Phillips 66 (NYSE:PSX) VP Chukwuemeka A. Oyolu sold 2,700 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $100.25, for a total transaction of $270,675.00. Following the transaction, the vice president now directly owns 2,700 shares of the company’s stock, valued at $270,675. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Chukwuemeka A. Oyolu also recently made the following trade(s):

  • On Tuesday, September 19th, Chukwuemeka A. Oyolu sold 1,151 shares of Phillips 66 stock. The stock was sold at an average price of $89.08, for a total transaction of $102,531.08.

Phillips 66 (NYSE:PSX) opened at $100.72 on Thursday. Phillips 66 has a 1-year low of $75.14 and a 1-year high of $100.98. The stock has a market cap of $50,711.18, a PE ratio of 28.57, a P/E/G ratio of 2.55 and a beta of 1.24. The company has a current ratio of 1.31, a quick ratio of 0.86 and a debt-to-equity ratio of 0.40.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, October 27th. The oil and gas company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. Phillips 66 had a net margin of 2.11% and a return on equity of 7.58%. The firm had revenue of $26.21 billion during the quarter, compared to the consensus estimate of $29.94 billion. During the same period last year, the firm posted $1.05 EPS. equities analysts predict that Phillips 66 will post 4.57 earnings per share for the current fiscal year.

Phillips 66 declared that its Board of Directors has initiated a stock repurchase plan on Monday, October 9th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the oil and gas company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, October 17th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.78%. The ex-dividend date was Thursday, November 16th. Phillips 66’s dividend payout ratio is currently 70.18%.

A number of hedge funds have recently made changes to their positions in PSX. FMR LLC raised its stake in shares of Phillips 66 by 37.1% in the second quarter. FMR LLC now owns 7,520,743 shares of the oil and gas company’s stock worth $621,890,000 after acquiring an additional 2,036,258 shares during the last quarter. Vaughan David Investments Inc. IL raised its stake in shares of Phillips 66 by 5,820.5% in the third quarter. Vaughan David Investments Inc. IL now owns 468,782 shares of the oil and gas company’s stock worth $21,395,000 after acquiring an additional 460,864 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Phillips 66 by 6.6% in the third quarter. Bank of New York Mellon Corp now owns 6,838,096 shares of the oil and gas company’s stock worth $626,438,000 after acquiring an additional 422,652 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of Phillips 66 by 75.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 820,620 shares of the oil and gas company’s stock worth $67,857,000 after acquiring an additional 354,175 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Phillips 66 by 29.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,459,200 shares of the oil and gas company’s stock worth $120,661,000 after acquiring an additional 334,915 shares during the last quarter. 70.13% of the stock is owned by hedge funds and other institutional investors.

PSX has been the subject of a number of analyst reports. Cowen reaffirmed a “buy” rating and set a $101.00 price objective on shares of Phillips 66 in a report on Tuesday, October 17th. Vetr raised shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 price objective for the company in a report on Monday, October 16th. Zacks Investment Research raised shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Tuesday, October 10th. Goldman Sachs Group raised shares of Phillips 66 from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $88.00 to $109.00 in a report on Tuesday, October 3rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $98.00 price objective on shares of Phillips 66 in a report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Phillips 66 presently has a consensus rating of “Hold” and a consensus price target of $94.14.

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About Phillips 66

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.

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