Phillips 66 $PSX Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in shares of Phillips 66 (NYSE:PSX) by 3.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 93,722 shares of the oil and gas company’s stock after selling 3,323 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Phillips 66 were worth $12,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Phillips 66 by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 51,930,038 shares of the oil and gas company’s stock valued at $6,701,052,000 after buying an additional 205,480 shares in the last quarter. Geode Capital Management LLC raised its stake in Phillips 66 by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 10,413,824 shares of the oil and gas company’s stock valued at $1,338,596,000 after buying an additional 45,340 shares in the last quarter. Norges Bank acquired a new stake in Phillips 66 during the fourth quarter valued at approximately $640,206,000. M&T Bank Corp raised its stake in Phillips 66 by 462.9% during the fourth quarter. M&T Bank Corp now owns 2,727,888 shares of the oil and gas company’s stock valued at $352,007,000 after buying an additional 2,243,268 shares in the last quarter. Finally, Amundi raised its stake in Phillips 66 by 2.8% during the third quarter. Amundi now owns 2,400,180 shares of the oil and gas company’s stock valued at $319,123,000 after buying an additional 65,568 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Up 2.4%

PSX opened at $180.06 on Tuesday. Phillips 66 has a 12 month low of $111.19 and a 12 month high of $190.61. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a market cap of $72.19 billion, a P/E ratio of 17.74, a P/E/G ratio of 0.26 and a beta of 0.68. The stock’s 50 day moving average price is $172.41 and its 200 day moving average price is $155.05.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.03. The firm had revenue of $32.54 billion during the quarter, compared to analyst estimates of $35.86 billion. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted ($0.90) EPS. As a group, research analysts predict that Phillips 66 will post 17.64 earnings per share for the current year.

Phillips 66 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, May 18th. Phillips 66’s dividend payout ratio (DPR) is presently 50.05%.

Insider Transactions at Phillips 66

In other Phillips 66 news, Director Lisa Ann Davis sold 3,800 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $174.37, for a total transaction of $662,606.00. Following the completion of the transaction, the director directly owned 8,701 shares of the company’s stock, valued at approximately $1,517,193.37. This trade represents a 30.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin J. Mitchell sold 29,400 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $170.00, for a total value of $4,998,000.00. Following the transaction, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at approximately $16,553,920. The trade was a 23.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 114,029 shares of company stock valued at $19,641,455. Company insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wall Street Zen cut Phillips 66 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. UBS Group upped their price objective on Phillips 66 from $172.00 to $212.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Argus upped their price objective on Phillips 66 from $185.00 to $197.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Morgan Stanley restated an “overweight” rating and set a $180.00 price objective on shares of Phillips 66 in a research note on Thursday, April 30th. Finally, Barclays increased their price target on Phillips 66 from $158.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $191.28.

About Phillips 66

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.