53,681 Shares in Phillips 66 $PSX Purchased by Nordwand Advisors LLC

Nordwand Advisors LLC acquired a new stake in shares of Phillips 66 (NYSE:PSX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 53,681 shares of the oil and gas company’s stock, valued at approximately $6,404,000. Phillips 66 makes up 1.0% of Nordwand Advisors LLC’s investment portfolio, making the stock its 29th biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wolff Wiese Magana LLC raised its holdings in Phillips 66 by 62.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 82 shares during the last quarter. Pinpoint Asset Management Ltd purchased a new stake in Phillips 66 during the 1st quarter valued at $29,000. Webster Bank N. A. increased its holdings in shares of Phillips 66 by 58.8% in the 2nd quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Nova Wealth Management Inc. purchased a new position in shares of Phillips 66 in the first quarter worth $37,000. Finally, GKV Capital Management Co. Inc. lifted its holdings in shares of Phillips 66 by 111.5% during the first quarter. GKV Capital Management Co. Inc. now owns 330 shares of the oil and gas company’s stock valued at $41,000 after purchasing an additional 174 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Down 3.9%

Shares of PSX stock opened at $136.79 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.60. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $143.25. The stock has a market cap of $55.11 billion, a P/E ratio of 37.37, a P/E/G ratio of 1.81 and a beta of 1.08. The company has a 50 day simple moving average of $134.10 and a two-hundred day simple moving average of $126.43.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.14 by $0.38. Phillips 66 had a net margin of 1.12% and a return on equity of 5.51%. The firm had revenue of $33.69 billion during the quarter, compared to the consensus estimate of $32.29 billion. During the same quarter in the previous year, the firm posted $2.04 EPS. On average, research analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a $1.20 dividend. The ex-dividend date is Monday, November 17th. This represents a $4.80 dividend on an annualized basis and a yield of 3.5%. Phillips 66’s dividend payout ratio is presently 131.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PSX shares. Cowen reiterated a “buy” rating on shares of Phillips 66 in a report on Thursday, October 30th. UBS Group reiterated a “buy” rating and issued a $160.00 price target on shares of Phillips 66 in a research note on Monday, November 10th. Jefferies Financial Group boosted their price objective on shares of Phillips 66 from $133.00 to $137.00 and gave the company a “hold” rating in a report on Friday, October 10th. Evercore ISI raised their target price on shares of Phillips 66 from $130.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Finally, Wells Fargo & Company boosted their target price on shares of Phillips 66 from $154.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $145.71.

Insider Activity

In other news, EVP Vanessa Allen Sutherland sold 4,393 shares of the firm’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $140.00, for a total value of $615,020.00. Following the transaction, the executive vice president owned 34,587 shares of the company’s stock, valued at $4,842,180. This trade represents a 11.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin J. Mitchell sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $138.00, for a total value of $4,140,000.00. Following the transaction, the chief financial officer owned 89,771 shares of the company’s stock, valued at approximately $12,388,398. This trade represents a 25.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 38,786 shares of company stock worth $5,348,075 in the last ninety days. 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.