Phillips 66 (NYSE:PSX) Holdings Decreased by CoreCap Advisors LLC

CoreCap Advisors LLC trimmed its position in Phillips 66 (NYSE:PSXFree Report) by 5.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,336 shares of the oil and gas company’s stock after selling 142 shares during the period. CoreCap Advisors LLC’s holdings in Phillips 66 were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its holdings in shares of Phillips 66 by 134.8% in the 3rd quarter. Cornerstone Planning Group LLC now owns 263 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 151 shares during the last quarter. First Capital Advisors Group LLC. bought a new position in Phillips 66 during the 2nd quarter worth $25,000. Bruce G. Allen Investments LLC bought a new position in Phillips 66 during the 4th quarter worth $36,000. Bell Investment Advisors Inc grew its stake in Phillips 66 by 82.1% during the 3rd quarter. Bell Investment Advisors Inc now owns 306 shares of the oil and gas company’s stock worth $37,000 after buying an additional 138 shares during the last quarter. Finally, Worth Asset Management LLC bought a new position in Phillips 66 during the 1st quarter worth $32,000. 76.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on PSX shares. The Goldman Sachs Group upped their price objective on Phillips 66 from $152.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Barclays upped their price objective on Phillips 66 from $132.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Monday, February 5th. Bank of America upped their price objective on Phillips 66 from $150.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Raymond James increased their price target on Phillips 66 from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Citigroup assumed coverage on Phillips 66 in a research note on Wednesday, January 24th. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.69.

Read Our Latest Stock Report on PSX

Insider Activity

In other news, EVP Vanessa Allen Sutherland sold 3,700 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $133.18, for a total transaction of $492,766.00. Following the completion of the sale, the executive vice president now directly owns 47,567 shares of the company’s stock, valued at $6,334,973.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Zhanna Golodryga sold 5,253 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $135.00, for a total transaction of $709,155.00. Following the transaction, the executive vice president now directly owns 24,914 shares of the company’s stock, valued at $3,363,390. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Vanessa Allen Sutherland sold 3,700 shares of the company’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $133.18, for a total value of $492,766.00. Following the transaction, the executive vice president now directly owns 47,567 shares in the company, valued at $6,334,973.06. The disclosure for this sale can be found here. Insiders sold a total of 44,009 shares of company stock valued at $6,474,602 over the last three months. Insiders own 4.57% of the company’s stock.

Phillips 66 Trading Up 0.1 %

Shares of Phillips 66 stock opened at $156.63 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 0.56. The firm has a market cap of $67.01 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 2.08 and a beta of 1.36. The business has a fifty day simple moving average of $145.11 and a 200-day simple moving average of $129.89. Phillips 66 has a fifty-two week low of $89.74 and a fifty-two week high of $161.42.

Phillips 66 (NYSE:PSXGet Free Report) last announced its earnings results on Wednesday, January 31st. The oil and gas company reported $3.09 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $34.30 billion. On average, equities analysts forecast that Phillips 66 will post 12.55 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend was Friday, February 16th. Phillips 66’s dividend payout ratio is 27.15%.

About Phillips 66

(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.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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