nVerses Capital LLC Acquires Shares of 200 Phillips 66 (NYSE:PSX)

nVerses Capital LLC bought a new position in Phillips 66 (NYSE:PSX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 200 shares of the oil and gas company’s stock, valued at approximately $26,000.

Several other institutional investors have also recently made changes to their positions in PSX. Crewe Advisors LLC bought a new position in shares of Phillips 66 in the first quarter valued at approximately $25,000. Keener Financial Planning LLC bought a new position in Phillips 66 in the 1st quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in Phillips 66 in the 2nd quarter valued at $26,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Phillips 66 during the 1st quarter valued at $28,000. Finally, Ruedi Wealth Management Inc. raised its stake in shares of Phillips 66 by 102.1% during the 1st quarter. Ruedi Wealth Management Inc. now owns 190 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 96 shares during the period. Institutional investors own 76.93% of the company’s stock.

Insider Activity

In related news, CFO Kevin J. Mitchell sold 30,000 shares of Phillips 66 stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $139.01, for a total transaction of $4,170,300.00. Following the completion of the sale, the chief financial officer now owns 81,937 shares of the company’s stock, valued at approximately $11,390,062.37. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PSX. Bank of America began coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They set a “buy” rating and a $156.00 price target for the company. Raymond James increased their target price on shares of Phillips 66 from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Barclays lowered their price target on shares of Phillips 66 from $138.00 to $133.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 8th. Morgan Stanley reduced their price objective on Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Finally, Mizuho lowered their target price on Phillips 66 from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $149.50.

Phillips 66 Stock Performance

Shares of PSX opened at $129.12 on Thursday. Phillips 66 has a 52-week low of $107.85 and a 52-week high of $174.08. The stock’s 50-day simple moving average is $132.85 and its 200 day simple moving average is $139.57. 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 stock has a market capitalization of $54.74 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 5.68 and a beta of 1.33.

Phillips 66 (NYSE:PSX) last announced 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 period in the prior year, the firm posted $3.87 earnings per share. Research analysts forecast that Phillips 66 will post 7.81 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Monday, November 18th. Phillips 66’s payout ratio is 35.38%.

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.