Chatham Capital Group Inc. Sells 325 Shares of Phillips 66 (NYSE:PSX)

Chatham Capital Group Inc. reduced its holdings in Phillips 66 (NYSE:PSX) by 1.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 33,155 shares of the oil and gas company’s stock after selling 325 shares during the quarter. Chatham Capital Group Inc.’s holdings in Phillips 66 were worth $4,094,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Oppenheimer & Co. Inc. raised its position in shares of Phillips 66 by 10.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company’s stock worth $5,349,000 after acquiring an additional 4,515 shares during the last quarter. Corps Capital Advisors LLC bought a new stake in Phillips 66 in the fourth quarter valued at $412,000. Cohen & Steers Inc. raised its holdings in shares of Phillips 66 by 40.3% during the fourth quarter. Cohen & Steers Inc. now owns 91,663 shares of the oil and gas company’s stock valued at $10,443,000 after purchasing an additional 26,318 shares during the period. American Assets Investment Management LLC boosted its position in shares of Phillips 66 by 2.3% during the 4th quarter. American Assets Investment Management LLC now owns 130,800 shares of the oil and gas company’s stock worth $14,902,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of Phillips 66 by 71.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 21,231 shares of the oil and gas company’s stock valued at $2,419,000 after buying an additional 8,838 shares during the period. Institutional investors own 76.93% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robert W. Pease bought 439 shares of the company’s stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost of $113.85 per share, with a total value of $49,980.15. Following the completion of the acquisition, the director now owns 4,091 shares in the company, valued at approximately $465,760.35. This represents a 12.02% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.22% of the company’s stock.

Phillips 66 Price Performance

Shares of NYSE:PSX opened at $112.46 on Thursday. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $150.12. The firm has a market capitalization of $45.82 billion, a P/E ratio of 22.77, a P/E/G ratio of 4.84 and a beta of 1.01. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The company’s fifty day moving average price is $108.65 and its 200 day moving average price is $118.26.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.97). The firm had revenue of $31.92 billion for the quarter, compared to analyst estimates of $31.93 billion. Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period last year, the firm earned $1.90 EPS. As a group, sell-side analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a $1.20 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.80 dividend on an annualized basis and a yield of 4.27%. This is an increase from Phillips 66’s previous quarterly dividend of $1.15. Phillips 66’s dividend payout ratio (DPR) is 109.34%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wall Street Zen upgraded Phillips 66 from a “sell” rating to a “hold” rating in a report on Monday, April 28th. The Goldman Sachs Group lowered Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price objective on the stock. in a research note on Thursday, March 27th. Morgan Stanley cut their target price on Phillips 66 from $140.00 to $122.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. UBS Group cut their price objective on Phillips 66 from $144.00 to $140.00 and set a “buy” rating for the company in a report on Monday, April 28th. Finally, Mizuho upped their target price on shares of Phillips 66 from $132.00 to $138.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Phillips 66 currently has a consensus rating of “Moderate Buy” and an average price target of $135.62.

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.