Strategic Blueprint LLC Sells 154 Shares of Phillips 66 (NYSE:PSX)

Strategic Blueprint LLC cut its stake in Phillips 66 (NYSE:PSX) by 6.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,176 shares of the oil and gas company’s stock after selling 154 shares during the period. Strategic Blueprint LLC’s holdings in Phillips 66 were worth $290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Valley National Advisers Inc. boosted its stake in Phillips 66 by 28.7% during the fourth quarter. Valley National Advisers Inc. now owns 951 shares of the oil and gas company’s stock worth $126,000 after buying an additional 212 shares in the last quarter. Bleakley Financial Group LLC increased its stake in Phillips 66 by 4.6% in the fourth quarter. Bleakley Financial Group LLC now owns 8,242 shares of the oil and gas company’s stock valued at $1,097,000 after acquiring an additional 362 shares during the period. Meeder Advisory Services Inc. increased its stake in Phillips 66 by 6.5% in the fourth quarter. Meeder Advisory Services Inc. now owns 6,784 shares of the oil and gas company’s stock valued at $903,000 after acquiring an additional 416 shares during the period. Equitable Trust Co. raised its position in Phillips 66 by 43.1% in the fourth quarter. Equitable Trust Co. now owns 25,204 shares of the oil and gas company’s stock worth $3,356,000 after purchasing an additional 7,592 shares in the last quarter. Finally, Americana Partners LLC lifted its stake in Phillips 66 by 6.3% during the fourth quarter. Americana Partners LLC now owns 18,583 shares of the oil and gas company’s stock worth $2,452,000 after purchasing an additional 1,108 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Mizuho lowered their price objective on Phillips 66 from $167.00 to $162.00 and set a “neutral” rating on the stock in a research note on Friday. Raymond James increased their price objective on Phillips 66 from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Scotiabank boosted their target price on shares of Phillips 66 from $148.00 to $156.00 and gave the company a “sector outperform” rating in a research note on Thursday. Wells Fargo & Company increased their target price on shares of Phillips 66 from $179.00 to $191.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Phillips 66 from $149.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Phillips 66 has an average rating of “Moderate Buy” and a consensus target price of $156.86.

Insiders Place Their Bets

In other news, VP Joseph Scott Pruitt sold 5,922 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $157.40, for a total value of $932,122.80. Following the transaction, the vice president now owns 6,583 shares of the company’s stock, valued at approximately $1,036,164.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Robert W. Pease purchased 682 shares of the stock in a transaction dated Thursday, February 15th. The stock was bought at an average cost of $146.58 per share, with a total value of $99,967.56. Following the purchase, the director now directly owns 1,900 shares in the company, valued at approximately $278,502. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joseph Scott Pruitt sold 5,922 shares of Phillips 66 stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $157.40, for a total transaction of $932,122.80. Following the transaction, the vice president now directly owns 6,583 shares in the company, valued at approximately $1,036,164.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,056 shares of company stock valued at $5,272,681. Company insiders own 4.57% of the company’s stock.

Phillips 66 Trading Down 1.8 %

PSX stock opened at $162.41 on Friday. The business has a fifty day moving average of $153.37 and a 200-day moving average of $134.05. The company has a market cap of $69.48 billion, a P/E ratio of 10.50, a PEG ratio of 2.09 and a beta of 1.37. Phillips 66 has a twelve month low of $89.74 and a twelve month high of $174.08. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 0.56.

Phillips 66 (NYSE:PSX) last released its earnings results on Wednesday, January 31st. The oil and gas company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.72. Phillips 66 had a net margin of 4.68% and a return on equity of 22.10%. The company had revenue of $38.74 billion for the quarter, compared to the consensus estimate of $34.30 billion. As a group, equities research analysts expect that Phillips 66 will post 13.2 EPS for the current year.

Phillips 66 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be paid a $1.15 dividend. The ex-dividend date is Friday, May 17th. This is a boost from Phillips 66’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 2.83%. Phillips 66’s dividend payout ratio (DPR) is presently 27.15%.

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.