14,584 Shares in Phillips 66 $PSX Purchased by Caldwell Trust Co

Caldwell Trust Co acquired a new stake in Phillips 66 (NYSE:PSX) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,584 shares of the oil and gas company’s stock, valued at approximately $1,740,000.

Other hedge funds have also recently modified their holdings of the company. Elliott Investment Management L.P. increased its holdings in shares of Phillips 66 by 1,929.0% in the first quarter. Elliott Investment Management L.P. now owns 15,725,000 shares of the oil and gas company’s stock worth $1,941,723,000 after purchasing an additional 14,950,000 shares during the period. Vanguard Group Inc. increased its stake in Phillips 66 by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 46,368,000 shares of the oil and gas company’s stock worth $5,531,702,000 after acquiring an additional 5,978,841 shares during the last quarter. Chronos Wealth Management LLC purchased a new stake in shares of Phillips 66 in the 2nd quarter valued at about $281,000. Edgestream Partners L.P. purchased a new stake in shares of Phillips 66 in the 2nd quarter valued at about $4,952,000. Finally, Evergreen Wealth Solutions LLC bought a new stake in shares of Phillips 66 during the 1st quarter valued at about $292,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Phillips 66 stock opened at $141.41 on Monday. The firm has a fifty day simple moving average of $135.66 and a two-hundred day simple moving average of $129.47. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.68. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $144.96. The company has a market capitalization of $56.98 billion, a PE ratio of 38.64, a P/E/G ratio of 0.74 and a beta of 0.92.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.14 by $0.38. Phillips 66 had a return on equity of 5.53% and a net margin of 1.12%.The firm had revenue of $33.69 billion for the quarter, compared to the consensus estimate of $32.29 billion. During the same quarter in the previous year, the business earned $2.04 earnings per share. Research analysts expect that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a $1.20 dividend. The ex-dividend date was Monday, November 17th. This represents a $4.80 annualized dividend and a yield of 3.4%. Phillips 66’s payout ratio is presently 131.15%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PSX shares. Jefferies Financial Group raised their target price on shares of Phillips 66 from $133.00 to $137.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Wall Street Zen upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Raymond James Financial lifted their price objective on shares of Phillips 66 from $153.00 to $169.00 and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Cowen reissued a “buy” rating on shares of Phillips 66 in a research note on Thursday, October 30th. Finally, Evercore ISI lifted their price target on Phillips 66 from $130.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $148.35.

Insider Activity

In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,000 shares of the stock in a transaction on Friday, November 7th. The shares were sold at an average price of $138.00, for a total transaction of $4,140,000.00. Following the completion of the sale, the chief financial officer owned 89,771 shares of the company’s stock, valued at $12,388,398. This represents a 25.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Brian Mandell sold 25,500 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $140.04, for a total transaction of $3,571,020.00. Following the completion of the sale, the executive vice president directly owned 56,838 shares in the company, valued at approximately $7,959,593.52. This trade represents a 30.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 86,093 shares of company stock valued at $11,933,256. 0.22% of the stock is currently owned by company insiders.

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.