Phillips 66 (NYSE:PSX) Shares Sold by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors decreased its position in Phillips 66 (NYSE:PSX) by 47.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,216 shares of the oil and gas company’s stock after selling 1,974 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Phillips 66 were worth $274,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its stake in Phillips 66 by 10.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company’s stock valued at $5,349,000 after purchasing an additional 4,515 shares during the last quarter. Corps Capital Advisors LLC purchased a new position in Phillips 66 in the fourth quarter valued at approximately $412,000. Cohen & Steers Inc. increased its stake in Phillips 66 by 40.3% in the fourth quarter. Cohen & Steers Inc. now owns 91,663 shares of the oil and gas company’s stock valued at $10,443,000 after purchasing an additional 26,318 shares during the last quarter. American Assets Investment Management LLC increased its stake in Phillips 66 by 2.3% in the fourth quarter. American Assets Investment Management LLC now owns 130,800 shares of the oil and gas company’s stock valued at $14,902,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its stake in Phillips 66 by 71.3% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 21,231 shares of the oil and gas company’s stock valued at $2,419,000 after purchasing an additional 8,838 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Analyst Upgrades and Downgrades

PSX has been the topic of several recent analyst reports. Barclays increased their price target on shares of Phillips 66 from $106.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Morgan Stanley dropped their price target on shares of Phillips 66 from $140.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Mizuho increased their price target on shares of Phillips 66 from $132.00 to $138.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th. The Goldman Sachs Group lowered shares of Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price target on the stock. in a research note on Thursday, March 27th. Finally, Wall Street Zen upgraded shares of Phillips 66 from a “sell” rating to a “hold” rating in a research report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Phillips 66 has a consensus rating of “Moderate Buy” and an average price target of $135.62.

Insider Activity at Phillips 66

In related news, Director Robert W. Pease bought 439 shares of the firm’s stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of $113.85 per share, for a total transaction of $49,980.15. Following the transaction, the director now owns 4,091 shares of the company’s stock, valued at approximately $465,760.35. This trade represents a 12.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.22% of the stock is currently owned by insiders.

Phillips 66 Stock Performance

NYSE:PSX opened at $114.51 on Friday. The firm’s fifty day moving average price is $108.22 and its 200 day moving average price is $118.02. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $150.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The firm has a market cap of $46.65 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 4.84 and a beta of 1.02.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.97). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. The firm had revenue of $31.92 billion during the quarter, compared to analysts’ expectations of $31.93 billion. During the same quarter last year, the business earned $1.90 earnings per share. On average, sell-side analysts expect that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 4.19%. This is a positive change from Phillips 66’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Monday, May 19th. Phillips 66’s dividend payout ratio (DPR) is 109.34%.

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.