Cahill Financial Advisors Inc. Sells 105 Shares of Phillips 66 (NYSE:PSX)

Cahill Financial Advisors Inc. cut its stake in shares of Phillips 66 (NYSE:PSX) by 6.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,608 shares of the oil and gas company’s stock after selling 105 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in Phillips 66 were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PSX. Crewe Advisors LLC bought a new stake in shares of Phillips 66 during the 1st quarter valued at approximately $25,000. Keener Financial Planning LLC bought a new stake in shares of Phillips 66 during the 1st quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Phillips 66 during the 2nd quarter valued at approximately $26,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Phillips 66 during the 4th quarter valued at approximately $27,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Phillips 66 during the 1st quarter valued at approximately $28,000. 76.93% of the stock is owned by institutional investors.

Phillips 66 Stock Down 0.1 %

Shares of NYSE PSX opened at $127.95 on Tuesday. The company has a market capitalization of $53.56 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 2.31 and a beta of 1.33. Phillips 66 has a 52-week low of $107.85 and a 52-week high of $174.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.79 and a current ratio of 1.14. The company’s 50 day moving average price is $136.90 and its 200-day moving average price is $144.73.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, July 30th. The oil and gas company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.33. The firm had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $37.79 billion. Phillips 66 had a net margin of 3.32% and a return on equity of 16.77%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.87 EPS. Equities analysts forecast that Phillips 66 will post 9.25 earnings per share for the current year.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.60%. Phillips 66’s payout ratio is presently 35.38%.

Insider Activity at Phillips 66

In related news, CFO Kevin J. Mitchell sold 30,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $139.01, for a total transaction of $4,170,300.00. Following the transaction, the chief financial officer now owns 81,937 shares in the company, valued at approximately $11,390,062.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PSX has been the topic of several research reports. Raymond James lifted their price target on shares of Phillips 66 from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Mizuho cut their target price on shares of Phillips 66 from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. TD Cowen lifted their target price on shares of Phillips 66 from $155.00 to $162.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. cut their target price on shares of Phillips 66 from $165.00 to $162.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Finally, Wolfe Research initiated coverage on shares of Phillips 66 in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and an average target price of $157.85.

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.