Phillips 66 (NYSE:PSX) Shares Bought by CENTRAL TRUST Co

CENTRAL TRUST Co lifted its position in shares of Phillips 66 (NYSE:PSX – Get Rating) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,703 shares of the oil and gas company’s stock after buying an additional 930 shares during the quarter. CENTRAL TRUST Co’s holdings in Phillips 66 were worth $2,397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Hallmark Capital Management Inc. grew its stake in Phillips 66 by 62.5% in the 3rd quarter. Hallmark Capital Management Inc. now owns 325 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 125 shares during the last quarter. Horan Securities Inc. lifted its holdings in Phillips 66 by 210.6% in the 3rd quarter. Horan Securities Inc. now owns 351 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 238 shares in the last quarter. Core Alternative Capital lifted its holdings in Phillips 66 by 218.3% in the 3rd quarter. Core Alternative Capital now owns 366 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 251 shares in the last quarter. Worth Asset Management LLC purchased a new position in Phillips 66 in the 1st quarter valued at about $32,000. Finally, Heritage Wealth Management LLC purchased a new position in Phillips 66 in the 2nd quarter valued at about $37,000. 70.76% of the stock is currently owned by hedge funds and other institutional investors.

Phillips 66 Trading Down 4.4 %

NYSE PSX opened at $93.65 on Thursday. Phillips 66 has a one year low of $74.02 and a one year high of $113.53. The company’s 50 day moving average price is $102.91 and its 200 day moving average price is $99.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.17 and a current ratio of 1.38. The firm has a market capitalization of $43.45 billion, a price-to-earnings ratio of 4.08, a PEG ratio of 0.33 and a beta of 1.37.

Phillips 66 (NYSE:PSX – Get Rating) last posted its quarterly earnings results on Tuesday, January 31st. The oil and gas company reported $4.00 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.35). Phillips 66 had a net margin of 6.27% and a return on equity of 31.20%. The business had revenue of $40.91 billion during the quarter, compared to analysts’ expectations of $34.30 billion. During the same quarter in the previous year, the business posted $2.94 EPS. On average, sell-side analysts predict that Phillips 66 will post 15.57 EPS for the current year.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 21st were given a $1.05 dividend. This is an increase from Phillips 66’s previous quarterly dividend of $0.97. The ex-dividend date of this dividend was Friday, February 17th. This represents a $4.20 annualized dividend and a yield of 4.48%. Phillips 66’s dividend payout ratio (DPR) is 18.30%.

Insider Buying and Selling at Phillips 66

In other news, Director Gregory Hayes acquired 10,250 shares of the stock in a transaction on Thursday, February 2nd. The stock was bought at an average price of $97.75 per share, with a total value of $1,001,937.50. Following the completion of the transaction, the director now directly owns 14,299 shares of the company’s stock, valued at $1,397,727.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.74% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Phillips 66 from $134.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, January 5th. The Goldman Sachs Group upped their target price on shares of Phillips 66 to $123.00 in a report on Wednesday, November 16th. StockNews.com assumed coverage on shares of Phillips 66 in a report on Thursday. They issued a “buy” rating on the stock. Mizuho reduced their target price on shares of Phillips 66 from $121.00 to $120.00 in a report on Friday, March 10th. Finally, Raymond James increased their price objective on shares of Phillips 66 from $130.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, January 13th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.27.

About Phillips 66

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Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties. The Midstream segment provides crude oil and refined products transportation, terminaling and processing services, as well as natural gas, natural gas liquids and liquefied petroleum gas transportation, storage, processing and marketing services.