John E. Lowe Purchases 1,500 Shares of Phillips 66 (NYSE:PSX) Stock

Phillips 66 (NYSE:PSX) Director John E. Lowe acquired 1,500 shares of Phillips 66 stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average price of $68.43 per share, for a total transaction of $102,645.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

John E. Lowe also recently made the following trade(s):

  • On Wednesday, June 24th, John E. Lowe acquired 1,000 shares of Phillips 66 stock. The stock was bought at an average price of $70.16 per share, for a total transaction of $70,160.00.

Shares of Phillips 66 stock opened at $71.90 on Wednesday. The firm has a market cap of $29.98 billion, a price-to-earnings ratio of 105.74, a price-to-earnings-growth ratio of 5.05 and a beta of 1.60. Phillips 66 has a 52-week low of $40.04 and a 52-week high of $119.92. The company’s 50-day simple moving average is $76.67 and its 200-day simple moving average is $80.40. The company has a quick ratio of 0.61, a current ratio of 1.11 and a debt-to-equity ratio of 0.45.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, May 1st. The oil and gas company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.39. The firm had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $22.04 billion. Phillips 66 had a net margin of 0.35% and a return on equity of 14.90%. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Equities research analysts anticipate that Phillips 66 will post 2.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend was Friday, May 15th. Phillips 66’s dividend payout ratio is currently 44.72%.

A number of hedge funds have recently added to or reduced their stakes in PSX. BlackRock Inc. lifted its holdings in shares of Phillips 66 by 3.9% in the first quarter. BlackRock Inc. now owns 31,599,517 shares of the oil and gas company’s stock valued at $1,695,316,000 after purchasing an additional 1,188,569 shares in the last quarter. State Street Corp lifted its holdings in shares of Phillips 66 by 7.7% in the first quarter. State Street Corp now owns 24,392,064 shares of the oil and gas company’s stock valued at $1,308,634,000 after purchasing an additional 1,749,706 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Phillips 66 by 2.3% in the first quarter. Wells Fargo & Company MN now owns 11,348,968 shares of the oil and gas company’s stock valued at $608,871,000 after purchasing an additional 255,212 shares in the last quarter. Aristotle Capital Management LLC lifted its holdings in shares of Phillips 66 by 2.7% in the first quarter. Aristotle Capital Management LLC now owns 7,034,616 shares of the oil and gas company’s stock valued at $377,407,000 after purchasing an additional 183,173 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Phillips 66 by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 6,445,823 shares of the oil and gas company’s stock valued at $716,569,000 after purchasing an additional 232,813 shares in the last quarter. 66.88% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. Barclays reiterated a “buy” rating and set a $94.00 price target on shares of Phillips 66 in a research note on Wednesday, April 8th. Wells Fargo & Co cut their price target on shares of Phillips 66 from $130.00 to $78.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Bank of America upgraded shares of Phillips 66 from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Monday, April 20th. Zacks Investment Research upgraded shares of Phillips 66 from a “strong sell” rating to a “hold” rating and set a $67.00 price target on the stock in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. boosted their price objective on Phillips 66 from $77.00 to $98.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 27th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Phillips 66 has a consensus rating of “Buy” and a consensus target price of $91.81.

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market; provides terminaling and storage services for crude oil and 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.

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