S.A. Mason LLC Sells 150 Shares of Phillips 66 (NYSE:PSX)

S.A. Mason LLC reduced its stake in shares of Phillips 66 (NYSE:PSX) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,529 shares of the oil and gas company’s stock after selling 150 shares during the period. S.A. Mason LLC’s holdings in Phillips 66 were worth $603,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. First Capital Advisors Group LLC. purchased a new stake in Phillips 66 in the second quarter worth approximately $25,000. Cornerstone Planning Group LLC grew its stake in shares of Phillips 66 by 134.8% during the third quarter. Cornerstone Planning Group LLC now owns 263 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 151 shares during the last quarter. Worth Asset Management LLC purchased a new position in shares of Phillips 66 in the first quarter worth about $32,000. Bruce G. Allen Investments LLC bought a new stake in shares of Phillips 66 in the 4th quarter valued at about $36,000. Finally, Bell Investment Advisors Inc boosted its holdings in Phillips 66 by 82.1% during the 3rd quarter. Bell Investment Advisors Inc now owns 306 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 138 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Up 1.5 %

NYSE:PSX opened at $158.96 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.26 and a quick ratio of 1.02. The firm’s 50-day moving average price is $145.66 and its 200-day moving average price is $130.14. The company has a market capitalization of $68.01 billion, a PE ratio of 10.28, a P/E/G ratio of 2.08 and a beta of 1.36. Phillips 66 has a 1-year low of $89.74 and a 1-year high of $161.42.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Wednesday, January 31st. The oil and gas company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.72. The business had revenue of $38.74 billion for the quarter, compared to analysts’ expectations of $34.30 billion. Phillips 66 had a net margin of 4.68% and a return on equity of 22.10%. On average, equities analysts predict that Phillips 66 will post 12.55 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.64%. The ex-dividend date was Friday, February 16th. Phillips 66’s dividend payout ratio is presently 27.15%.

Insider Buying and Selling at Phillips 66

In related news, EVP Richard G. Harbison sold 21,934 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $146.27, for a total value of $3,208,286.18. Following the transaction, the executive vice president now directly owns 24,941 shares of the company’s stock, valued at approximately $3,648,120.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Joseph Scott Pruitt sold 7,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $157.26, for a total transaction of $1,132,272.00. Following the completion of the transaction, the vice president now directly owns 6,583 shares of the company’s stock, valued at $1,035,242.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard G. Harbison sold 21,934 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 24,941 shares in the company, valued at approximately $3,648,120.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,309 shares of company stock worth $5,981,836. 4.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PSX shares. TD Cowen boosted their price objective on Phillips 66 from $134.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. Citigroup initiated coverage on shares of Phillips 66 in a report on Wednesday, January 24th. They issued a “buy” rating on the stock. Raymond James boosted their price target on Phillips 66 from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. The Goldman Sachs Group lifted their price objective on Phillips 66 from $152.00 to $174.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. Finally, Bank of America raised their price target on Phillips 66 from $150.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Phillips 66 has an average rating of “Moderate Buy” and an average target price of $148.69.

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.