Phillips 66 (NYSE:PSX) Director Buys $49,980.15 in Stock

Phillips 66 (NYSE:PSX) Director Robert W. Pease acquired 439 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price of $113.85 per share, with a total value of $49,980.15. Following the acquisition, the director now owns 4,091 shares of the company’s stock, valued at approximately $465,760.35. This trade represents a 12.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Phillips 66 Stock Performance

Shares of Phillips 66 stock opened at $112.73 on Thursday. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $150.12. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The stock has a market cap of $45.93 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 4.84 and a beta of 1.01. The business has a fifty day simple moving average of $109.74 and a 200-day simple moving average of $118.78.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.97). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. The business had revenue of $31.92 billion for the quarter, compared to analyst estimates of $31.93 billion. During the same quarter in the previous year, the business posted $1.90 earnings per share. On average, sell-side analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a dividend of $1.20 per share. This is a boost from Phillips 66’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Monday, May 19th. Phillips 66’s dividend payout ratio (DPR) is currently 109.34%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PSX shares. Wells Fargo & Company lowered their target price on Phillips 66 from $162.00 to $149.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Mizuho raised their price objective on shares of Phillips 66 from $132.00 to $138.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th. Morgan Stanley dropped their target price on shares of Phillips 66 from $140.00 to $122.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. UBS Group cut their target price on shares of Phillips 66 from $144.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Finally, Barclays lifted their price target on shares of Phillips 66 from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.86.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC grew its holdings in shares of Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 120 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in Phillips 66 in the fourth quarter valued at about $25,000. Pacific Center for Financial Services acquired a new position in Phillips 66 in the 4th quarter worth about $27,000. von Borstel & Associates Inc. purchased a new stake in shares of Phillips 66 during the 1st quarter worth about $27,000. Finally, Stephens Consulting LLC lifted its holdings in shares of Phillips 66 by 83.5% during the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 111 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

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.