Strategic Planning Group LLC Acquires 14,870 Shares of Phillips 66 $PSX

Strategic Planning Group LLC raised its stake in shares of Phillips 66 (NYSE:PSX) by 38.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,972 shares of the oil and gas company’s stock after purchasing an additional 14,870 shares during the period. Strategic Planning Group LLC’s holdings in Phillips 66 were worth $7,341,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in Phillips 66 by 238.5% in the fourth quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company’s stock valued at $1,166,000 after acquiring an additional 7,214 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Phillips 66 by 2.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 9,963 shares of the oil and gas company’s stock worth $1,230,000 after purchasing an additional 266 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Phillips 66 by 45.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,743 shares of the oil and gas company’s stock valued at $7,488,000 after purchasing an additional 19,059 shares during the last quarter. Kestra Investment Management LLC increased its position in shares of Phillips 66 by 1,142.6% during the first quarter. Kestra Investment Management LLC now owns 584 shares of the oil and gas company’s stock worth $72,000 after buying an additional 537 shares during the period. Finally, MBB Public Markets I LLC bought a new position in Phillips 66 during the first quarter worth $305,000. Institutional investors own 76.93% of the company’s stock.

Analyst Ratings Changes

PSX has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Phillips 66 in a research report on Wednesday, October 8th. Raymond James Financial cut their target price on Phillips 66 from $169.00 to $160.00 and set an “outperform” rating on the stock in a research report on Monday, December 22nd. Mizuho lifted their target price on Phillips 66 from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Jefferies Financial Group boosted their price target on Phillips 66 from $133.00 to $137.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Finally, Wolfe Research raised their price objective on shares of Phillips 66 from $158.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus target price of $147.82.

Insider Activity

In related news, CFO Kevin J. Mitchell sold 30,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer owned 89,771 shares in the company, valued at $12,388,398. This represents a 25.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brian Mandell sold 25,500 shares of Phillips 66 stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $140.04, for a total value of $3,571,020.00. Following the transaction, the executive vice president owned 56,838 shares of the company’s stock, valued at $7,959,593.52. This trade represents a 30.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 81,700 shares of company stock valued at $11,318,236. 0.22% of the stock is currently owned by insiders.

Phillips 66 Price Performance

Shares of NYSE:PSX opened at $137.91 on Thursday. The stock’s 50 day moving average is $135.59 and its 200-day moving average is $130.99. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $144.96. The company has a quick ratio of 0.87, a current ratio of 1.23 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $55.57 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 0.36 and a beta of 0.90.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Wednesday, October 29th. The oil and gas company reported $2.52 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 5.53%. The business had revenue of $33.69 billion during the quarter, compared to analyst estimates of $32.29 billion. During the same quarter in the previous year, the business posted $2.04 EPS. Sell-side analysts forecast that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Company 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.