First National Trust Co Buys 209 Shares of Phillips 66 (NYSE:PSX)

First National Trust Co raised its stake in shares of Phillips 66 (NYSE:PSX) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 9,274 shares of the oil and gas company’s stock after purchasing an additional 209 shares during the quarter. First National Trust Co’s holdings in Phillips 66 were worth $1,235,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. DekaBank Deutsche Girozentrale boosted its stake in Phillips 66 by 12.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 201,592 shares of the oil and gas company’s stock worth $26,501,000 after buying an additional 22,278 shares in the last quarter. Eldred Rock Partners LLC bought a new position in shares of Phillips 66 during the 4th quarter worth about $10,402,000. Choate Investment Advisors acquired a new stake in shares of Phillips 66 during the 3rd quarter valued at about $247,000. First Dallas Securities Inc. bought a new stake in shares of Phillips 66 in the 3rd quarter valued at approximately $753,000. Finally, TIAA Trust National Association lifted its position in shares of Phillips 66 by 32.9% during the 4th quarter. TIAA Trust National Association now owns 14,816 shares of the oil and gas company’s stock worth $1,973,000 after buying an additional 3,670 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Activity at Phillips 66

In other news, EVP Richard G. Harbison sold 21,934 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $146.27, for a total transaction of $3,208,286.18. Following the completion of the transaction, the executive vice president now directly owns 24,941 shares in the company, valued at approximately $3,648,120.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Joseph Scott Pruitt sold 5,922 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $157.40, for a total transaction of $932,122.80. Following the sale, the vice president now owns 6,583 shares of the company’s stock, valued at approximately $1,036,164.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard G. Harbison sold 21,934 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $146.27, for a total value of $3,208,286.18. Following the completion of the transaction, the executive vice president now directly owns 24,941 shares of the company’s stock, valued at $3,648,120.07. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,056 shares of company stock worth $5,272,681. 0.22% of the stock is owned by insiders.

Phillips 66 Trading Down 0.2 %

PSX stock traded down $0.26 during midday trading on Friday, reaching $143.61. The stock had a trading volume of 1,806,203 shares, compared to its average volume of 2,353,122. The firm has a market cap of $60.88 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 1.82 and a beta of 1.41. Phillips 66 has a twelve month low of $89.74 and a twelve month high of $174.08. The company has a quick ratio of 1.02, a current ratio of 1.17 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $155.55 and a two-hundred day simple moving average of $138.03.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). Phillips 66 had a return on equity of 19.19% and a net margin of 3.84%. The business had revenue of $36.44 billion for the quarter, compared to the consensus estimate of $35.87 billion. During the same period last year, the firm earned $4.21 earnings per share. As a group, research analysts expect that Phillips 66 will post 13.17 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be paid a dividend of $1.15 per share. The ex-dividend date is Friday, May 17th. This is a boost from Phillips 66’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.20%. Phillips 66’s payout ratio is 32.31%.

Analyst Ratings Changes

PSX has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on Phillips 66 from $179.00 to $191.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Scotiabank boosted their price target on shares of Phillips 66 from $148.00 to $156.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Bank of America raised their price objective on shares of Phillips 66 from $150.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. StockNews.com downgraded Phillips 66 from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Finally, JPMorgan Chase & Co. raised their price target on Phillips 66 from $149.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Phillips 66 has a consensus rating of “Moderate Buy” and an average target price of $157.43.

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.