274 Shares in Phillips 66 (NYSE:PSX) Bought by Olistico Wealth LLC

Olistico Wealth LLC bought a new stake in shares of Phillips 66 (NYSE:PSX) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 274 shares of the oil and gas company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Crewe Advisors LLC acquired a new stake in shares of Phillips 66 during the 1st quarter worth approximately $25,000. Keener Financial Planning LLC bought a new position in shares of Phillips 66 during the first quarter worth about $26,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Phillips 66 in the 4th quarter worth about $27,000. Redmont Wealth Advisors LLC bought a new stake in Phillips 66 in the 1st quarter valued at about $28,000. Finally, First United Bank & Trust acquired a new position in Phillips 66 during the 4th quarter valued at about $31,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Stock Performance

NYSE:PSX traded down $0.18 during midday trading on Wednesday, reaching $132.90. The stock had a trading volume of 2,103,808 shares, compared to its average volume of 2,676,478. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.82. The firm’s fifty day simple moving average is $138.55 and its 200-day simple moving average is $146.02. The stock has a market capitalization of $55.63 billion, a P/E ratio of 10.42, a PEG ratio of 2.37 and a beta of 1.34. Phillips 66 has a 1-year low of $107.85 and a 1-year high of $174.08.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, July 30th. The oil and gas company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.33. The company had revenue of $38.91 billion during the quarter, compared to analyst estimates of $37.79 billion. Phillips 66 had a return on equity of 16.77% and a net margin of 3.32%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.87 earnings per share. On average, equities research analysts forecast that Phillips 66 will post 9.5 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Tuesday, August 20th. Phillips 66’s dividend payout ratio is currently 35.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Argus restated a “buy” rating and issued a $167.00 price target on shares of Phillips 66 in a research note on Thursday, May 30th. Mizuho lowered their target price on Phillips 66 from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. Wells Fargo & Company lowered their target price on shares of Phillips 66 from $180.00 to $176.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. TD Cowen upped their price target on shares of Phillips 66 from $155.00 to $162.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Phillips 66 from $165.00 to $162.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.38.

Insider Activity at Phillips 66

In related news, EVP Timothy D. Roberts sold 37,742 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $145.80, for a total value of $5,502,783.60. Following the completion of the transaction, the executive vice president now directly owns 48,365 shares in the company, valued at $7,051,617. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is owned by corporate insiders.

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.