Phillips 66 $PSX Shares Sold by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. lowered its position in shares of Phillips 66 (NYSE:PSX) by 1.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 16,203 shares of the oil and gas company’s stock after selling 200 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Phillips 66 were worth $1,933,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PSX. Pacific Center for Financial Services acquired a new stake in Phillips 66 during the 4th quarter worth about $27,000. von Borstel & Associates Inc. acquired a new stake in Phillips 66 during the 1st quarter worth about $27,000. Olde Wealth Management LLC acquired a new position in shares of Phillips 66 in the 1st quarter valued at about $28,000. Wood Tarver Financial Group LLC acquired a new position in shares of Phillips 66 in the 4th quarter valued at about $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Phillips 66 in the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, EVP Vanessa Allen Sutherland sold 4,393 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $130.00, for a total transaction of $571,090.00. Following the completion of the transaction, the executive vice president owned 43,373 shares of the company’s stock, valued at $5,638,490. This represents a 9.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brian Mandell sold 9,800 shares of the stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $125.00, for a total value of $1,225,000.00. Following the transaction, the executive vice president directly owned 56,838 shares of the company’s stock, valued at $7,104,750. The trade was a 14.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 9,850 shares of company stock valued at $1,188,910 and have sold 18,586 shares valued at $2,389,145. 0.22% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PSX shares. Cantor Fitzgerald started coverage on Phillips 66 in a report on Wednesday, June 18th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. set a $115.00 price objective on Phillips 66 in a report on Wednesday, June 18th. Argus raised Phillips 66 to a “strong-buy” rating in a report on Thursday, July 31st. Wall Street Zen raised Phillips 66 from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Tudor Pickering cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.40.

Phillips 66 Stock Performance

NYSE PSX opened at $130.77 on Friday. The stock has a market capitalization of $52.85 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 2.06 and a beta of 1.15. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $140.60. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $126.95 and a 200 day moving average of $119.59.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, July 25th. The oil and gas company reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.59. The company had revenue of $33.77 billion during the quarter, compared to analysts’ expectations of $32.11 billion. Phillips 66 had a return on equity of 4.87% and a net margin of 1.27%.During the same quarter in the prior year, the firm posted $2.31 EPS. Sell-side analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.7%. Phillips 66’s dividend payout ratio is presently 115.38%.

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.