Savant Capital LLC Purchases 14,251 Shares of Phillips 66 $PSX

Savant Capital LLC increased its position in shares of Phillips 66 (NYSE:PSX) by 69.7% in the second quarter, Holdings Channel reports. The institutional investor owned 34,696 shares of the oil and gas company’s stock after buying an additional 14,251 shares during the period. Savant Capital LLC’s holdings in Phillips 66 were worth $4,139,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elliott Investment Management L.P. boosted its position in Phillips 66 by 1,929.0% during the 1st quarter. Elliott Investment Management L.P. now owns 15,725,000 shares of the oil and gas company’s stock worth $1,941,723,000 after acquiring an additional 14,950,000 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Phillips 66 by 9,530.9% in the second quarter. Valeo Financial Advisors LLC now owns 1,446,469 shares of the oil and gas company’s stock valued at $172,564,000 after purchasing an additional 1,431,450 shares during the last quarter. Nuveen LLC bought a new stake in shares of Phillips 66 in the first quarter worth $156,482,000. Price T Rowe Associates Inc. MD lifted its position in shares of Phillips 66 by 11.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,709,108 shares of the oil and gas company’s stock worth $828,442,000 after purchasing an additional 682,459 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Phillips 66 by 15.9% during the first quarter. Invesco Ltd. now owns 4,765,866 shares of the oil and gas company’s stock worth $588,489,000 after purchasing an additional 653,248 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Buying and Selling at Phillips 66

In related news, EVP Vanessa Allen Sutherland sold 4,393 shares of Phillips 66 stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $140.00, for a total transaction of $615,020.00. Following the completion of the sale, the executive vice president owned 34,587 shares of the company’s stock, valued at approximately $4,842,180. The trade was a 11.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gregory Hayes purchased 8,350 shares of the firm’s stock in a transaction that occurred 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 purchase, the director owned 29,423 shares in the company, valued at $3,527,817.70. The trade was a 39.62% increase in their position. The SEC filing for this purchase provides additional information. 0.22% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on PSX. Zacks Research lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Piper Sandler raised their price objective on Phillips 66 from $155.00 to $159.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Argus raised Phillips 66 to a “strong-buy” rating in a research report on Thursday, July 31st. Citigroup lowered Phillips 66 from a “buy” rating to a “neutral” rating and upped their target price for the stock from $126.00 to $130.00 in a report on Wednesday, July 16th. Finally, Wells Fargo & Company raised their price target on Phillips 66 from $154.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, Phillips 66 currently has an average rating of “Hold” and an average price target of $143.56.

Phillips 66 Price Performance

Shares of NYSE PSX opened at $137.80 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average price is $133.20 and its two-hundred day moving average price is $124.96. The company has a market cap of $55.52 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $142.35.

Phillips 66 (NYSE:PSX) last issued its earnings results on Wednesday, October 29th. The oil and gas company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.14 by $0.38. The company had revenue of $33.69 billion during the quarter, compared to the consensus estimate of $32.29 billion. Phillips 66 had a return on equity of 5.51% and a net margin of 1.12%.During the same period in the previous year, the company posted $2.04 EPS. On average, analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, November 17th. Phillips 66’s payout ratio is 131.15%.

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.