Stephens Inc. AR Increases Position in Phillips 66 (NYSE:PSX)

Stephens Inc. AR raised its holdings in Phillips 66 (NYSE:PSXFree Report) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,608 shares of the oil and gas company’s stock after purchasing an additional 87 shares during the quarter. Stephens Inc. AR’s holdings in Phillips 66 were worth $1,945,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. First United Bank & Trust acquired a new position in shares of Phillips 66 in the fourth quarter worth about $31,000. Signature Resources Capital Management LLC acquired a new position in shares of Phillips 66 during the 4th quarter worth about $33,000. Bruce G. Allen Investments LLC acquired a new position in shares of Phillips 66 during the 4th quarter worth about $36,000. Gladius Capital Management LP acquired a new position in shares of Phillips 66 during the 4th quarter worth about $36,000. Finally, West Branch Capital LLC raised its position in shares of Phillips 66 by 49.5% during the 4th quarter. West Branch Capital LLC now owns 275 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 91 shares during the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Joseph Scott Pruitt sold 5,922 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $157.40, for a total value of $932,122.80. Following the sale, the vice president now directly owns 6,583 shares in the company, valued at approximately $1,036,164.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Timothy D. Roberts sold 37,742 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $145.80, for a total value of $5,502,783.60. Following the sale, the executive vice president now directly owns 48,365 shares in the company, valued at approximately $7,051,617. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph Scott Pruitt sold 5,922 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $157.40, for a total transaction of $932,122.80. Following the completion of the sale, the vice president now owns 6,583 shares in the company, valued at $1,036,164.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,864 shares of company stock worth $7,567,178. 0.22% of the stock is currently owned by corporate insiders.

Phillips 66 Price Performance

Phillips 66 stock opened at $138.07 on Friday. The firm has a market cap of $58.53 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 1.89 and a beta of 1.37. Phillips 66 has a 52-week low of $89.74 and a 52-week high of $174.08. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $150.65 and its two-hundred day moving average is $143.19.

Phillips 66 (NYSE:PSXGet Free Report) last released its earnings results on Friday, April 26th. The oil and gas company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). The business had revenue of $36.44 billion for the quarter, compared to analyst estimates of $35.87 billion. Phillips 66 had a return on equity of 19.19% and a net margin of 3.84%. During the same quarter last year, the company earned $4.21 earnings per share. On average, research analysts expect that Phillips 66 will post 12.16 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.33%. This is a positive change from Phillips 66’s previous quarterly dividend of $1.05. The ex-dividend date was Friday, May 17th. Phillips 66’s dividend payout ratio (DPR) is presently 35.38%.

Analyst Upgrades and Downgrades

A number of analysts have commented on PSX shares. Scotiabank increased their price objective on shares of Phillips 66 from $148.00 to $156.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. increased their price objective on shares of Phillips 66 from $149.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Raymond James cut their price objective on shares of Phillips 66 from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, May 30th. StockNews.com cut shares of Phillips 66 from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Finally, The Goldman Sachs Group increased their price target on shares of Phillips 66 from $152.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.93.

View Our Latest Stock Analysis on Phillips 66

Phillips 66 Company Profile

(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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