Lenox Wealth Advisors LLC Acquires 332 Shares of Phillips 66 (NYSE:PSX)

Lenox Wealth Advisors LLC lifted its holdings in shares of Phillips 66 (NYSE:PSX) by 235.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473 shares of the oil and gas company’s stock after purchasing an additional 332 shares during the period. Lenox Wealth Advisors LLC’s holdings in Phillips 66 were worth $48,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PSX. Nuveen Asset Management LLC boosted its holdings in Phillips 66 by 3,861.0% in the second quarter. Nuveen Asset Management LLC now owns 3,744,797 shares of the oil and gas company’s stock worth $350,288,000 after acquiring an additional 3,650,256 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Phillips 66 by 19.7% in the second quarter. Wells Fargo & Company MN now owns 10,863,480 shares of the oil and gas company’s stock worth $1,016,170,000 after acquiring an additional 1,790,537 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Phillips 66 by 54.9% in the first quarter. AQR Capital Management LLC now owns 3,332,763 shares of the oil and gas company’s stock worth $315,479,000 after acquiring an additional 1,181,277 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Phillips 66 by 3.3% in the second quarter. Vanguard Group Inc. now owns 36,451,696 shares of the oil and gas company’s stock worth $3,409,691,000 after acquiring an additional 1,172,468 shares in the last quarter. Finally, Waddell & Reed Financial Inc. boosted its holdings in Phillips 66 by 248.3% in the second quarter. Waddell & Reed Financial Inc. now owns 1,511,127 shares of the oil and gas company’s stock worth $141,351,000 after acquiring an additional 1,077,246 shares in the last quarter. Institutional investors own 68.71% of the company’s stock.

Shares of PSX stock traded up $0.96 during trading hours on Friday, reaching $99.83. The company had a trading volume of 75,602 shares, compared to its average volume of 2,631,264. Phillips 66 has a 12 month low of $78.44 and a 12 month high of $119.14. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.28 and a quick ratio of 0.82. The business has a fifty day simple moving average of $100.46 and a 200-day simple moving average of $95.19. The company has a market cap of $45.32 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 2.07 and a beta of 1.07.

Phillips 66 (NYSE:PSX) last posted its earnings results on Friday, July 26th. The oil and gas company reported $3.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.70 by $0.32. Phillips 66 had a return on equity of 19.75% and a net margin of 4.76%. The company had revenue of $28.52 billion for the quarter, compared to analyst estimates of $29.89 billion. During the same quarter last year, the company earned $2.80 earnings per share. On average, equities research analysts expect that Phillips 66 will post 7.5 earnings per share for the current year.

Several research analysts have issued reports on PSX shares. Citigroup upgraded Phillips 66 from a “neutral” rating to a “buy” rating in a report on Friday, June 21st. JPMorgan Chase & Co. cut their price target on Phillips 66 from $126.00 to $115.00 and set an “overweight” rating on the stock in a report on Tuesday, September 10th. Macquarie started coverage on Phillips 66 in a report on Thursday, September 5th. They issued an “outperform” rating on the stock. Cowen increased their price target on Phillips 66 from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Raymond James increased their price target on Phillips 66 from $110.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Phillips 66 presently has a consensus rating of “Buy” and an average price target of $113.50.

In other news, EVP Robert A. Herman sold 47,433 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $103.17, for a total value of $4,893,662.61. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.13% of the stock is owned by company insiders.

Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market; provides terminaling and storage services for crude oil and 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.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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