Genus Capital Management Inc. Invests $1.71 Million in Phillips 66 $PSX

Genus Capital Management Inc. acquired a new position in shares of Phillips 66 (NYSE:PSX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,225 shares of the oil and gas company’s stock, valued at approximately $1,707,000.

Other large investors have also modified their holdings of the company. Board of the Pension Protection Fund purchased a new position in Phillips 66 in the fourth quarter valued at $26,000. Accordant Advisory Group Inc increased its holdings in Phillips 66 by 900.0% in the fourth quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 180 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in Phillips 66 in the fourth quarter valued at $27,000. Stephens Consulting LLC increased its holdings in Phillips 66 by 67.7% in the fourth quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 90 shares during the last quarter. Finally, Dorato Capital Management purchased a new position in Phillips 66 in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Price Performance

Shares of PSX opened at $178.03 on Monday. Phillips 66 has a fifty-two week low of $111.19 and a fifty-two week high of $190.61. The company has a market capitalization of $71.38 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 0.26 and a beta of 0.70. The firm has a 50-day simple moving average of $172.12 and a 200-day simple moving average of $153.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.13.

Phillips 66 (NYSE:PSX) last announced its earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share for the quarter, topping the consensus estimate of ($0.54) by $1.03. Phillips 66 had a net margin of 2.99% and a return on equity of 10.98%. The business had revenue of $32.54 billion during the quarter, compared to the consensus estimate of $35.86 billion. During the same quarter in the prior year, the firm earned ($0.90) earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, equities research analysts anticipate that Phillips 66 will post 17.64 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be paid a dividend of $1.27 per share. The ex-dividend date is Monday, May 18th. This represents a $5.08 annualized dividend and a dividend yield of 2.9%. Phillips 66’s dividend payout ratio is 50.05%.

Analysts Set New Price Targets

Several research firms recently commented on PSX. Raymond James Financial increased their target price on Phillips 66 from $205.00 to $215.00 in a report on Thursday, April 30th. Argus upped their price objective on shares of Phillips 66 from $185.00 to $197.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Wall Street Zen downgraded shares of Phillips 66 from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Citigroup upped their price objective on shares of Phillips 66 from $159.00 to $183.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Finally, BMO Capital Markets upped their price objective on shares of Phillips 66 from $195.00 to $215.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus target price of $187.11.

Insider Activity

In related news, CFO Kevin J. Mitchell sold 600 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $171.56, for a total value of $102,936.00. Following the completion of the sale, the chief financial officer owned 97,376 shares in the company, valued at $16,705,826.56. This trade represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin Omar Meyers acquired 175 shares of Phillips 66 stock in a transaction that occurred on Wednesday, May 6th. The stock was purchased at an average price of $173.12 per share, with a total value of $30,296.00. Following the transaction, the director owned 16,799 shares of the company’s stock, valued at $2,908,242.88. This trade represents a 1.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 114,029 shares of company stock worth $19,641,455 in the last three months. 0.40% of the stock is currently owned by company insiders.

Phillips 66 Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.