Phillips 66 $PSX Shares Bought by QTR Family Wealth LLC

QTR Family Wealth LLC raised its position in Phillips 66 (NYSE:PSX) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,646 shares of the oil and gas company’s stock after acquiring an additional 130 shares during the quarter. QTR Family Wealth LLC’s holdings in Phillips 66 were worth $316,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC grew its position in Phillips 66 by 62.1% in the second quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 82 shares in the last quarter. von Borstel & Associates Inc. acquired a new stake in Phillips 66 in the first quarter valued at approximately $27,000. Olde Wealth Management LLC acquired a new stake in Phillips 66 in the first quarter valued at approximately $28,000. Opal Wealth Advisors LLC acquired a new stake in Phillips 66 in the first quarter valued at approximately $29,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in Phillips 66 in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Phillips 66 stock opened at $136.06 on Wednesday. The company has a market cap of $54.98 billion, a PE ratio of 32.71, a P/E/G ratio of 1.95 and a beta of 1.15. The company has a fifty day moving average price of $128.37 and a two-hundred day moving average price of $120.32. 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 has a 12 month low of $91.01 and a 12 month high of $142.35.

Phillips 66 (NYSE:PSX) last released 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 firm had revenue of $33.77 billion during the quarter, compared to the consensus estimate of $32.11 billion. Phillips 66 had a net margin of 1.27% and a return on equity of 4.87%. During the same quarter in the previous year, the company posted $2.31 earnings per share. Research analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, August 19th. Phillips 66’s dividend payout ratio (DPR) is presently 115.38%.

Analyst Upgrades and Downgrades

PSX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. set a $115.00 price target on shares of Phillips 66 in a research report on Wednesday, June 18th. UBS Group raised their price target on shares of Phillips 66 from $143.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Barclays raised their price target on shares of Phillips 66 from $115.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 9th. Piper Sandler raised their price target on shares of Phillips 66 from $154.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, TD Cowen raised their price target on shares of Phillips 66 from $130.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $139.44.

Insider Buying and Selling

In other Phillips 66 news, EVP Vanessa Allen Sutherland sold 4,393 shares of the firm’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $140.00, for a total value of $615,020.00. Following the sale, the executive vice president directly owned 34,587 shares in the company, valued at approximately $4,842,180. This trade represents a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gregory Hayes bought 8,350 shares of the business’s 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 completion of the purchase, the director directly owned 29,423 shares of the company’s stock, valued at $3,527,817.70. The trade was a 39.62% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 9,850 shares of company stock valued at $1,188,910 and have sold 13,179 shares valued at $1,779,165. 0.22% of the stock is owned by insiders.

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.