Investors sold shares of Phillips 66 (NYSE:PSX) on strength during trading hours on Wednesday. $63.81 million flowed into the stock on the tick-up and $120.58 million flowed out of the stock on the tick-down, for a money net flow of $56.77 million out of the stock. Of all stocks tracked, Phillips 66 had the 0th highest net out-flow for the day. Phillips 66 traded up $2.51 for the day and closed at $78.66

A number of research analysts recently issued reports on the company. Cowen and Company raised Phillips 66 from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $76.15 to $92.00 in a report on Wednesday. Morgan Stanley reiterated a “hold” rating on shares of Phillips 66 in a research report on Monday. Barclays PLC reiterated an “equal weight” rating and issued a $86.00 price objective on shares of Phillips 66 in a research report on Thursday, July 28th. TheStreet lowered Phillips 66 from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. Finally, Scotiabank lowered Phillips 66 from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $90.00 to $89.00 in a research report on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $86.90.

The company has a market cap of $41.13 billion and a P/E ratio of 13.62. The stock has a 50 day moving average price of $77.06 and a 200 day moving average price of $80.83.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.01. During the same period in the prior year, the company earned $1.83 EPS. On average, equities analysts forecast that Phillips 66 will post $3.70 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, August 16th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.20%.

In other Phillips 66 news, Director William R. Loomis, Jr. bought 12,680 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The stock was acquired at an average price of $78.87 per share, with a total value of $1,000,071.60. Following the completion of the purchase, the director now directly owns 12,680 shares of the company’s stock, valued at approximately $1,000,071.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Greg C. Garland sold 62,500 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $79.95, for a total value of $4,996,875.00. Following the sale, the chief executive officer now directly owns 146,660 shares of the company’s stock, valued at approximately $11,725,467. The disclosure for this sale can be found here.

A number of large investors have added to or reduced their stakes in the company. Aberdeen Asset Management PLC UK boosted its stake in Phillips 66 by 5.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 194,806 shares of the company’s stock valued at $16,092,000 after buying an additional 9,514 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Phillips 66 by 0.9% in the fourth quarter. Principal Financial Group Inc. now owns 639,944 shares of the company’s stock valued at $52,345,000 after buying an additional 5,629 shares in the last quarter. Bank of Montreal Can boosted its stake in Phillips 66 by 11.0% in the fourth quarter. Bank of Montreal Can now owns 344,386 shares of the company’s stock valued at $28,171,000 after buying an additional 34,156 shares in the last quarter. Herndon Capital Management LLC boosted its stake in Phillips 66 by 145.3% in the fourth quarter. Herndon Capital Management LLC now owns 19,051 shares of the company’s stock valued at $1,558,000 after buying an additional 11,285 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Phillips 66 by 120.6% in the fourth quarter. Toronto Dominion Bank now owns 16,933 shares of the company’s stock valued at $1,385,000 after buying an additional 9,256 shares in the last quarter.

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining and marketing, and specialties businesses. The Company operates its business through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment includes its equity investment in DCP Midstream , LLC (DCP Midstream) and its investment in Phillips 66 Partners LP.

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