Coastal Investment Advisors Inc. bought a new stake in shares of Phillips 66 (NYSE: PSX – Get Rating) in the 1st quarter, according to its latest form 13F, submitted to the Securities and Exchange Commission. The fund bought 2,398 shares of the oil and gas company worth approximately $ 207,000.
A number of other large investors also bought and sold shares in PSX. Evolution Advisers Inc. acquired a new position in Phillips 66 in the 4th quarter worth about $ 28,000. Schubert & Co acquired a new position in Phillips 66 in the 4th quarter worth about $ 29,000. First Community Trust NA increased its position in Phillips 66 by 60.6% in the first quarter. First Community Trust NA already owns 334 shares of the oil and gas company worth $ 29,000 after buying an additional 126 shares in the last quarter. Curi Wealth Management LLC acquired a new position in Phillips 66 in the 4th quarter worth about $ 31,000. Finally, Norwood Financial Corp. acquired a new position in Phillips 66 in the 4th quarter worth about $ 33,000. 64.28% of the shares are currently owned by hedge funds and other institutional investors.
In related news, EVP Robert A. Herman sold 47,200 shares of the company’s shares in a deal on Tuesday, May 31st. The shares were sold at an average price of $ 102.82, for a total transaction of $ 4,853,104.00. Following the completion of the sale, the executive vice president now directly owns 64,106 shares of the company’s stock, valued at approximately $ 6,591,378.92. The transaction was disclosed in a legal file to the Securities and Exchange Commission, which is available on the SEC website. Also, EVP Timothy D. Roberts sold 59,100 shares of the company’s shares in a deal on Wednesday, June 8th. The shares were sold at an average price of $ 110.21, for a total value of $ 6,513,411.00. Following the sale, the executive vice president now directly owns 48,201 shares in the company worth $ 5,312,232.21. The disclosure for this sale can be found here. Insiders have sold a total of 297,700 shares of the company’s stock worth $ 32,327,782 in the past 90 days. 0.74% of the shares are owned by corporate insiders.
Several research analysts weighed the shares of PSX. Citigroup began covering Phillips 66 in a research report on Tuesday, April 26th. They issued a “neutral” rating and a target share price of $ 89.00. StockNews.com raised Phillips 66 from a “hold” rating to a “buy” rating in a report on Thursday, May 5th. Credit Suisse Group raised its target for the price of Phillips 66 to $ 122.00 in a report on Thursday, June 9. BMO Capital Markets took over coverage of Phillips 66 in a report Monday, June 13th. They set a “superiority” rating and a price target of $ 132.00 for the shares. Finally, Wells Fargo & Company raised its price target for Phillips 66 from $ 114.00 to $ 127.00 and gave the company an “overweight” rating in a report on Tuesday, June 14. Three investment analysts rated the shares with a retention rating, twelve gave a rating for purchase and one issued a strong rating for the purchase of shares. According to MarketBeat.com, the shares currently have a consensus rating of “Moderate Buying” and a consensus target price of $ 104.47.
Shares of PSX opened at $ 84.20 on Friday. The stock has a 50-day moving average of $ 94.87 and a two-hundred-day moving average of $ 86.41. The company has a current ratio of 1.13, a fast ratio of 0.87 and a debt to equity ratio of 0.59. Phillips 66 has a 12-month low of $ 63.19 and a 12-month high of $ 111.28. The company has a market capitalization of $ 40.51 billion, a P / E ratio of 14.67, a P / E / G ratio of 0.60 and a beta ratio of 1.39.
Phillips 66 (NYSE: PSX – Get Rating) last announced its quarterly earnings data on Friday, April 29th. The oil and gas company reported EPS of $ 1.32 for the quarter, beating analysts’ consensus estimates of $ 1.14 by $ 0.18. The company had revenue of $ 36.72 billion in the quarter, compared to the consensus estimate of $ 34.86 billion. Phillips 66 had a return on equity of 17.07% and a net profit of 1.97%. In the same quarter last year, the company won EPS ($ 1.16). Sales analysts predict that Phillips 66 will report 12.19 earnings per share for the current fiscal year.
The business also recently announced a three-month dividend, which was paid on Wednesday (June 1st). The record investors on Monday, May 23, received a dividend of $ 0.97 per share. This represents a $ 3.88 annual dividend and a dividend yield of 4.61%. The date of the former dividend was Friday, May 20. That’s an increase from Phillips 66’s previous quarterly dividend of $ 0.92. The dividend payout ratio (DPR) of Phillips 66 is 67.60%.
About Phillips 66 (Get a rating)
Phillips 66 operates as an energy and logistics company. He works in four segments: Medium Stream, Chemicals, Refining and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other raw materials; delivers refined petroleum products to the market; provides services for terminal and storage of crude oil and refined petroleum products; transports, stores, fractionates, exports and markets natural gas liquids; provides other fee processing services; and collects, processes, transports and markets natural gas.
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