Phillips 66 (NYSE:PSX) Shares Sold by Town & Country Bank & Trust CO dba First Bankers Trust CO

Town & Country Bank & Trust CO dba First Bankers Trust CO cut its stake in Phillips 66 (NYSE:PSX) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,644 shares of the oil and gas company’s stock after selling 100 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Phillips 66 were worth $252,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Argent Trust Co increased its position in shares of Phillips 66 by 1.6% in the fourth quarter. Argent Trust Co now owns 6,409 shares of the oil and gas company’s stock valued at $667,000 after buying an additional 100 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of Phillips 66 by 16.8% in the first quarter. Creative Financial Designs Inc. ADV now owns 702 shares of the oil and gas company’s stock valued at $71,000 after buying an additional 101 shares in the last quarter. Whitener Capital Management Inc. increased its position in shares of Phillips 66 by 2.1% in the fourth quarter. Whitener Capital Management Inc. now owns 5,026 shares of the oil and gas company’s stock valued at $523,000 after buying an additional 103 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Phillips 66 by 5.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,096 shares of the oil and gas company’s stock valued at $212,000 after buying an additional 106 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its position in shares of Phillips 66 by 3.3% in the first quarter. Joel Isaacson & Co. LLC now owns 3,509 shares of the oil and gas company’s stock valued at $356,000 after buying an additional 113 shares in the last quarter. 71.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on PSX shares. Bank of America cut Phillips 66 from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $132.00 to $141.00 in a research report on Tuesday, August 15th. Wells Fargo & Company boosted their price target on Phillips 66 from $130.00 to $144.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. Piper Sandler boosted their price target on Phillips 66 from $130.00 to $136.00 in a research report on Friday, August 4th. StockNews.com started coverage on Phillips 66 in a research report on Thursday, August 17th. They set a “hold” rating for the company. Finally, TD Cowen upgraded Phillips 66 from a “market perform” rating to an “outperform” rating and upped their target price for the company from $110.00 to $123.00 in a report on Thursday, June 1st. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and an average price target of $129.47.

Phillips 66 Trading Down 1.6 %

Shares of Phillips 66 stock traded down $1.94 during trading hours on Friday, hitting $121.03. The company’s stock had a trading volume of 9,312,919 shares, compared to its average volume of 2,609,940. Phillips 66 has a twelve month low of $74.02 and a twelve month high of $125.19. The firm has a fifty day moving average of $111.93 and a 200-day moving average of $102.61. The stock has a market cap of $53.89 billion, a price-to-earnings ratio of 5.25, a P/E/G ratio of 0.42 and a beta of 1.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.90 and a current ratio of 1.33.

Phillips 66 (NYSE:PSX) last posted its earnings results on Wednesday, August 2nd. The oil and gas company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.54 by $0.33. Phillips 66 had a return on equity of 26.25% and a net margin of 6.81%. The firm had revenue of $35.74 billion for the quarter, compared to analyst estimates of $32.13 billion. During the same quarter in the prior year, the company earned $6.77 EPS. Research analysts forecast that Phillips 66 will post 15.63 EPS for the current year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were issued a dividend of $1.05 per share. The ex-dividend date was Thursday, August 17th. This represents a $4.20 annualized dividend and a yield of 3.47%. Phillips 66’s dividend payout ratio (DPR) is 18.22%.

Insiders Place Their Bets

In other news, EVP Brian Mandell sold 3,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $111.84, for a total value of $335,520.00. Following the transaction, the executive vice president now owns 46,451 shares in the company, valued at approximately $5,195,079.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Brian Mandell sold 3,000 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $111.84, for a total value of $335,520.00. Following the transaction, the executive vice president now owns 46,451 shares in the company, valued at approximately $5,195,079.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevin J. Mitchell sold 9,900 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $115.00, for a total value of $1,138,500.00. Following the transaction, the chief financial officer now owns 103,803 shares in the company, valued at approximately $11,937,345. The disclosure for this sale can be found here. Insiders have sold a total of 360,648 shares of company stock worth $41,396,371 in the last quarter. 4.57% of the stock is owned by company insiders.

Phillips 66 Profile

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.