O Shaughnessy Asset Management LLC Raises Stock Holdings in Phillips 66 $PSX

O Shaughnessy Asset Management LLC boosted its position in shares of Phillips 66 (NYSE:PSX) by 19.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 188,953 shares of the oil and gas company’s stock after buying an additional 30,274 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Phillips 66 were worth $24,382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new stake in shares of Phillips 66 in the fourth quarter worth about $26,000. Accordant Advisory Group Inc lifted its holdings in Phillips 66 by 900.0% in the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock worth $26,000 after buying an additional 180 shares during the period. Eagle Bay Advisors LLC bought a new stake in shares of Phillips 66 in the 4th quarter worth approximately $27,000. Stephens Consulting LLC grew its position in shares of Phillips 66 by 67.7% in the 4th quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock worth $29,000 after buying an additional 90 shares during the last quarter. Finally, Dorato Capital Management purchased a new position in shares of Phillips 66 during the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Analysts Set New Price Targets

PSX has been the topic of a number of research analyst reports. Zacks Research raised shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. The Goldman Sachs Group lifted their target price on shares of Phillips 66 from $192.00 to $207.00 and gave the company a “neutral” rating in a research note on Tuesday, May 19th. Citigroup boosted their price target on shares of Phillips 66 from $159.00 to $183.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Jefferies Financial Group raised their price objective on shares of Phillips 66 from $173.00 to $191.00 and gave the stock a “hold” rating in a report on Tuesday, May 26th. Finally, Tudor Pickering raised Phillips 66 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Phillips 66 has an average rating of “Moderate Buy” and a consensus target price of $191.28.

Phillips 66 Stock Up 0.1%

NYSE:PSX opened at $183.21 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.13. The firm has a market cap of $73.46 billion, a P/E ratio of 18.05, a P/E/G ratio of 0.27 and a beta of 0.68. Phillips 66 has a fifty-two week low of $114.54 and a fifty-two week high of $190.61. The firm has a 50-day simple moving average of $172.74 and a two-hundred day simple moving average of $156.62.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share for the quarter, topping the consensus estimate of ($0.54) by $1.03. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The firm had revenue of $32.54 billion during the quarter, compared to analysts’ expectations of $35.86 billion. During the same quarter in the previous year, the business earned ($0.90) earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Analysts predict that Phillips 66 will post 17.64 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a $1.27 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.8%. Phillips 66’s dividend payout ratio (DPR) is presently 50.05%.

Insider Buying and Selling at Phillips 66

In other news, Director Lisa Ann Davis sold 3,800 shares of Phillips 66 stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $174.37, for a total transaction of $662,606.00. Following the transaction, the director directly owned 8,701 shares of the company’s stock, valued at $1,517,193.37. The trade was a 30.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin J. Mitchell sold 29,400 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $170.00, for a total transaction of $4,998,000.00. Following the completion of the sale, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at $16,553,920. This represents a 23.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 92,229 shares of company stock worth $15,990,030. 0.40% of the stock is owned by corporate insiders.

Phillips 66 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.