Livelsberger Financial Advisory Invests $57,000 in Phillips 66 (NYSE:PSX)

Livelsberger Financial Advisory acquired a new position in shares of Phillips 66 (NYSE:PSX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 436 shares of the oil and gas company’s stock, valued at approximately $57,000. Phillips 66 accounts for 1.2% of Livelsberger Financial Advisory’s holdings, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Manning & Napier Advisors LLC acquired a new stake in shares of Phillips 66 in the 2nd quarter valued at about $17,670,000. M&G Plc acquired a new stake in shares of Phillips 66 in the 2nd quarter valued at about $3,596,000. Duality Advisers LP acquired a new stake in shares of Phillips 66 in the 1st quarter valued at about $3,596,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Phillips 66 by 42.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 133,736 shares of the oil and gas company’s stock valued at $21,844,000 after purchasing an additional 39,775 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Phillips 66 by 69.8% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,802 shares of the oil and gas company’s stock valued at $6,175,000 after purchasing an additional 15,542 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Shares of NYSE:PSX traded down $1.32 during trading on Monday, reaching $131.28. 586,545 shares of the stock were exchanged, compared to its average volume of 2,676,536. Phillips 66 has a 12 month low of $107.85 and a 12 month high of $174.08. The firm has a market cap of $55.66 billion, a PE ratio of 10.20, a PEG ratio of 5.75 and a beta of 1.33. The stock has a 50-day moving average price of $133.18 and a 200-day moving average price of $140.20. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.56.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Tuesday, July 30th. The oil and gas company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.33. Phillips 66 had a return on equity of 16.77% and a net margin of 3.32%. The company had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $37.79 billion. During the same quarter in the previous year, the company posted $3.87 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. Research analysts expect that Phillips 66 will post 7.85 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, November 18th. Phillips 66’s dividend payout ratio is presently 35.38%.

Insider Transactions at Phillips 66

In other news, CFO Kevin J. Mitchell sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $139.01, for a total transaction of $4,170,300.00. Following the completion of the sale, the chief financial officer now owns 81,937 shares in the company, valued at $11,390,062.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PSX shares. Bank of America started coverage on Phillips 66 in a research report on Thursday. They issued a “buy” rating and a $156.00 target price on the stock. Wolfe Research started coverage on Phillips 66 in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Raymond James lifted their target price on Phillips 66 from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Morgan Stanley lowered their target price on Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating on the stock in a research report on Monday, September 16th. Finally, Mizuho lowered their target price on Phillips 66 from $154.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus target price of $149.50.

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.