Phillips 66 (NYSE:PSX) Shares Purchased by Little House Capital LLC

Little House Capital LLC grew its stake in shares of Phillips 66 (NYSE:PSX) by 7.1% in the 4th quarter, HoldingsChannel reports. The firm owned 1,795 shares of the oil and gas company’s stock after acquiring an additional 119 shares during the quarter. Little House Capital LLC’s holdings in Phillips 66 were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PSX. International Assets Investment Management LLC acquired a new position in shares of Phillips 66 in the 4th quarter valued at about $254,336,000. Bank of New York Mellon Corp increased its stake in Phillips 66 by 12.4% during the third quarter. Bank of New York Mellon Corp now owns 4,570,590 shares of the oil and gas company’s stock valued at $549,156,000 after acquiring an additional 502,785 shares during the period. Bahl & Gaynor Inc. lifted its position in Phillips 66 by 41.2% in the third quarter. Bahl & Gaynor Inc. now owns 1,506,861 shares of the oil and gas company’s stock worth $181,049,000 after purchasing an additional 439,360 shares during the period. Acadian Asset Management LLC boosted its position in shares of Phillips 66 by 1,038.3% during the 3rd quarter. Acadian Asset Management LLC now owns 472,208 shares of the oil and gas company’s stock valued at $56,720,000 after acquiring an additional 430,723 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Phillips 66 by 53.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,214,738 shares of the oil and gas company’s stock valued at $145,951,000 after purchasing an additional 421,714 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Price Performance

NYSE PSX opened at $151.41 on Monday. The firm’s 50-day simple moving average is $155.55 and its two-hundred day simple moving average is $137.23. The company has a market cap of $64.78 billion, a PE ratio of 11.65, a price-to-earnings-growth 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 earnings results on Friday, April 26th. The oil and gas company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.15). The company had revenue of $36.44 billion for the quarter, compared to the consensus estimate 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 previous year, the firm earned $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 issued a dividend of $1.15 per share. This is a positive change from Phillips 66’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Friday, May 17th. Phillips 66’s dividend payout ratio is currently 32.31%.

Analysts Set New Price Targets

PSX has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Phillips 66 from $179.00 to $191.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Mizuho cut their target price on Phillips 66 from $167.00 to $162.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Barclays lifted their target price on Phillips 66 from $139.00 to $155.00 and gave the stock an “equal weight” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. increased their price objective on shares of Phillips 66 from $149.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, StockNews.com cut Phillips 66 from a “buy” rating to a “hold” rating in a research note on Saturday. Five 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.00.

Insider Activity

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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Phillips 66 news, EVP Richard G. Harbison sold 21,934 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 24,941 shares of the company’s stock, valued at $3,648,120.07. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Joseph Scott Pruitt sold 5,922 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $157.40, for a total value of $932,122.80. Following the transaction, the vice president now owns 6,583 shares of the company’s stock, valued at $1,036,164.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,056 shares of company stock valued at $5,272,681. Company insiders own 0.22% of the company’s stock.

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.