Vise Technologies Inc. Purchases 4,758 Shares of Phillips 66 $PSX

Vise Technologies Inc. boosted its position in Phillips 66 (NYSE:PSX) by 30.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,327 shares of the oil and gas company’s stock after purchasing an additional 4,758 shares during the quarter. Vise Technologies Inc.’s holdings in Phillips 66 were worth $2,623,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new stake in Phillips 66 in the 4th quarter valued at $26,000. Accordant Advisory Group Inc boosted its stake in Phillips 66 by 900.0% in the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 180 shares during the period. Eagle Bay Advisors LLC bought a new stake in Phillips 66 in the 4th quarter valued at $27,000. Stephens Consulting LLC boosted its stake in Phillips 66 by 67.7% in the 4th quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 90 shares during the period. Finally, Dorato Capital Management bought a new stake in Phillips 66 in the 4th quarter valued at $35,000. 76.93% of the stock is currently owned by institutional investors.

Phillips 66 Stock Performance

NYSE:PSX opened at $183.30 on Friday. The stock has a fifty day moving average price of $172.76 and a 200-day moving average price of $156.17. The company has a market cap of $73.49 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 0.27 and a beta of 0.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.13. Phillips 66 has a fifty-two week low of $112.95 and a fifty-two week high of $190.61.

Phillips 66 (NYSE:PSX) last released its earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.03. The firm had revenue of $32.54 billion during the quarter, compared to the consensus estimate of $35.86 billion. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.90) EPS. As a group, equities analysts anticipate that Phillips 66 will post 17.64 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a dividend of $1.27 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.8%. Phillips 66’s payout ratio is 50.05%.

Insiders Place Their Bets

In other news, EVP Brian Mandell sold 42,800 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $169.53, for a total transaction of $7,255,884.00. Following the completion of the transaction, the executive vice president owned 61,595 shares of the company’s stock, valued at approximately $10,442,200.35. The trade was a 41.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin J. Mitchell sold 29,400 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $170.00, for a total value of $4,998,000.00. Following the transaction, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at $16,553,920. This trade represents a 23.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 92,229 shares of company stock worth $15,990,030 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PSX shares. Weiss Ratings downgraded Phillips 66 from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wolfe Research boosted their price target on Phillips 66 from $187.00 to $193.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Tudor Pickering upgraded Phillips 66 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. TD Cowen upped their target price on Phillips 66 from $155.00 to $213.00 and gave the company a “buy” rating in a research report on Wednesday, April 1st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $180.00 target price on shares of Phillips 66 in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $191.28.

Phillips 66 Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.