Huntleigh Advisors Inc. Purchases 500 Shares of Phillips 66 (NYSE:PSX)

Huntleigh Advisors Inc. grew its position in shares of Phillips 66 (NYSE:PSX) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,208 shares of the oil and gas company’s stock after buying an additional 500 shares during the quarter. Huntleigh Advisors Inc.’s holdings in Phillips 66 were worth $2,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PSX. Cohen & Steers Inc. grew its position in Phillips 66 by 40.3% during the 4th quarter. Cohen & Steers Inc. now owns 91,663 shares of the oil and gas company’s stock worth $10,443,000 after acquiring an additional 26,318 shares during the last quarter. American Assets Investment Management LLC grew its holdings in shares of Phillips 66 by 2.3% during the fourth quarter. American Assets Investment Management LLC now owns 130,800 shares of the oil and gas company’s stock worth $14,902,000 after purchasing an additional 3,000 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Phillips 66 in the fourth quarter valued at $168,790,000. LBP AM SA raised its holdings in shares of Phillips 66 by 217.9% in the fourth quarter. LBP AM SA now owns 68,923 shares of the oil and gas company’s stock valued at $7,852,000 after buying an additional 47,242 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in Phillips 66 during the 4th quarter worth about $4,333,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Up 0.3%

NYSE:PSX opened at $126.80 on Friday. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $150.12. The firm has a market capitalization of $51.66 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average price is $116.48 and its two-hundred day moving average price is $116.98.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.97). Phillips 66 had a return on equity of 4.83% and a net margin of 1.32%. The firm had revenue of $31.92 billion for the quarter, compared to analyst estimates of $31.93 billion. During the same quarter in the previous year, the firm posted $1.90 earnings per share. Equities research analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Monday, May 19th. This is a positive change from Phillips 66’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 3.79%. Phillips 66’s payout ratio is currently 109.34%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PSX. TD Cowen raised their price target on Phillips 66 from $114.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, May 13th. Morgan Stanley dropped their price target on shares of Phillips 66 from $140.00 to $122.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Tudor Pickering lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 22nd. UBS Group lowered their target price on shares of Phillips 66 from $144.00 to $140.00 and set a “buy” rating for the company in a report on Monday, April 28th. Finally, Evercore ISI assumed coverage on Phillips 66 in a research note on Wednesday, June 18th. They issued an “outperform” rating and a $130.00 price target on the stock. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Phillips 66 has a consensus rating of “Moderate Buy” and an average price target of $133.93.

Insider Transactions at Phillips 66

In other Phillips 66 news, EVP Brian Mandell sold 9,800 shares of the company’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $125.00, for a total value of $1,225,000.00. Following the sale, the executive vice president owned 56,838 shares in the company, valued at $7,104,750. This represents a 14.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert W. Pease acquired 439 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of $113.85 per share, with a total value of $49,980.15. Following the completion of the transaction, the director owned 4,091 shares of the company’s stock, valued at approximately $465,760.35. The trade was a 12.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by corporate insiders.

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.