Vanguard Capital Wealth Advisors Lowers Position in Phillips 66 (NYSE:PSX)

Vanguard Capital Wealth Advisors reduced its stake in Phillips 66 (NYSE:PSX) by 6.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,387 shares of the oil and gas company’s stock after selling 286 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Phillips 66 were worth $584,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its position in Phillips 66 by 3,825.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,727 shares of the oil and gas company’s stock valued at $207,000 after acquiring an additional 1,683 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Phillips 66 by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 282,152 shares of the oil and gas company’s stock worth $33,901,000 after acquiring an additional 5,380 shares during the last quarter. FAS Wealth Partners Inc. raised its stake in Phillips 66 by 7.0% in the third quarter. FAS Wealth Partners Inc. now owns 5,129 shares of the oil and gas company’s stock valued at $616,000 after buying an additional 337 shares in the last quarter. Atlas Private Wealth Management lifted its stake in Phillips 66 by 2.7% during the third quarter. Atlas Private Wealth Management now owns 12,073 shares of the oil and gas company’s stock worth $1,451,000 after purchasing an additional 317 shares during the last quarter. Finally, Defender Capital LLC. purchased a new position in shares of Phillips 66 in the 3rd quarter valued at $245,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Price Performance

NYSE PSX traded down $8.33 during mid-day trading on Tuesday, hitting $143.21. The stock had a trading volume of 3,763,627 shares, compared to its average volume of 2,983,768. The company has a 50 day simple moving average of $155.70 and a 200 day simple moving average of $137.52. The company has a market cap of $61.27 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 1.83 and a beta of 1.37. Phillips 66 has a 52-week low of $89.74 and a 52-week high of $174.08. 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 (NYSE:PSX) last announced its quarterly earnings results 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 19.07%. During the same quarter in the prior year, the business earned $4.21 EPS. Equities analysts forecast that Phillips 66 will post 13.77 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently disclosed 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. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.21%. This is a boost from Phillips 66’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Friday, May 17th. Phillips 66’s dividend payout ratio (DPR) is 32.31%.

Insider Activity at Phillips 66

In other Phillips 66 news, VP Joseph Scott Pruitt sold 5,922 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $157.40, for a total transaction of $932,122.80. Following the completion of the transaction, the vice president now owns 6,583 shares of the company’s stock, valued at $1,036,164.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Phillips 66 news, VP Joseph Scott Pruitt sold 5,922 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $157.40, for a total transaction of $932,122.80. Following the sale, the vice president now directly owns 6,583 shares of the company’s stock, valued at approximately $1,036,164.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert W. Pease acquired 682 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was purchased at an average cost of $146.58 per share, with a total value of $99,967.56. Following the transaction, the director now owns 1,900 shares of the company’s stock, valued at $278,502. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 35,056 shares of company stock valued at $5,272,681. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup started coverage on Phillips 66 in a report on Wednesday, January 24th. They set a “buy” rating on the stock. Piper Sandler boosted their price objective on Phillips 66 from $169.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. StockNews.com downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating in a research report on Saturday. Mizuho lowered their price objective on shares of Phillips 66 from $167.00 to $162.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. Finally, Raymond James raised their price target on Phillips 66 from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Phillips 66 currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.43.

Phillips 66 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.