S.A. Mason LLC Lowers Stock Holdings in Phillips 66 (NYSE:PSX)

S.A. Mason LLC lessened its position in Phillips 66 (NYSE:PSX) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,529 shares of the oil and gas company’s stock after selling 150 shares during the quarter. S.A. Mason LLC’s holdings in Phillips 66 were worth $603,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. First Capital Advisors Group LLC. purchased a new stake in Phillips 66 during the second quarter worth about $25,000. Cornerstone Planning Group LLC grew its holdings in shares of Phillips 66 by 134.8% in the third quarter. Cornerstone Planning Group LLC now owns 263 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 151 shares in the last quarter. Worth Asset Management LLC acquired a new position in shares of Phillips 66 in the first quarter valued at approximately $32,000. Bruce G. Allen Investments LLC purchased a new stake in Phillips 66 during the 4th quarter worth approximately $36,000. Finally, Bell Investment Advisors Inc lifted its holdings 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 in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Performance

NYSE PSX opened at $158.96 on Thursday. The company has a fifty day moving average of $145.66 and a two-hundred day moving average of $130.14. The company has a market capitalization of $68.01 billion, a PE ratio of 10.28, a P/E/G ratio of 2.08 and a beta of 1.36. Phillips 66 has a 1 year low of $89.74 and a 1 year high of $161.42. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.26 and a quick ratio of 1.02.

Phillips 66 (NYSE:PSX) last announced 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. The firm had revenue of $38.74 billion during the quarter, compared to analysts’ expectations of $34.30 billion. Phillips 66 had a return on equity of 22.10% and a net margin of 4.68%. As a group, analysts expect that Phillips 66 will post 12.55 earnings per share for the current year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 20th were given a $1.05 dividend. The ex-dividend date was Friday, February 16th. This represents a $4.20 annualized dividend and a yield of 2.64%. Phillips 66’s dividend payout ratio (DPR) is 27.15%.

Insider Buying and Selling

In other Phillips 66 news, VP Joseph Scott Pruitt sold 7,200 shares of Phillips 66 stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $157.26, for a total value of $1,132,272.00. Following the transaction, the vice president now directly owns 6,583 shares in the company, valued at $1,035,242.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Phillips 66 news, EVP Richard G. Harbison sold 21,934 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $146.27, for a total transaction of $3,208,286.18. Following the completion of the sale, the executive vice president now directly owns 24,941 shares of the company’s stock, valued at approximately $3,648,120.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joseph Scott Pruitt sold 7,200 shares of Phillips 66 stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $157.26, for a total value of $1,132,272.00. Following the completion of the transaction, the vice president now owns 6,583 shares in the company, valued at $1,035,242.58. The disclosure for this sale can be found here. Insiders sold a total of 40,309 shares of company stock worth $5,981,836 in the last 90 days. Company insiders own 4.57% of the company’s stock.

Analysts Set New Price Targets

PSX has been the topic of a number of recent research reports. Wells Fargo & Company upped their price objective on Phillips 66 from $163.00 to $179.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. StockNews.com upgraded Phillips 66 from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. The Goldman Sachs Group lifted their price objective on Phillips 66 from $152.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Bank of America upped their target price on shares of Phillips 66 from $150.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Finally, TD Cowen lifted their price target on shares of Phillips 66 from $134.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Phillips 66 has a consensus rating of “Moderate Buy” and a consensus target price of $148.69.

Phillips 66 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.