Boston Trust Walden Corp Sells 133 Shares of Phillips 66 $PSX

by · The Cerbat Gem

Boston Trust Walden Corp lowered its holdings in shares of Phillips 66 (NYSE:PSX – Free Report) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,860 shares of the oil and gas company’s stock after selling 133 shares during the period. Boston Trust Walden Corp’s holdings in Phillips 66 were worth $818,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Elliott Investment Management L.P. grew its holdings in shares of Phillips 66 by 1,929.0% during the 1st quarter. Elliott Investment Management L.P. now owns 15,725,000 shares of the oil and gas company’s stock valued at $1,941,723,000 after purchasing an additional 14,950,000 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Phillips 66 by 11.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,709,108 shares of the oil and gas company’s stock valued at $828,442,000 after purchasing an additional 682,459 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Phillips 66 by 15.9% during the 1st quarter. Invesco Ltd. now owns 4,765,866 shares of the oil and gas company’s stock valued at $588,489,000 after purchasing an additional 653,248 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Phillips 66 by 11.1% during the first quarter. Goldman Sachs Group Inc. now owns 3,781,064 shares of the oil and gas company’s stock valued at $466,886,000 after purchasing an additional 377,132 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Phillips 66 by 3.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,103,316 shares of the oil and gas company’s stock valued at $383,197,000 after purchasing an additional 100,321 shares during the period. Institutional investors own 76.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PSX shares. Piper Sandler increased their price objective on Phillips 66 from $154.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Raymond James Financial increased their price objective on Phillips 66 from $142.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, September 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Phillips 66 in a research note on Wednesday, October 8th. Evercore ISI increased their price objective on Phillips 66 from $130.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $133.00 price target on shares of Phillips 66 in a research report on Friday, July 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $140.75.

Check Out Our Latest Research Report on PSX

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, Director Michael A. Heim bought 1,000 shares of the company’s stock in a transaction dated Wednesday, July 30th. The shares were purchased at an average price of $125.97 per share, for a total transaction of $125,970.00. Following the acquisition, the director owned 12,043 shares in the company, valued at approximately $1,517,056.71. This represents a 9.06% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Vanessa Allen Sutherland sold 4,393 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $140.00, for a total transaction of $615,020.00. Following the sale, the executive vice president owned 34,587 shares in the company, valued at approximately $4,842,180. This trade represents a 11.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 9,850 shares of company stock worth $1,188,910. Corporate insiders own 0.22% of the company’s stock.

Phillips 66 Price Performance

Shares of NYSE PSX opened at $129.69 on Thursday. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $142.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 0.79. The company’s 50-day moving average is $130.05 and its 200 day moving average is $120.75. The stock has a market capitalization of $52.41 billion, a P/E ratio of 31.17, a P/E/G ratio of 1.84 and a beta of 1.11.

Phillips 66 (NYSE:PSX – Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The oil and gas company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.59. Phillips 66 had a net margin of 1.27% and a return on equity of 4.87%. The company had revenue of $33.77 billion for the quarter, compared to analysts’ expectations of $32.11 billion. During the same quarter in the previous year, the company earned $2.31 earnings per share. On average, sell-side analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, November 17th. Phillips 66’s payout ratio is 115.38%.

Phillips 66 Profile

(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.

See Also

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