Phillips 66 $PSX Shares Sold by Aull & Monroe Investment Management Corp

Aull & Monroe Investment Management Corp decreased its position in shares of Phillips 66 (NYSE:PSX) by 15.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,287 shares of the oil and gas company’s stock after selling 790 shares during the period. Aull & Monroe Investment Management Corp’s holdings in Phillips 66 were worth $511,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wolff Wiese Magana LLC increased its stake in shares of Phillips 66 by 62.1% during the second quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock worth $26,000 after buying an additional 82 shares during the period. von Borstel & Associates Inc. purchased a new stake in shares of Phillips 66 during the first quarter worth approximately $27,000. Olde Wealth Management LLC purchased a new stake in shares of Phillips 66 during the first quarter worth approximately $28,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Phillips 66 during the first quarter worth approximately $29,000. Finally, Pinpoint Asset Management Ltd purchased a new position in shares of Phillips 66 in the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Up 0.7%

Shares of PSX stock opened at $129.21 on Friday. The business’s 50 day moving average is $130.43 and its two-hundred day moving average is $120.79. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $142.35. The company has a market capitalization of $52.22 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 1.79 and a beta of 1.11. The company has a current ratio of 1.07, a quick ratio of 0.79 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 company had revenue of $33.77 billion for the quarter, compared to the consensus estimate of $32.11 billion. During the same period last year, the business posted $2.31 EPS. Equities analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a $1.20 dividend. The ex-dividend date is Monday, November 17th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.7%. Phillips 66’s payout ratio is 115.38%.

Analysts Set New Price Targets

A number of research firms have recently commented on PSX. Argus upgraded Phillips 66 to a “strong-buy” rating in a report on Thursday, July 31st. Bank of America downgraded Phillips 66 from a “buy” rating to a “neutral” rating and increased their price objective for the company from $144.00 to $147.00 in a report on Wednesday, September 3rd. UBS Group raised their price target on Phillips 66 from $143.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Morgan Stanley raised their price target on Phillips 66 from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, October 3rd. Finally, Wells Fargo & Company assumed coverage on Phillips 66 in a research note on Friday. They set an “overweight” rating and a $154.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.50.

Insiders Place Their Bets

In other Phillips 66 news, Director Gregory Hayes purchased 8,350 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average cost 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 in the company, valued at $3,527,817.70. This represents a 39.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael A. Heim purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 30th. The stock was acquired at an average price of $125.97 per share, for a total transaction of $125,970.00. Following the completion of the purchase, the director owned 12,043 shares of the company’s stock, valued at approximately $1,517,056.71. This represents a 9.06% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 9,850 shares of company stock valued at $1,188,910 in the last three months. 0.22% of the stock is owned by corporate insiders.

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.