Catalina Capital Group LLC Acquires 307 Shares of Phillips 66 (NYSE:PSX)

Catalina Capital Group LLC lifted its holdings in Phillips 66 (NYSE:PSX) by 11.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,097 shares of the oil and gas company’s stock after purchasing an additional 307 shares during the quarter. Catalina Capital Group LLC’s holdings in Phillips 66 were worth $437,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Madison Park Capital Advisors LLC grew its holdings in Phillips 66 by 3.0% in the 1st quarter. Madison Park Capital Advisors LLC now owns 2,346 shares of the oil and gas company’s stock valued at $383,000 after buying an additional 68 shares in the last quarter. Premier Path Wealth Partners LLC grew its holdings in Phillips 66 by 1.6% in the 1st quarter. Premier Path Wealth Partners LLC now owns 4,464 shares of the oil and gas company’s stock valued at $729,000 after buying an additional 71 shares in the last quarter. Warwick Investment Management Inc. grew its holdings in Phillips 66 by 3.1% in the 4th quarter. Warwick Investment Management Inc. now owns 2,395 shares of the oil and gas company’s stock valued at $319,000 after buying an additional 73 shares in the last quarter. MV Capital Management Inc. grew its holdings in Phillips 66 by 9.6% in the 1st quarter. MV Capital Management Inc. now owns 837 shares of the oil and gas company’s stock valued at $137,000 after buying an additional 73 shares in the last quarter. Finally, HCR Wealth Advisors grew its holdings in Phillips 66 by 2.9% in the 4th quarter. HCR Wealth Advisors now owns 2,640 shares of the oil and gas company’s stock valued at $351,000 after buying an additional 74 shares in the last quarter. 76.93% of the stock is owned by institutional investors.

Phillips 66 Price Performance

Shares of PSX stock traded up $2.21 on Friday, hitting $135.37. 1,911,904 shares of the company’s stock were exchanged, compared to its average volume of 2,640,957. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.79. Phillips 66 has a 12 month low of $107.85 and a 12 month high of $174.08. The stock has a market cap of $57.39 billion, a P/E ratio of 10.41, a price-to-earnings-growth ratio of 2.43 and a beta of 1.34. The company has a 50 day moving average of $137.92 and a 200 day moving average of $145.57.

Phillips 66 (NYSE:PSX) last posted its earnings results on Tuesday, July 30th. The oil and gas company reported $2.31 EPS for the quarter, beating the consensus estimate of $1.98 by $0.33. The firm had revenue of $38.91 billion during the quarter, compared to the consensus estimate of $37.79 billion. Phillips 66 had a return on equity of 16.77% and a net margin of 3.32%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $3.87 earnings per share. On average, equities research analysts predict that Phillips 66 will post 9.53 EPS for the current year.

Phillips 66 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be given a $1.15 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $4.60 annualized dividend and a yield of 3.40%. Phillips 66’s dividend payout ratio is presently 35.38%.

Wall Street Analyst Weigh In

PSX has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on Phillips 66 from $180.00 to $176.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Raymond James increased their target price on Phillips 66 from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Piper Sandler reduced their target price on Phillips 66 from $170.00 to $151.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Scotiabank reduced their target price on Phillips 66 from $156.00 to $145.00 and set a “sector outperform” rating on the stock in a report on Friday, July 12th. Finally, Mizuho reduced their target price on Phillips 66 from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $157.38.

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $139.01, for a total value of $4,170,300.00. Following the completion of the transaction, the chief financial officer now directly owns 81,937 shares in the company, valued at $11,390,062.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.22% of the company’s stock.

About Phillips 66

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.