by 4.0% during the third quarter. L2 Asset Management LLC now owns 1,893 shares of the oil and gas company’s stock valued at $257,000 after purchasing an additional 72 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in Phillips 66 by 0.5% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 15,658 shares of the oil and gas company’s stock worth $2,130,000 after buying an additional 73 shares during the period. KCM Investment Advisors LLC lifted its stake in Phillips 66 by 1.6% during the third quarter. KCM Investment Advisors LLC now owns 4,636 shares of the oil and gas company’s stock valued at $631,000 after buying an additional 74 shares in the last quarter. Heck Capital Advisors LLC boosted its holdings in shares of Phillips 66 by 1.2% in the third quarter. Heck Capital Advisors LLC now owns 6,124 shares of the oil and gas company’s stock worth $833,000 after buying an additional 75 shares during the period. Finally, Portside Wealth Group LLC boosted its holdings in shares of Phillips 66 by 3.8% in the third quarter. Portside Wealth Group LLC now owns 2,033 shares of the oil and gas company’s stock worth $277,000 after buying an additional 75 shares during the period. 76.93% of the stock is owned by institutional investors and hedge funds.

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.