Phillips 66 (NYSE:PSX) insider Robert A. Herman sold 78,327 shares of the company’s stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $82.94, for a total transaction of $6,496,441.38. Following the completion of the sale, the insider now directly owns 11,471 shares of the company’s stock, valued at $951,404.74. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Phillips 66 (NYSE:PSX) opened at 83.08 on Thursday. The stock has a market cap of $43.27 billion, a PE ratio of 21.75 and a beta of 1.35. Phillips 66 has a 52-week low of $71.74 and a 52-week high of $93.00. The stock’s 50 day moving average is $81.36 and its 200 day moving average is $79.18.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, October 28th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. Phillips 66 had a net margin of 2.43% and a return on equity of 8.86%. During the same period last year, the firm earned $3.02 earnings per share. Equities research analysts forecast that Phillips 66 will post $3.42 earnings per share for the current year.

Insider Buying and Selling by Quarter for Phillips 66 (NYSE:PSX)

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 17th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $2.52 annualized dividend and a yield of 3.03%. Phillips 66’s dividend payout ratio (DPR) is 66.14%.

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A number of brokerages have issued reports on PSX. Barclays PLC reaffirmed an “equal weight” rating and issued a $84.00 price objective (down from $86.00) on shares of Phillips 66 in a research report on Monday, October 10th. Vetr raised shares of Phillips 66 from a “buy” rating to a “strong-buy” rating and set a $94.28 price objective for the company in a research report on Tuesday, September 27th. Zacks Investment Research raised shares of Phillips 66 from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 28th. TheStreet raised shares of Phillips 66 from a “hold” rating to a “buy” rating in a research report on Monday, August 29th. Finally, Jefferies Group set a $72.00 price objective on shares of Phillips 66 and gave the stock a “hold” rating in a research report on Saturday, October 15th. Fourteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Phillips 66 has an average rating of “Hold” and a consensus price target of $86.12.

A number of hedge funds have recently made changes to their positions in PSX. Cognios Capital LLC raised its stake in shares of Phillips 66 by 0.3% in the second quarter. Cognios Capital LLC now owns 2,754 shares of the company’s stock valued at $218,000 after buying an additional 9 shares during the period. Benedict Financial Advisors Inc. raised its stake in shares of Phillips 66 by 0.4% in the second quarter. Benedict Financial Advisors Inc. now owns 2,685 shares of the company’s stock valued at $214,000 after buying an additional 12 shares during the period. Beese Fulmer Investment Management Inc. raised its stake in shares of Phillips 66 by 0.3% in the second quarter. Beese Fulmer Investment Management Inc. now owns 3,806 shares of the company’s stock valued at $302,000 after buying an additional 13 shares during the period. Alpha Windward LLC raised its stake in shares of Phillips 66 by 0.6% in the second quarter. Alpha Windward LLC now owns 3,069 shares of the company’s stock valued at $243,000 after buying an additional 18 shares during the period. Finally, Delphi Private Advisors LLC raised its stake in shares of Phillips 66 by 1.0% in the second quarter. Delphi Private Advisors LLC now owns 1,781 shares of the company’s stock valued at $141,000 after buying an additional 18 shares during the period. Institutional investors own 68.27% of the company’s stock.

Phillips 66 Company Profile

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing, and specialties businesses. The Company operates its business through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment includes its equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP.

5 Day Chart for NYSE:PSX

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