Phillips 66 (NYSE:PSX) Shares Purchased by Mitchell Mcleod Pugh & Williams Inc.

Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Phillips 66 (NYSE:PSX) by 7.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 8,301 shares of the oil and gas company’s stock after purchasing an additional 609 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Phillips 66 were worth $1,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PSX. Sigma Planning Corp grew its stake in Phillips 66 by 2.6% in the third quarter. Sigma Planning Corp now owns 13,226 shares of the oil and gas company’s stock worth $1,739,000 after purchasing an additional 340 shares in the last quarter. Covestor Ltd lifted its holdings in Phillips 66 by 25.4% during the 3rd quarter. Covestor Ltd now owns 514 shares of the oil and gas company’s stock worth $68,000 after buying an additional 104 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its position in shares of Phillips 66 by 0.8% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 16,308 shares of the oil and gas company’s stock worth $2,143,000 after acquiring an additional 124 shares in the last quarter. XML Financial LLC increased its holdings in shares of Phillips 66 by 4.4% in the 3rd quarter. XML Financial LLC now owns 17,839 shares of the oil and gas company’s stock valued at $2,345,000 after acquiring an additional 747 shares during the last quarter. Finally, Kerusso Capital Management LLC raised its position in shares of Phillips 66 by 6.4% during the 3rd quarter. Kerusso Capital Management LLC now owns 30,936 shares of the oil and gas company’s stock valued at $4,067,000 after acquiring an additional 1,858 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Shares of NYSE:PSX traded down $0.23 on Friday, hitting $126.45. The company’s stock had a trading volume of 3,126,003 shares, compared to its average volume of 2,667,594. Phillips 66 has a 12 month low of $110.54 and a 12 month high of $174.08. The stock’s 50-day moving average is $130.12 and its two-hundred day moving average is $136.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The company has a market capitalization of $52.22 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 4.17 and a beta of 1.33.

Phillips 66 (NYSE:PSX) last released its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The firm had revenue of $36.16 billion for the quarter, compared to analysts’ expectations of $36.31 billion. During the same quarter last year, the company earned $4.63 EPS. Phillips 66’s quarterly revenue was down 10.3% on a year-over-year basis. On average, equities research analysts forecast that Phillips 66 will post 7.68 EPS for the current year.

Phillips 66 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a $1.15 dividend. The ex-dividend date is Monday, November 18th. This represents a $4.60 dividend on an annualized basis and a yield of 3.64%. Phillips 66’s dividend payout ratio (DPR) is 59.05%.

Insider Buying and Selling at Phillips 66

In other news, CFO Kevin J. Mitchell sold 30,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $139.01, for a total value of $4,170,300.00. Following the sale, the chief financial officer now owns 81,937 shares of the company’s stock, valued at approximately $11,390,062.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on PSX shares. Wolfe Research assumed coverage on shares of Phillips 66 in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Mizuho lowered their price objective on shares of Phillips 66 from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Bank of America initiated coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective on the stock. Morgan Stanley decreased their target price on Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. Finally, Barclays dropped their price target on Phillips 66 from $138.00 to $133.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.38.

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.