Kestra Private Wealth Services LLC Acquires 854 Shares of Phillips 66 (NYSE:PSX)

Kestra Private Wealth Services LLC boosted its holdings in Phillips 66 (NYSE:PSX) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,261 shares of the oil and gas company’s stock after purchasing an additional 854 shares during the period. Kestra Private Wealth Services LLC’s holdings in Phillips 66 were worth $15,878,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PSX. DekaBank Deutsche Girozentrale grew its holdings in Phillips 66 by 12.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 201,592 shares of the oil and gas company’s stock valued at $26,501,000 after purchasing an additional 22,278 shares during the period. Eldred Rock Partners LLC bought a new stake in Phillips 66 in the 4th quarter valued at about $10,402,000. Choate Investment Advisors purchased a new stake in Phillips 66 during the third quarter valued at about $247,000. First Dallas Securities Inc. purchased a new stake in Phillips 66 during the third quarter valued at about $753,000. Finally, TIAA Trust National Association boosted its position in Phillips 66 by 32.9% during the fourth quarter. TIAA Trust National Association now owns 14,816 shares of the oil and gas company’s stock worth $1,973,000 after purchasing an additional 3,670 shares during the period. Institutional investors own 76.93% of the company’s stock.

Analysts Set New Price Targets

PSX has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price target on shares of Phillips 66 from $149.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Barclays raised their price target on Phillips 66 from $139.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, April 18th. StockNews.com cut Phillips 66 from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup started coverage on Phillips 66 in a report on Wednesday, January 24th. They set a “buy” rating for the company. Finally, The Goldman Sachs Group increased their price target on shares of Phillips 66 from $152.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Phillips 66 has a consensus rating of “Moderate Buy” and a consensus price target of $158.00.

Phillips 66 Price Performance

NYSE:PSX traded up $0.11 during midday trading on Monday, hitting $151.52. The company had a trading volume of 2,822,009 shares, compared to its average volume of 2,974,238. The company has a market capitalization of $64.82 billion, a PE ratio of 11.66, a P/E/G ratio of 1.83 and a beta of 1.37. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 0.56. Phillips 66 has a 52-week low of $89.74 and a 52-week high of $174.08. The stock’s fifty day moving average price is $155.70 and its 200-day moving average price is $137.52.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, April 26th. The oil and gas company reported $1.90 earnings per share (EPS) 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 return on equity of 19.07% and a net margin of 3.84%. During the same quarter in the previous year, the company posted $4.21 earnings per share. As a group, research analysts expect that Phillips 66 will post 13.77 earnings per share for the current year.

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be paid a dividend of $1.15 per share. The ex-dividend date is Friday, May 17th. This is an increase from Phillips 66’s previous quarterly dividend of $1.05. This represents a $4.60 annualized dividend and a dividend yield of 3.04%. Phillips 66’s dividend payout ratio (DPR) is 32.31%.

Insider Transactions at Phillips 66

In other Phillips 66 news, Director Robert W. Pease purchased 682 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was acquired at an average cost of $146.58 per share, for a total transaction of $99,967.56. Following the completion of the transaction, the director now directly owns 1,900 shares in the company, valued at approximately $278,502. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Robert W. Pease acquired 682 shares of the stock in a transaction on Thursday, February 15th. The stock was purchased at an average price of $146.58 per share, for a total transaction of $99,967.56. Following the completion of the transaction, the director now owns 1,900 shares of the company’s stock, valued at approximately $278,502. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Richard G. Harbison sold 21,934 shares of Phillips 66 stock in a transaction 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 transaction, the executive vice president now directly owns 24,941 shares in the company, valued at $3,648,120.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,056 shares of company stock worth $5,272,681. 0.22% of the stock is currently owned by insiders.

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.