Vanessa Allen Sutherland Sells 4,394 Shares of Phillips 66 (NYSE:PSX) Stock

Phillips 66 (NYSE:PSX) EVP Vanessa Allen Sutherland sold 4,394 shares of Phillips 66 stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $145.00, for a total transaction of $637,130.00. Following the transaction, the executive vice president directly owned 30,193 shares of the company’s stock, valued at approximately $4,377,985. This trade represents a 12.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Phillips 66 Price Performance

Shares of NYSE PSX opened at $142.24 on Friday. The company has a 50 day simple moving average of $135.86 and a two-hundred day simple moving average of $131.32. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $145.68. The company has a market capitalization of $57.31 billion, a price-to-earnings ratio of 38.86, a P/E/G ratio of 0.38 and a beta of 0.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.87 and a current ratio of 1.23.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Wednesday, October 29th. The oil and gas company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.38. Phillips 66 had a return on equity of 5.53% and a net margin of 1.12%.The firm had revenue of $33.69 billion during the quarter, compared to the consensus estimate of $32.29 billion. During the same period last year, the company earned $2.04 earnings per share. Analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Analysts Set New Price Targets

PSX has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Phillips 66 in a research report on Wednesday, October 8th. Zacks Research raised shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 18th. Wall Street Zen cut shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. BMO Capital Markets boosted their price objective on shares of Phillips 66 from $152.00 to $160.00 in a research report on Tuesday, November 11th. Finally, TD Cowen raised their target price on Phillips 66 from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $146.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Board of the Pension Protection Fund purchased a new stake in shares of Phillips 66 during the 4th quarter valued at about $26,000. Evolution Wealth Management Inc. bought a new stake in Phillips 66 during the second quarter worth approximately $25,000. Wolff Wiese Magana LLC raised its position in Phillips 66 by 62.1% during the second quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 82 shares during the period. Winnow Wealth LLC bought a new stake in shares of Phillips 66 in the 3rd quarter valued at approximately $36,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of Phillips 66 in the 3rd quarter worth approximately $36,000. Institutional investors own 76.93% of the company’s stock.

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.