Sigma Planning Corp Has $1.27 Million Holdings in Phillips 66 $PSX

Sigma Planning Corp cut its position in shares of Phillips 66 (NYSE:PSX) by 13.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,679 shares of the oil and gas company’s stock after selling 1,595 shares during the quarter. Sigma Planning Corp’s holdings in Phillips 66 were worth $1,274,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PSX. Wolff Wiese Magana LLC increased its position in shares of Phillips 66 by 62.1% during the second quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock worth $26,000 after buying an additional 82 shares during the period. Pinpoint Asset Management Ltd acquired a new stake in shares of Phillips 66 during the first quarter worth $29,000. Webster Bank N. A. increased its position in shares of Phillips 66 by 58.8% during the second quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $32,000 after buying an additional 100 shares during the period. Nova Wealth Management Inc. bought a new position in Phillips 66 during the first quarter worth $37,000. Finally, GKV Capital Management Co. Inc. boosted its stake in 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 worth $41,000 after acquiring an additional 174 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Phillips 66

In related news, EVP Vanessa Allen Sutherland sold 4,393 shares of the firm’s stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $140.00, for a total transaction of $615,020.00. Following the transaction, the executive vice president directly 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregory Hayes purchased 8,350 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were purchased at an average cost of $119.90 per share, for a total transaction of $1,001,165.00. Following the completion of the transaction, the director directly owned 29,423 shares of the company’s stock, valued at $3,527,817.70. This represents a 39.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.22% of the stock is owned by company insiders.

Phillips 66 Stock Up 0.1%

Phillips 66 stock opened at $135.95 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.60. The firm’s fifty day moving average price is $133.02 and its two-hundred day moving average price is $124.26. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $142.35. The firm has a market capitalization of $54.78 billion, a price-to-earnings ratio of 37.14, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results 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. Phillips 66 had a net margin of 1.12% and a return on equity of 5.51%. The company had revenue of $33.69 billion for the quarter, compared to analyst estimates of $32.29 billion. During the same period last year, the firm earned $2.04 earnings per share. On average, equities research analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

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

Analyst Upgrades and Downgrades

PSX has been the topic of several research analyst reports. Wells Fargo & Company increased their target price on shares of Phillips 66 from $154.00 to $162.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Jefferies Financial Group increased their target price on shares of Phillips 66 from $133.00 to $137.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Raymond James Financial reissued an “outperform” rating and set a $150.00 target price (up from $145.00) on shares of Phillips 66 in a research note on Friday, October 17th. Zacks Research lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. Finally, UBS Group increased their target price on shares of Phillips 66 from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, Phillips 66 has a consensus rating of “Hold” and an average price target of $143.56.

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.