Motco Buys 189 Shares of Phillips 66 $PSX

Motco increased its stake in Phillips 66 (NYSE:PSX) by 25.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 938 shares of the oil and gas company’s stock after purchasing an additional 189 shares during the quarter. Motco’s holdings in Phillips 66 were worth $116,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. New York Life Investment Management LLC raised its holdings in Phillips 66 by 0.3% in the 2nd quarter. New York Life Investment Management LLC now owns 55,453 shares of the oil and gas company’s stock worth $6,616,000 after purchasing an additional 188 shares during the period. Howard Capital Management Inc. raised its holdings in Phillips 66 by 12.1% in the 2nd quarter. Howard Capital Management Inc. now owns 2,761 shares of the oil and gas company’s stock worth $329,000 after purchasing an additional 299 shares during the period. Purkiss Capital Advisors LLC raised its holdings in Phillips 66 by 88.1% in the 2nd quarter. Purkiss Capital Advisors LLC now owns 4,248 shares of the oil and gas company’s stock worth $507,000 after purchasing an additional 1,990 shares during the period. GWN Securities Inc. increased its stake in Phillips 66 by 131.2% in the 2nd quarter. GWN Securities Inc. now owns 6,224 shares of the oil and gas company’s stock worth $746,000 after buying an additional 3,532 shares in the last quarter. Finally, Advisory Alpha LLC increased its stake in Phillips 66 by 6.1% in the 2nd quarter. Advisory Alpha LLC now owns 3,083 shares of the oil and gas company’s stock worth $368,000 after buying an additional 176 shares in the last quarter. 76.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on PSX. Citigroup lowered Phillips 66 from a “buy” rating to a “neutral” rating and increased their price target for the stock from $126.00 to $130.00 in a research note on Wednesday, July 16th. Morgan Stanley increased their price target on Phillips 66 from $128.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, October 3rd. Bank of America lowered Phillips 66 from a “buy” rating to a “neutral” rating and increased their price target for the stock from $144.00 to $147.00 in a research note on Wednesday, September 3rd. Barclays increased their price target on Phillips 66 from $127.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Finally, UBS Group increased their price target on Phillips 66 from $143.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.50.

Insider Transactions at Phillips 66

In related news, Director Gregory Hayes purchased 8,350 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average price of $119.90 per share, for a total transaction of $1,001,165.00. Following the completion of the transaction, the director owned 29,423 shares in the company, valued at approximately $3,527,817.70. The trade was a 39.62% increase in their position. The purchase was disclosed in a filing with the SEC, 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 value of $615,020.00. Following the completion of the transaction, the executive vice president owned 34,587 shares of the company’s stock, valued at approximately $4,842,180. This represents a 11.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.22% of the company’s stock.

Phillips 66 Trading Up 3.2%

Shares of Phillips 66 stock opened at $137.96 on Thursday. The firm has a market cap of $55.75 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 1.75 and a beta of 1.11. The business has a 50-day moving average price of $132.28 and a 200-day moving average price of $122.90. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $142.35.

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 for the quarter, beating analysts’ consensus estimates of $2.14 by $0.38. The firm had revenue of $33.69 billion during the quarter, compared to analyst estimates of $32.29 billion. Phillips 66 had a return on equity of 4.87% and a net margin of 1.27%.During the same quarter last year, the business posted $2.04 earnings per share. Equities research analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given 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 3.5%. Phillips 66’s dividend payout ratio (DPR) is presently 115.38%.

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.