Representative Greg Landsman (D-Ohio) recently sold shares of Phillips 66 NYSE: PSX. In a filing disclosed on November 14th, the Representative disclosed that they had sold between $15,001 and $50,000 in Phillips 66 stock on October 15th. The trade occurred in the Representative's "ROCKEFELLER CAPITAL MANAGEMENT (2)" account.
Representative Greg Landsman also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Pfizer NYSE: PFE on 10/15/2024.
- Sold $1,001 - $15,000 in shares of Cheniere Energy NYSE: LNG on 10/15/2024.
- Sold $15,001 - $50,000 in shares of Diamondback Energy NASDAQ: FANG on 10/15/2024.
- Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 10/15/2024.
- Sold $1,001 - $15,000 in shares of Linde NASDAQ: LIN on 10/15/2024.
- Sold $1,001 - $15,000 in shares of Regeneron Pharmaceuticals NASDAQ: REGN on 10/15/2024.
- Sold $1,001 - $15,000 in shares of CrowdStrike NASDAQ: CRWD on 10/15/2024.
- Sold $15,001 - $50,000 in shares of Exxon Mobil NYSE: XOM on 10/15/2024.
- Sold $15,001 - $50,000 in shares of Amazon.com NASDAQ: AMZN on 10/15/2024.
- Purchased $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 9/10/2024.
Phillips 66 Trading Up 0.9 %
Shares of PSX traded up $1.15 during mid-day trading on Friday, reaching $130.91. 2,275,131 shares of the company's stock traded hands, compared to its average volume of 2,662,619. Phillips 66 has a 12 month low of $111.90 and a 12 month high of $174.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The stock has a market cap of $54.06 billion, a P/E ratio of 16.80, a P/E/G ratio of 4.26 and a beta of 1.33. The stock's 50-day moving average is $129.75 and its two-hundred day moving average is $135.81.
Phillips 66 (NYSE:PSX - Get Free Report) last released its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.41. The business had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business's revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period last year, the company earned $4.63 earnings per share. Research analysts forecast that Phillips 66 will post 7.63 earnings per share for the current fiscal year.
Phillips 66 Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.51%. The ex-dividend date is Monday, November 18th. Phillips 66's payout ratio is currently 59.05%.
Analyst Upgrades and Downgrades
PSX has been the topic of a number of research reports. Mizuho reduced their target price on shares of Phillips 66 from $154.00 to $150.00 and set a "neutral" rating on the stock in a research report on Monday, September 16th. UBS Group decreased their target price on Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Wells Fargo & Company dropped their price target on Phillips 66 from $182.00 to $167.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 9th. Barclays lowered their price objective on shares of Phillips 66 from $133.00 to $124.00 and set an "equal weight" rating for the company in a research note on Monday, November 11th. Finally, Bank of America began coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They issued a "buy" rating and a $156.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Phillips 66 presently has a consensus rating of "Moderate Buy" and a consensus target price of $149.69.
Get Our Latest Stock Report on PSX
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Crewe Advisors LLC purchased a new position in Phillips 66 during the 1st quarter worth approximately $25,000. nVerses Capital LLC acquired a new stake in shares of Phillips 66 in the third quarter worth $26,000. Bank & Trust Co purchased a new position in shares of Phillips 66 during the second quarter worth $31,000. Values First Advisors Inc. acquired a new position in Phillips 66 during the third quarter valued at $30,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Phillips 66 in the second quarter valued at $34,000. 76.93% of the stock is currently owned by hedge funds and other institutional investors.
About Representative Landsman
Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio's 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Landsman is also a member of the Cincinnati City Council in Ohio. He assumed office on January 2, 2018. His current term ends on January 1, 2024. Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio's 1st Congressional District. He declared candidacy for the 2024 election. Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor's Office of Faith-Based and Community Initiatives.
About Phillips 66
(
Get Free Report)
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.
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