First National Bank of Mount Dora Trust Investment Services Sells 755 Shares of Phillips 66 (NYSE:PSX)

First National Bank of Mount Dora Trust Investment Services trimmed its position in shares of Phillips 66 (NYSE:PSX) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,006 shares of the oil and gas company’s stock after selling 755 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Phillips 66 were worth $1,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crewe Advisors LLC bought a new position in shares of Phillips 66 in the first quarter worth $25,000. Keener Financial Planning LLC bought a new position in shares of Phillips 66 in the first quarter worth $26,000. Strategic Financial Concepts LLC bought a new stake in Phillips 66 during the second quarter valued at $26,000. nVerses Capital LLC bought a new stake in Phillips 66 during the third quarter valued at $26,000. Finally, Values First Advisors Inc. bought a new stake in Phillips 66 during the third quarter valued at $30,000. 76.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Phillips 66

In other news, CFO Kevin J. Mitchell sold 30,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $139.01, for a total value of $4,170,300.00. Following the completion of the sale, the chief financial officer now directly owns 81,937 shares in the company, valued at $11,390,062.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

PSX has been the subject of several research analyst reports. Mizuho dropped their price objective on Phillips 66 from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Morgan Stanley lowered their price target on Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Barclays lowered their price target on Phillips 66 from $138.00 to $133.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 8th. Scotiabank lowered their price target on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lowered their price target on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Phillips 66 currently has a consensus rating of “Moderate Buy” and an average target price of $151.42.

Phillips 66 Stock Up 1.8 %

Phillips 66 stock traded up $2.14 during trading hours on Monday, hitting $122.15. 266,187 shares of the stock traded hands, compared to its average volume of 2,664,220. The firm’s 50-day moving average price is $131.27 and its two-hundred day moving average price is $137.53. The company has a current ratio of 1.21, a quick ratio of 0.79 and a debt-to-equity ratio of 0.62. The company has a market cap of $50.45 billion, a PE ratio of 15.41, a PEG ratio of 3.92 and a beta of 1.33. Phillips 66 has a one year low of $110.54 and a one year high of $174.08.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. The company had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.63 EPS. On average, research analysts forecast that Phillips 66 will post 7.77 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $4.60 dividend on an annualized basis and a yield of 3.77%. Phillips 66’s dividend payout ratio is presently 59.05%.

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.