Callan Capital LLC Has $419,000 Position in Phillips 66 (NYSE:PSX)

Callan Capital LLC grew its holdings in Phillips 66 (NYSE:PSX) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,147 shares of the oil and gas company’s stock after purchasing an additional 132 shares during the quarter. Callan Capital LLC’s holdings in Phillips 66 were worth $419,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of PSX. Exchange Traded Concepts LLC boosted its stake in Phillips 66 by 3,825.0% in the third quarter. Exchange Traded Concepts LLC now owns 1,727 shares of the oil and gas company’s stock worth $207,000 after purchasing an additional 1,683 shares in the last quarter. Strategic Blueprint LLC raised its position in shares of Phillips 66 by 9.3% during the third quarter. Strategic Blueprint LLC now owns 2,330 shares of the oil and gas company’s stock worth $280,000 after acquiring an additional 198 shares during the last quarter. UMB Bank n.a. raised its position in shares of Phillips 66 by 0.7% during the third quarter. UMB Bank n.a. now owns 42,750 shares of the oil and gas company’s stock worth $5,136,000 after acquiring an additional 278 shares during the last quarter. Czech National Bank raised its position in shares of Phillips 66 by 43.2% during the third quarter. Czech National Bank now owns 77,828 shares of the oil and gas company’s stock worth $9,351,000 after acquiring an additional 23,491 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its position in shares of Phillips 66 by 6.9% during the third quarter. Aaron Wealth Advisors LLC now owns 2,258 shares of the oil and gas company’s stock worth $271,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Transactions at Phillips 66

In other news, EVP Richard G. Harbison sold 21,934 shares of the 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 transaction, the executive vice president now owns 24,941 shares in the company, valued at $3,648,120.07. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Phillips 66 news, VP Joseph Scott Pruitt sold 7,200 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $157.26, for a total transaction of $1,132,272.00. Following the transaction, the vice president now owns 6,583 shares in the company, valued at approximately $1,035,242.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Richard G. Harbison sold 21,934 shares of the firm’s stock in a transaction 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 owns 24,941 shares in the company, valued at approximately $3,648,120.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,056 shares of company stock worth $5,272,681. Company insiders own 0.22% of the company’s stock.

Phillips 66 Stock Performance

NYSE:PSX traded down $5.72 on Friday, hitting $151.52. The company’s stock had a trading volume of 4,206,722 shares, compared to its average volume of 2,976,116. The company has a current ratio of 1.26, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average of $155.55 and a two-hundred day moving average of $136.88. The firm has a market capitalization of $64.82 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 1.91 and a beta of 1.37. Phillips 66 has a one year low of $89.74 and a one year high of $174.08.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.60 by ($0.70). Phillips 66 had a net margin of 4.68% and a return on equity of 22.10%. During the same period in the prior year, the business posted $4.21 earnings per share. Research analysts predict that Phillips 66 will post 13.77 earnings per share for the current year.

Phillips 66 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.04%. This is a positive change from Phillips 66’s previous quarterly dividend of $1.05. Phillips 66’s dividend payout ratio (DPR) is 27.15%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Phillips 66 from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Raymond James boosted their target price on Phillips 66 from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Citigroup assumed coverage on Phillips 66 in a research report on Wednesday, January 24th. They set a “buy” rating for the company. Barclays upped their price objective on Phillips 66 from $139.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 18th. Finally, Mizuho reduced their price objective on Phillips 66 from $167.00 to $162.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Phillips 66 currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.00.

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.