Hills Bank & Trust Co Raises Stock Holdings in Phillips 66 (NYSE:PSX)

Hills Bank & Trust Co increased its stake in shares of Phillips 66 (NYSE:PSX) by 5.6% in the third quarter, HoldingsChannel reports. The firm owned 3,391 shares of the oil and gas company’s stock after buying an additional 180 shares during the quarter. Hills Bank & Trust Co’s holdings in Phillips 66 were worth $446,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC grew its holdings in shares of Phillips 66 by 73.2% during the first quarter. Norden Group LLC now owns 3,743 shares of the oil and gas company’s stock worth $611,000 after buying an additional 1,582 shares in the last quarter. Mission Wealth Management LP raised its holdings in Phillips 66 by 3.8% in the 1st quarter. Mission Wealth Management LP now owns 5,066 shares of the oil and gas company’s stock valued at $827,000 after acquiring an additional 187 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Phillips 66 by 42.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 133,736 shares of the oil and gas company’s stock worth $21,844,000 after purchasing an additional 39,775 shares during the period. Family Firm Inc. acquired a new stake in shares of Phillips 66 during the first quarter worth $203,000. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in shares of Phillips 66 by 6.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,005 shares of the oil and gas company’s stock valued at $3,431,000 after purchasing an additional 1,300 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Activity at Phillips 66

In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $139.01, for a total value of $4,170,300.00. Following the transaction, the chief financial officer now owns 81,937 shares in the company, valued at $11,390,062.37. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

PSX has been the topic of several recent analyst reports. Raymond James increased their target price on Phillips 66 from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. TD Cowen decreased their target price on shares of Phillips 66 from $162.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Mizuho lowered their target price on shares of Phillips 66 from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, September 16th. JPMorgan Chase & Co. cut their price target on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Finally, Barclays lowered their price objective on shares of Phillips 66 from $138.00 to $133.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.42.

Phillips 66 Trading Down 1.5 %

NYSE:PSX opened at $120.01 on Friday. Phillips 66 has a 12 month low of $110.54 and a 12 month high of $174.08. The business’s 50-day moving average is $131.27 and its two-hundred day moving average is $137.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.79. The firm has a market capitalization of $49.56 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 3.94 and a beta of 1.33.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. During the same period in the previous year, the company posted $4.63 EPS. Phillips 66’s revenue for the quarter was down 10.3% on a year-over-year basis. Research analysts predict that Phillips 66 will post 7.75 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $4.60 annualized dividend and a dividend yield of 3.83%. Phillips 66’s dividend payout ratio (DPR) is presently 59.05%.

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.