Vanguard Personalized Indexing Management LLC Acquires 9,292 Shares of Phillips 66 $PSX

Vanguard Personalized Indexing Management LLC lifted its position in Phillips 66 (NYSE:PSX) by 16.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 65,533 shares of the oil and gas company’s stock after acquiring an additional 9,292 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Phillips 66 were worth $8,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Phillips 66 by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 51,930,038 shares of the oil and gas company’s stock valued at $6,701,052,000 after purchasing an additional 205,480 shares in the last quarter. State Street Corp raised its stake in shares of Phillips 66 by 0.8% in the fourth quarter. State Street Corp now owns 23,589,550 shares of the oil and gas company’s stock valued at $3,043,996,000 after purchasing an additional 175,616 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Phillips 66 by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 10,413,824 shares of the oil and gas company’s stock valued at $1,338,596,000 after purchasing an additional 45,340 shares in the last quarter. Norges Bank acquired a new position in shares of Phillips 66 in the fourth quarter valued at $640,206,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Phillips 66 by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,944,561 shares of the oil and gas company’s stock valued at $509,006,000 after purchasing an additional 89,621 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Kevin J. Mitchell sold 600 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $171.56, for a total value of $102,936.00. Following the completion of the sale, the chief financial officer directly owned 97,376 shares in the company, valued at approximately $16,705,826.56. This trade represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Kevin Omar Meyers bought 175 shares of the stock in a transaction dated Wednesday, May 6th. The stock was acquired at an average price of $173.12 per share, with a total value of $30,296.00. Following the completion of the purchase, the director owned 16,799 shares of the company’s stock, valued at $2,908,242.88. This represents a 1.05% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders sold 45,629 shares of company stock valued at $8,071,540. 0.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays upped their target price on Phillips 66 from $158.00 to $177.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Guggenheim upgraded Phillips 66 to an “outperform” rating in a research note on Wednesday, May 27th. UBS Group restated a “buy” rating and issued a $212.00 target price on shares of Phillips 66 in a research note on Monday. Mizuho upgraded Phillips 66 from a “neutral” rating to an “outperform” rating and upped their target price for the company from $170.00 to $212.00 in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. upped their target price on Phillips 66 from $188.00 to $202.00 in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $192.33.

Phillips 66 Stock Performance

Phillips 66 stock opened at $172.90 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a fifty day moving average price of $172.42 and a two-hundred day moving average price of $158.19. Phillips 66 has a 52-week low of $118.00 and a 52-week high of $190.61. The firm has a market capitalization of $69.32 billion, a P/E ratio of 17.03, a P/E/G ratio of 0.26 and a beta of 0.68.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $1.03. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The firm had revenue of $32.54 billion during the quarter, compared to analyst estimates of $35.86 billion. During the same period in the prior year, the company posted ($0.90) earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts anticipate that Phillips 66 will post 17.95 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a $1.27 dividend. The ex-dividend date was Monday, May 18th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.9%. Phillips 66’s dividend payout ratio (DPR) is 50.05%.

About Phillips 66

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.