Phillips 66 (NYSE:PSX) Shares Sold by Opus Capital Group LLC


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Opus Capital Group LLC cut its holdings in shares of Phillips 66 (NYSE:PSX) by 16.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,619 shares of the oil and gas company’s stock after selling 500 shares during the period. Opus Capital Group LLC’s holdings in Phillips 66 were worth $214,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Ninety One UK Ltd boosted its holdings in Phillips 66 by 9.4% in the 4th quarter. Ninety One UK Ltd now owns 277,477 shares of the oil and gas company’s stock worth $19,407,000 after buying an additional 23,808 shares during the last quarter. FDx Advisors Inc. boosted its holdings in Phillips 66 by 8.0% in the 1st quarter. FDx Advisors Inc. now owns 36,855 shares of the oil and gas company’s stock worth $3,005,000 after buying an additional 2,741 shares during the last quarter. Associated Banc Corp boosted its holdings in Phillips 66 by 12.9% in the 4th quarter. Associated Banc Corp now owns 234,124 shares of the oil and gas company’s stock worth $16,375,000 after buying an additional 26,675 shares during the last quarter. Stolper Co boosted its holdings in Phillips 66 by 30.1% in the 4th quarter. Stolper Co now owns 39,866 shares of the oil and gas company’s stock worth $2,788,000 after buying an additional 9,232 shares during the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in Phillips 66 by 26.5% in the 1st quarter. Wedbush Securities Inc. now owns 16,874 shares of the oil and gas company’s stock worth $1,376,000 after buying an additional 3,539 shares during the last quarter. Hedge funds and other institutional investors own 64.56% of the company’s stock.

In other Phillips 66 news, CEO Greg C. Garland sold 158,500 shares of Phillips 66 stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $88.50, for a total value of $14,027,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.63% of the company’s stock.

Several equities research analysts recently issued reports on the company. Cowen lowered their price objective on Phillips 66 from $83.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, February 1st. Morgan Stanley boosted their target price on Phillips 66 from $82.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, March 17th. Citigroup boosted their target price on Phillips 66 from $81.00 to $99.00 in a report on Wednesday, March 17th. UBS Group assumed coverage on Phillips 66 in a report on Tuesday, January 26th. They set a “buy” rating and a $66.00 target price on the stock. Finally, Zacks Investment Research upgraded Phillips 66 from a “sell” rating to a “hold” rating and set a $89.00 target price on the stock in a report on Thursday, March 4th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $83.00.

PSX traded down $1.16 on Tuesday, hitting $82.78. The company had a trading volume of 45,633 shares, compared to its average volume of 2,794,835. The firm has a market cap of $36.25 billion, a P/E ratio of -13.60, a PEG ratio of 3.65 and a beta of 1.67. Phillips 66 has a 1 year low of $43.27 and a 1 year high of $90.59. The company’s fifty day moving average price is $80.65 and its 200 day moving average price is $71.30. The company has a current ratio of 1.22, a quick ratio of 0.75 and a debt-to-equity ratio of 0.57.

Phillips 66 (NYSE:PSX) last released its earnings results on Thursday, April 29th. The oil and gas company reported ($1.16) earnings per share for the quarter, beating the consensus estimate of ($1.40) by $0.24. Phillips 66 had a positive return on equity of 3.38% and a negative net margin of 3.45%. During the same period in the prior year, the company posted $1.02 earnings per share. On average, analysts predict that Phillips 66 will post -0.65 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Monday, February 22nd were given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.35%. The ex-dividend date was Friday, February 19th. Phillips 66’s dividend payout ratio is currently 44.72%.

About Phillips 66

Phillips 66 operates as an energy manufacturing and logistics company. 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.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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