Wealthcare Advisory Partners LLC Boosts Stake in Phillips 66 (NYSE:PSX)

Wealthcare Advisory Partners LLC raised its position in Phillips 66 (NYSE:PSX) by 139.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,339 shares of the oil and gas company’s stock after purchasing an additional 6,595 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Phillips 66 were worth $1,852,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PSX. DekaBank Deutsche Girozentrale boosted its holdings in Phillips 66 by 12.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 201,592 shares of the oil and gas company’s stock valued at $26,501,000 after acquiring an additional 22,278 shares during the period. Eldred Rock Partners LLC acquired a new position in shares of Phillips 66 in the fourth quarter valued at approximately $10,402,000. First Dallas Securities Inc. purchased a new stake in Phillips 66 during the 3rd quarter worth approximately $753,000. TIAA Trust National Association lifted its holdings in 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 in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Phillips 66 by 27.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 48,601 shares of the oil and gas company’s stock valued at $6,470,000 after buying an additional 10,536 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Performance

Shares of Phillips 66 stock traded down $0.49 on Thursday, hitting $139.29. The stock had a trading volume of 195,998 shares, compared to its average volume of 2,721,084. The company’s 50 day moving average price is $143.81 and its 200 day moving average price is $144.53. The stock has a market cap of $59.05 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 2.08 and a beta of 1.37. 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 52-week low of $91.78 and a 52-week high of $174.08.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data 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). The firm had revenue of $36.44 billion during the quarter, compared to analysts’ expectations of $35.87 billion. Phillips 66 had a net margin of 3.84% and a return on equity of 19.19%. During the same quarter in the prior year, the firm posted $4.21 EPS. On average, research analysts anticipate that Phillips 66 will post 11.22 EPS for the current year.

Phillips 66 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were given 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 yield of 3.30%. The ex-dividend date of this dividend was Friday, May 17th. Phillips 66’s dividend payout ratio (DPR) is presently 35.38%.

Insider Buying and Selling at Phillips 66

In related news, EVP Timothy D. Roberts sold 37,742 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $145.80, for a total transaction of $5,502,783.60. Following the transaction, the executive vice president now owns 48,365 shares of the company’s stock, valued at $7,051,617. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on PSX shares. JPMorgan Chase & Co. increased their price objective on Phillips 66 from $149.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. StockNews.com downgraded Phillips 66 from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. Scotiabank raised their target price on shares of Phillips 66 from $148.00 to $156.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Mizuho decreased their price target on shares of Phillips 66 from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. Finally, Piper Sandler dropped their price objective on shares of Phillips 66 from $170.00 to $151.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.79.

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.