Phillips 66 $PSX Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lessened its stake in Phillips 66 (NYSE:PSX) by 0.7% in the second quarter, HoldingsChannel.com reports. The firm owned 167,999 shares of the oil and gas company’s stock after selling 1,239 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Phillips 66 were worth $20,042,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PSX. Brighton Jones LLC increased its holdings in shares of Phillips 66 by 238.5% in the 4th quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company’s stock valued at $1,166,000 after purchasing an additional 7,214 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Phillips 66 by 15.2% in the 1st quarter. GAMMA Investing LLC now owns 9,634 shares of the oil and gas company’s stock valued at $1,190,000 after purchasing an additional 1,268 shares in the last quarter. Spire Wealth Management increased its holdings in shares of Phillips 66 by 17.6% in the 1st quarter. Spire Wealth Management now owns 3,367 shares of the oil and gas company’s stock valued at $416,000 after purchasing an additional 505 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Phillips 66 by 194.7% in the 1st quarter. Golden State Wealth Management LLC now owns 1,989 shares of the oil and gas company’s stock valued at $246,000 after purchasing an additional 1,314 shares in the last quarter. Finally, Pure Financial Advisors LLC increased its holdings in shares of Phillips 66 by 9.5% in the 1st quarter. Pure Financial Advisors LLC now owns 1,995 shares of the oil and gas company’s stock valued at $246,000 after purchasing an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Shares of NYSE PSX opened at $135.07 on Friday. The company has a market cap of $54.58 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $142.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 0.79. The company has a 50-day simple moving average of $131.51 and a 200-day simple moving average of $122.00.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, July 25th. The oil and gas company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.59. The business had revenue of $33.77 billion during the quarter, compared to the consensus estimate of $32.11 billion. Phillips 66 had a net margin of 1.27% and a return on equity of 4.87%. During the same period in the previous year, the firm posted $2.31 earnings per share. On average, equities analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a dividend of $1.20 per share. The ex-dividend date is Monday, November 17th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.6%. Phillips 66’s payout ratio is 115.38%.

Insider Activity

In other news, Director Michael A. Heim purchased 1,000 shares of the stock in a transaction dated Wednesday, July 30th. The stock was acquired at an average cost of $125.97 per share, for a total transaction of $125,970.00. Following the completion of the acquisition, the director directly owned 12,043 shares in the company, valued at $1,517,056.71. This represents a 9.06% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vanessa Allen Sutherland sold 4,393 shares of Phillips 66 stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $140.00, for a total transaction of $615,020.00. Following the sale, the executive vice president owned 34,587 shares of the company’s stock, valued at approximately $4,842,180. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 9,850 shares of company stock valued at $1,188,910. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PSX has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on shares of Phillips 66 from $128.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, October 3rd. Barclays raised their target price on shares of Phillips 66 from $127.00 to $132.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Citigroup downgraded shares of Phillips 66 from a “buy” rating to a “neutral” rating and raised their target price for the company from $126.00 to $130.00 in a report on Wednesday, July 16th. Evercore ISI raised their target price on shares of Phillips 66 from $130.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, September 19th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Phillips 66 in a report on Saturday. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.50.

Phillips 66 Company 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.