Insider Selling: Phillips 66 (NYSE:PSX) EVP Sells $637,130.00 in Stock

Phillips 66 (NYSE:PSX) EVP Vanessa Allen Sutherland sold 4,394 shares of the firm’s 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 owned 30,193 shares of the company’s stock, valued at $4,377,985. This trade represents a 12.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Phillips 66 Price Performance

Shares of PSX stock traded down $1.98 during trading hours on Friday, hitting $142.24. The company’s stock had a trading volume of 2,710,153 shares, compared to its average volume of 3,238,036. The business has a fifty day moving average of $135.74 and a 200-day moving average of $131.09. The stock has a market cap of $57.31 billion, a price-to-earnings ratio of 38.86, a P/E/G ratio of 0.37 and a beta of 0.90. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $145.68. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $2.52 earnings per share (EPS) for the quarter, topping 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 in the previous year, the firm posted $2.04 EPS. As a group, equities research analysts anticipate that Phillips 66 will post 6.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Jefferies Financial Group lifted their price objective on Phillips 66 from $133.00 to $137.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Cowen reiterated a “buy” rating on shares of Phillips 66 in a report on Thursday, October 30th. Morgan Stanley boosted their price objective on shares of Phillips 66 from $128.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, October 3rd. Wolfe Research raised their target price on shares of Phillips 66 from $158.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Finally, TD Cowen lifted their target price on shares of Phillips 66 from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Two 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.88.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Phillips 66 by 14.8% during the 2nd quarter. Vanguard Group Inc. now owns 46,368,000 shares of the oil and gas company’s stock worth $5,531,702,000 after purchasing an additional 5,978,841 shares during the period. Norges Bank acquired a new stake in shares of Phillips 66 during the 2nd quarter valued at approximately $523,755,000. Elliott Investment Management L.P. boosted its holdings in Phillips 66 by 22.4% in the second quarter. Elliott Investment Management L.P. now owns 19,251,000 shares of the oil and gas company’s stock worth $2,296,644,000 after purchasing an additional 3,526,000 shares during the period. Geode Capital Management LLC boosted its holdings in Phillips 66 by 17.4% in the second quarter. Geode Capital Management LLC now owns 10,327,304 shares of the oil and gas company’s stock worth $1,226,815,000 after purchasing an additional 1,532,967 shares during the period. Finally, AQR Capital Management LLC increased its stake in Phillips 66 by 424.7% during the third quarter. AQR Capital Management LLC now owns 1,893,195 shares of the oil and gas company’s stock valued at $257,512,000 after purchasing an additional 1,532,389 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

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.