Personal CFO Solutions LLC Acquires Shares of 3,747 Phillips 66 $PSX

Personal CFO Solutions LLC purchased a new position in shares of Phillips 66 (NYSE:PSX) during the first quarter, HoldingsChannel reports. The firm purchased 3,747 shares of the oil and gas company’s stock, valued at approximately $683,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Board of the Pension Protection Fund purchased a new stake in Phillips 66 during the fourth quarter worth about $26,000. Accordant Advisory Group Inc increased its position in Phillips 66 by 900.0% during the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 180 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Phillips 66 in the fourth quarter valued at approximately $27,000. SWAN Capital LLC raised its holdings in Phillips 66 by 1,055.6% in the 4th quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 190 shares during the last quarter. Finally, Stephens Consulting LLC lifted its position in Phillips 66 by 67.7% during the fourth quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock worth $29,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insiders Place Their Bets

In related news, Director Kevin Omar Meyers purchased 175 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were acquired at an average price of $173.12 per share, with a total value of $30,296.00. Following the purchase, the director directly owned 16,799 shares in the company, valued at $2,908,242.88. This represents a 1.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kevin J. Mitchell sold 29,400 shares of Phillips 66 stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $170.00, for a total transaction of $4,998,000.00. Following the transaction, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at $16,553,920. This represents a 23.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Argus boosted their price objective on shares of Phillips 66 from $185.00 to $197.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Wells Fargo & Company raised their price target on shares of Phillips 66 from $163.00 to $201.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Citigroup raised their price objective on Phillips 66 from $159.00 to $183.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Morgan Stanley upped their target price on shares of Phillips 66 from $180.00 to $196.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Finally, Zacks Research cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $193.94.

Phillips 66 Stock Performance

PSX stock opened at $189.83 on Friday. The company has a market capitalization of $76.11 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 0.25 and a beta of 0.69. Phillips 66 has a 12 month low of $118.07 and a 12 month high of $190.66. The firm has a 50 day moving average of $176.08 and a two-hundred day moving average of $162.78. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.63.

Phillips 66 (NYSE:PSX) last posted its earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share for the quarter, beating the consensus estimate of ($0.54) by $1.03. The company had revenue of $32.54 billion for the quarter, compared to analyst estimates of $35.86 billion. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The business’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned ($0.90) earnings per share. As a group, equities analysts anticipate that Phillips 66 will post 19.27 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 18th will be given a dividend of $1.27 per share. The ex-dividend date is Tuesday, August 18th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.7%. Phillips 66’s payout ratio is currently 50.05%.

Phillips 66 News Roundup

Here are the key news stories impacting Phillips 66 this week:

• Positive Sentiment: Phillips 66 declared a quarterly dividend of $1.27 per share, reinforcing its shareholder-return story and likely supporting demand for the stock. Phillips 66 Announces Quarterly Dividend
• Positive Sentiment: Rising crude prices and renewed geopolitical risk in the Middle East have lifted the broader energy complex, and Phillips 66 is benefiting from expectations that tighter fuel supplies could improve refining margins. Phillips 66 (PSX) Could Be 3% Undervalued After Oil Spiked On Middle East Tensions
• Positive Sentiment: Analysts have been highlighting Phillips 66 as a strong long-term momentum name, while Barclays also recently raised its price target to $183, keeping attention on the stock’s valuation and earnings power. Why Phillips 66 (PSX) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Commentary on Phillips 66 being on the S&P 500 radar and other momentum-focused articles are adding visibility, but do not appear to reflect a material company-specific catalyst. What Puts Phillips 66 (NYSE:PSX) on the S&P 500 Radar?
• Negative Sentiment: Some headline risk remains from higher crude costs after U.S. strikes on Iran, which could pressure refining economics if feedstock prices rise faster than product prices. Phillips 66 (PSX) Stock Faces Higher Crude Costs After U.S. Strikes On Iran
• Negative Sentiment: Barclays’ updated target of $183 sits below the current share price, suggesting limited near-term upside from that firm’s perspective. Barclays price target update

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.