Capital Analysts LLC Has $276,000 Holdings in Phillips 66 $PSX

Capital Analysts LLC grew its position in Phillips 66 (NYSE:PSX) by 9.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,236 shares of the oil and gas company’s stock after purchasing an additional 186 shares during the period. Capital Analysts LLC’s holdings in Phillips 66 were worth $276,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PSX. Price T Rowe Associates Inc. MD increased its position in Phillips 66 by 283.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,026,649 shares of the oil and gas company’s stock worth $686,618,000 after purchasing an additional 4,455,220 shares during the last quarter. Nuveen LLC acquired a new position in Phillips 66 in the 1st quarter worth about $156,482,000. Capitolis Liquid Global Markets LLC acquired a new position in shares of Phillips 66 during the 4th quarter valued at about $142,185,000. GAMMA Investing LLC increased its holdings 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 acquiring an additional 1,181,240 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Phillips 66 by 157.6% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,541,240 shares of the oil and gas company’s stock valued at $175,593,000 after acquiring an additional 942,922 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Price Performance

Shares of NYSE:PSX opened at $129.8020 on Friday. The business has a 50 day moving average price of $124.31 and a 200 day moving average price of $119.05. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $140.85. The company has a market cap of $52.46 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 1.68 and a beta of 1.09. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.60.

Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, July 25th. The oil and gas company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.59. Phillips 66 had a return on equity of 4.87% and a net margin of 1.27%.The firm had revenue of $33.77 billion during the quarter, compared to the consensus estimate of $32.11 billion. During the same quarter in the prior year, the company earned $2.31 EPS. Research analysts predict that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be paid a dividend of $1.20 per share. The ex-dividend date is Tuesday, August 19th. This represents a $4.80 annualized dividend and a yield of 3.7%. Phillips 66’s dividend payout ratio is presently 115.38%.

Insider Activity

In other news, Director Gregory Hayes acquired 8,350 shares of Phillips 66 stock in a transaction on Thursday, August 14th. The stock was bought at an average price of $119.90 per share, for a total transaction of $1,001,165.00. Following the transaction, the director owned 29,423 shares of the company’s stock, valued at $3,527,817.70. The trade was a 39.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael A. Heim acquired 1,000 shares of Phillips 66 stock in a transaction on Wednesday, July 30th. The stock was purchased at an average price of $125.97 per share, with a total value of $125,970.00. Following the transaction, the director directly owned 12,043 shares in the company, valued at approximately $1,517,056.71. This trade represents a 9.06% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 9,850 shares of company stock worth $1,188,910 over the last 90 days. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

PSX has been the topic of a number of recent analyst reports. Compass Point initiated coverage on Phillips 66 in a research note on Wednesday, June 18th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. set a $115.00 price objective on Phillips 66 in a research note on Wednesday, June 18th. UBS Group raised their price objective on Phillips 66 from $141.00 to $143.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Evercore ISI initiated coverage on Phillips 66 in a research note on Wednesday, June 18th. They issued an “outperform” rating and a $130.00 price objective on the stock. Finally, Barclays raised their price objective on Phillips 66 from $115.00 to $127.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $136.20.

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.