Phillips 66 (NYSE:PSX) Shares Bought by Lbmc Investment Advisors LLC

Lbmc Investment Advisors LLC raised its holdings in Phillips 66 (NYSE:PSX) by 4.3% in the 1st quarter, HoldingsChannel reports. The fund owned 2,488 shares of the oil and gas company’s stock after acquiring an additional 103 shares during the period. Lbmc Investment Advisors LLC’s holdings in Phillips 66 were worth $307,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Phillips 66 by 283.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,026,649 shares of the oil and gas company’s stock valued at $686,618,000 after buying an additional 4,455,220 shares during the period. Norges Bank purchased a new stake in shares of Phillips 66 during the 4th quarter valued at $497,648,000. Raymond James Financial Inc. purchased a new stake in shares of Phillips 66 during the 4th quarter valued at $168,790,000. Capitolis Liquid Global Markets LLC purchased a new stake in shares of Phillips 66 during the 4th quarter valued at $142,185,000. Finally, GAMMA Investing LLC grew its stake in shares of Phillips 66 by 14,119.5% during the 1st quarter. GAMMA Investing LLC now owns 1,189,606 shares of the oil and gas company’s stock valued at $146,893,000 after buying an additional 1,181,240 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Price Performance

NYSE PSX opened at $113.31 on Monday. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $150.12. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The stock has a market cap of $46.17 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 4.84 and a beta of 1.01. The company has a 50-day moving average price of $109.26 and a two-hundred day moving average price of $118.44.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.97). The company had revenue of $31.92 billion during the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same quarter last year, the business earned $1.90 earnings per share. Analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $1.20 dividend. The ex-dividend date is Monday, May 19th. This is a boost from Phillips 66’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 4.24%. Phillips 66’s dividend payout ratio (DPR) is 109.34%.

Analysts Set New Price Targets

A number of analysts recently weighed in on PSX shares. Barclays upped their price target on shares of Phillips 66 from $106.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Tudor Pickering cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. decreased their price target on shares of Phillips 66 from $138.00 to $131.00 and set an “overweight” rating for the company in a research report on Tuesday, April 29th. Raymond James decreased their price target on shares of Phillips 66 from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Finally, TD Cowen upped their price target on shares of Phillips 66 from $114.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, May 13th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.62.

Insider Activity

In related news, Director Robert W. Pease acquired 439 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of $113.85 per share, for a total transaction of $49,980.15. Following the completion of the acquisition, the director now directly owns 4,091 shares of the company’s stock, valued at approximately $465,760.35. The trade was a 12.02% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.22% of the company’s stock.

About Phillips 66

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.