Community Bank N.A. Sells 145 Shares of Phillips 66 (NYSE:PSX)

Community Bank N.A. lowered its stake in Phillips 66 (NYSE:PSX) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,292 shares of the oil and gas company’s stock after selling 145 shares during the quarter. Community Bank N.A.’s holdings in Phillips 66 were worth $2,302,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its stake in Phillips 66 by 12.4% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 201,592 shares of the oil and gas company’s stock worth $26,501,000 after purchasing an additional 22,278 shares during the period. Eldred Rock Partners LLC bought a new position in Phillips 66 in the 4th quarter worth about $10,402,000. Choate Investment Advisors bought a new position in Phillips 66 in the 3rd quarter worth about $247,000. First Dallas Securities Inc. purchased a new stake in shares of Phillips 66 in the 3rd quarter valued at about $753,000. Finally, TIAA Trust National Association raised its holdings in shares of Phillips 66 by 32.9% in the 4th quarter. TIAA Trust National Association now owns 14,816 shares of the oil and gas company’s stock valued at $1,973,000 after acquiring an additional 3,670 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on PSX. JPMorgan Chase & Co. raised their price target on Phillips 66 from $149.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Wells Fargo & Company raised their price target on Phillips 66 from $179.00 to $191.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Barclays raised their price target on Phillips 66 from $139.00 to $155.00 and gave the company an “equal weight” rating in a report on Thursday, April 18th. StockNews.com cut Phillips 66 from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Finally, Bank of America raised their price target on Phillips 66 from $150.00 to $180.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $158.00.

Insider Buying and Selling

In related news, VP Joseph Scott Pruitt sold 7,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $157.26, for a total transaction of $1,132,272.00. Following the transaction, the vice president now directly owns 6,583 shares in the company, valued at approximately $1,035,242.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, VP Joseph Scott Pruitt sold 7,200 shares of Phillips 66 stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $157.26, for a total value of $1,132,272.00. Following the sale, the vice president now directly owns 6,583 shares in the company, valued at approximately $1,035,242.58. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Richard G. Harbison sold 21,934 shares of Phillips 66 stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $146.27, for a total value of $3,208,286.18. Following the completion of the sale, the executive vice president now owns 24,941 shares in the company, valued at $3,648,120.07. The disclosure for this sale can be found here. Insiders have sold a total of 35,056 shares of company stock worth $5,272,681 in the last ninety days. 0.22% of the stock is owned by insiders.

Phillips 66 Trading Down 0.6 %

PSX traded down $1.02 on Wednesday, hitting $157.82. 1,944,590 shares of the company were exchanged, compared to its average volume of 2,965,071. The firm has a fifty day simple moving average of $155.18 and a two-hundred day simple moving average of $136.46. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.26. Phillips 66 has a 12 month low of $89.74 and a 12 month high of $174.08. The stock has a market capitalization of $67.52 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 1.95 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Wednesday, January 31st. The oil and gas company reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.72. Phillips 66 had a return on equity of 22.10% and a net margin of 4.68%. The business had revenue of $38.74 billion for the quarter, compared to analyst estimates of $34.30 billion. Sell-side analysts expect that Phillips 66 will post 13.45 earnings per share for the current year.

Phillips 66 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.91%. This is a positive change from Phillips 66’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, May 17th. Phillips 66’s dividend payout ratio (DPR) is presently 27.15%.

Phillips 66 Company 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.