Wealthspire Advisors LLC Purchases 1,212 Shares of Phillips 66 (NYSE:PSX)

Wealthspire Advisors LLC lifted its holdings in shares of Phillips 66 (NYSE:PSX) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,558 shares of the oil and gas company’s stock after buying an additional 1,212 shares during the quarter. Wealthspire Advisors LLC’s holdings in Phillips 66 were worth $1,539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cardinal Capital Management boosted its position in shares of Phillips 66 by 0.3% in the 4th quarter. Cardinal Capital Management now owns 23,312 shares of the oil and gas company’s stock worth $3,104,000 after purchasing an additional 77 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in shares of Phillips 66 by 3.6% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,340 shares of the oil and gas company’s stock worth $312,000 after buying an additional 82 shares during the period. Benjamin Edwards Inc. increased its stake in shares of Phillips 66 by 3.9% in the 4th quarter. Benjamin Edwards Inc. now owns 2,271 shares of the oil and gas company’s stock valued at $302,000 after acquiring an additional 85 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Phillips 66 by 1.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 6,495 shares of the oil and gas company’s stock valued at $865,000 after acquiring an additional 86 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its stake in Phillips 66 by 2.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,186 shares of the oil and gas company’s stock worth $557,000 after acquiring an additional 89 shares during the last quarter. 76.93% of the stock is owned by institutional investors.

Insider Activity at Phillips 66

In related news, Director Robert W. Pease acquired 682 shares of Phillips 66 stock in a transaction on Thursday, February 15th. The stock was purchased at an average cost of $146.58 per share, with a total value of $99,967.56. Following the completion of the transaction, the director now directly owns 1,900 shares in the company, valued at approximately $278,502. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Robert W. Pease acquired 682 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was purchased at an average cost of $146.58 per share, for a total transaction of $99,967.56. Following the completion of the transaction, the director now directly owns 1,900 shares of the company’s stock, valued at approximately $278,502. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Joseph Scott Pruitt sold 7,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $157.26, for a total value of $1,132,272.00. Following the sale, the vice president now owns 6,583 shares of the company’s stock, valued at approximately $1,035,242.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,056 shares of company stock worth $5,272,681. Company insiders own 0.22% of the company’s stock.

Phillips 66 Stock Up 0.5 %

Shares of Phillips 66 stock traded up $0.78 during trading hours on Thursday, reaching $147.72. 2,161,848 shares of the company’s stock were exchanged, compared to its average volume of 2,931,820. The stock has a market cap of $62.63 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.82 and a beta of 1.41. The company has a 50 day moving average of $155.60 and a two-hundred day moving average of $138.84. The company has a current ratio of 1.17, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. Phillips 66 has a fifty-two week low of $89.74 and a fifty-two week high of $174.08.

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

Phillips 66 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be paid a dividend of $1.15 per share. This is an increase from Phillips 66’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Friday, May 17th. Phillips 66’s payout ratio is currently 32.31%.

Analyst Ratings Changes

Several research firms have weighed in on PSX. Barclays cut their target price on shares of Phillips 66 from $155.00 to $147.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 30th. Citigroup assumed coverage on Phillips 66 in a research note on Wednesday, January 24th. They issued a “buy” rating for the company. Mizuho dropped their price target on Phillips 66 from $167.00 to $162.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. JPMorgan Chase & Co. boosted their price objective on Phillips 66 from $149.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Finally, The Goldman Sachs Group raised their target price on shares of Phillips 66 from $152.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $157.43.

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.