San Luis Wealth Advisors LLC Raises Holdings in Phillips 66 $PSX

San Luis Wealth Advisors LLC raised its holdings in Phillips 66 (NYSE:PSX) by 769.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,649 shares of the oil and gas company’s stock after purchasing an additional 37,743 shares during the quarter. San Luis Wealth Advisors LLC’s holdings in Phillips 66 were worth $5,088,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH lifted its stake in Phillips 66 by 0.3% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 248,902 shares of the oil and gas company’s stock worth $29,694,000 after purchasing an additional 833 shares during the period. Virginia Wealth Management Group Inc. increased its holdings in Phillips 66 by 2.4% during the second quarter. Virginia Wealth Management Group Inc. now owns 29,846 shares of the oil and gas company’s stock worth $3,561,000 after buying an additional 709 shares during the last quarter. Chatham Capital Group Inc. lifted its position in Phillips 66 by 2.7% during the second quarter. Chatham Capital Group Inc. now owns 34,055 shares of the oil and gas company’s stock valued at $4,063,000 after purchasing an additional 900 shares during the last quarter. TOWER TRUST & INVESTMENT Co increased its position in Phillips 66 by 417.4% during the 2nd quarter. TOWER TRUST & INVESTMENT Co now owns 714 shares of the oil and gas company’s stock valued at $85,000 after purchasing an additional 576 shares during the period. Finally, Signature Resources Capital Management LLC lifted its stake in shares of Phillips 66 by 66.4% in the 2nd quarter. Signature Resources Capital Management LLC now owns 416 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 166 shares during the period. Institutional investors own 76.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on PSX. Evercore ISI lifted their target price on Phillips 66 from $130.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Bank of America downgraded Phillips 66 from a “buy” rating to a “neutral” rating and boosted their price target for the company from $144.00 to $147.00 in a research report on Wednesday, September 3rd. Scotiabank reissued a “sector perform” rating and issued a $133.00 price objective on shares of Phillips 66 in a report on Friday, July 11th. UBS Group raised their target price on Phillips 66 from $143.00 to $150.00 and gave the company a “buy” rating in a report on Monday, September 22nd. Finally, Citigroup cut shares of Phillips 66 from a “buy” rating to a “neutral” rating and upped their price objective for the company from $126.00 to $130.00 in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and eleven have given 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 price target of $139.38.

Insider Buying and Selling

In other news, EVP Vanessa Allen Sutherland sold 4,393 shares of Phillips 66 stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $135.00, for a total value of $593,055.00. Following the completion of the transaction, the executive vice president directly owned 38,980 shares of the company’s stock, valued at approximately $5,262,300. This trade represents a 10.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregory Hayes bought 8,350 shares of Phillips 66 stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average cost of $119.90 per share, for a total transaction of $1,001,165.00. Following the purchase, 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 disclosure for this purchase can be found here. Over the last three months, insiders acquired 9,850 shares of company stock worth $1,188,910. 0.22% of the stock is owned by corporate insiders.

Phillips 66 Stock Up 0.3%

Shares of Phillips 66 stock opened at $139.45 on Friday. The stock has a market cap of $56.35 billion, a price-to-earnings ratio of 33.52, a PEG ratio of 1.98 and a beta of 1.15. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $142.35. The firm’s 50-day moving average is $127.94 and its two-hundred day moving average is $120.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 0.79.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, July 25th. The oil and gas company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.59. The business had revenue of $33.77 billion during the quarter, compared to the consensus estimate of $32.11 billion. Phillips 66 had a return on equity of 4.87% and a net margin of 1.27%.During the same period in the previous year, the company posted $2.31 earnings per share. As a group, research analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, August 19th. Phillips 66’s dividend payout ratio is currently 115.38%.

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.