Olistico Wealth LLC Acquires 480 Shares of Phillips 66 $PSX

Olistico Wealth LLC lifted its stake in Phillips 66 (NYSE:PSX) by 192.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 729 shares of the oil and gas company’s stock after purchasing an additional 480 shares during the period. Olistico Wealth LLC’s holdings in Phillips 66 were worth $87,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC grew its position in shares of Phillips 66 by 1.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 9,886 shares of the oil and gas company’s stock worth $1,179,000 after buying an additional 160 shares during the period. Oak Hill Wealth Advisors LLC raised its holdings in Phillips 66 by 6.2% in the second quarter. Oak Hill Wealth Advisors LLC now owns 8,405 shares of the oil and gas company’s stock worth $1,093,000 after purchasing an additional 493 shares during the period. 111 Capital acquired a new stake in Phillips 66 in the second quarter worth $303,000. ZWJ Investment Counsel Inc. boosted its position in shares of Phillips 66 by 6.2% during the second quarter. ZWJ Investment Counsel Inc. now owns 285,629 shares of the oil and gas company’s stock worth $34,076,000 after purchasing an additional 16,573 shares in the last quarter. Finally, Segment Wealth Management LLC grew its holdings in shares of Phillips 66 by 1.6% in the 2nd quarter. Segment Wealth Management LLC now owns 13,922 shares of the oil and gas company’s stock valued at $1,661,000 after buying an additional 222 shares during the period. Institutional investors own 76.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael A. Heim purchased 1,000 shares of Phillips 66 stock in a transaction that occurred on Wednesday, July 30th. The stock was purchased at an average cost of $125.97 per share, with a total value of $125,970.00. Following the completion of the transaction, the director owned 12,043 shares of the company’s stock, valued at approximately $1,517,056.71. This trade represents a 9.06% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vanessa Allen Sutherland sold 4,393 shares of the company’s stock in a transaction that occurred 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 owned 34,587 shares in the company, valued at approximately $4,842,180. This represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 9,850 shares of company stock worth $1,188,910 and have sold 13,179 shares worth $1,779,165. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Raymond James Financial raised their price objective on Phillips 66 from $142.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 9th. Jefferies Financial Group raised their price target on Phillips 66 from $130.00 to $133.00 and gave the stock a “hold” rating in a research report on Monday, September 15th. Argus upgraded Phillips 66 to a “strong-buy” rating in a research report on Thursday, July 31st. Evercore ISI raised their target price on shares of Phillips 66 from $130.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Finally, Morgan Stanley lifted their price target on shares of Phillips 66 from $128.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus target price of $140.19.

Phillips 66 Trading Down 1.3%

NYSE PSX opened at $133.14 on Friday. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $142.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.07. The stock’s 50 day moving average price is $128.89 and its two-hundred day moving average price is $120.43. The stock has a market capitalization of $53.80 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 1.93 and a beta of 1.11.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, July 25th. The oil and gas company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.59. The company had revenue of $33.77 billion for 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 period last year, the company earned $2.31 earnings per share. As a group, analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, August 19th. Phillips 66’s dividend payout ratio is currently 115.38%.

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.