Traders sold shares of Phillips 66 (NYSE:PSX) on strength during trading on Thursday after an insider sold shares in the company. $25.68 million flowed into the stock on the tick-up and $55.10 million flowed out of the stock on the tick-down, for a money net flow of $29.42 million out of the stock. Of all stocks tracked, Phillips 66 had the 0th highest net out-flow for the day. Phillips 66 traded up $0.07 for the day and closed at $89.14Specifically, VP Chukwuemeka A. Oyolu sold 1,151 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $89.08, for a total transaction of $102,531.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by company insiders.

A number of equities analysts have commented on the company. Barclays PLC restated an “equal weight” rating and set a $89.00 price objective (up previously from $87.00) on shares of Phillips 66 in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $78.00 target price on shares of Phillips 66 in a report on Tuesday, September 5th. Scotiabank reaffirmed a “hold” rating on shares of Phillips 66 in a report on Friday, September 8th. TheStreet raised Phillips 66 from a “c” rating to a “b-” rating in a report on Friday, June 30th. Finally, Zacks Investment Research downgraded Phillips 66 from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Phillips 66 currently has an average rating of “Hold” and a consensus target price of $83.93.

The firm’s 50 day moving average is $84.43 and its 200-day moving average is $80.63. The stock has a market cap of $45.98 billion, a P/E ratio of 26.90 and a beta of 1.20.

Phillips 66 (NYSE:PSX) last released its earnings results on Tuesday, August 1st. The oil and gas company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.07. The business had revenue of $24.58 billion for the quarter, compared to analysts’ expectations of $25.14 billion. Phillips 66 had a return on equity of 6.29% and a net margin of 1.87%. During the same quarter in the prior year, the firm earned $0.94 earnings per share. On average, analysts forecast that Phillips 66 will post $4.26 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 18th were paid a $0.70 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $2.80 dividend on an annualized basis and a yield of 3.11%. Phillips 66’s dividend payout ratio is presently 83.58%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSX. BlackRock Inc. increased its stake in Phillips 66 by 2,329.3% in the first quarter. BlackRock Inc. now owns 27,821,897 shares of the oil and gas company’s stock valued at $2,204,052,000 after acquiring an additional 26,676,647 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Phillips 66 by 599.8% in the first quarter. OppenheimerFunds Inc. now owns 4,600,748 shares of the oil and gas company’s stock valued at $364,472,000 after acquiring an additional 3,943,299 shares during the last quarter. FMR LLC increased its stake in 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 valued at $621,890,000 after acquiring an additional 2,036,258 shares during the last quarter. Clearbridge Investments LLC increased its stake in Phillips 66 by 4,771.9% in the first quarter. Clearbridge Investments LLC now owns 1,426,192 shares of the oil and gas company’s stock valued at $112,983,000 after acquiring an additional 1,396,918 shares during the last quarter. Finally, New England Asset Management Inc. bought a new position in Phillips 66 in the first quarter valued at $104,095,000. 69.53% of the stock is currently owned by institutional investors and hedge funds.

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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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