SG Americas Securities LLC Has $23.64 Million Stock Position in Phillips 66 (NYSE:PSX)

SG Americas Securities LLC lessened its holdings in Phillips 66 (NYSE:PSX) by 29.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,727 shares of the oil and gas company’s stock after selling 59,174 shares during the period. SG Americas Securities LLC’s holdings in Phillips 66 were worth $23,640,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Harbour Investments Inc. lifted its stake in Phillips 66 by 3.5% during the 3rd quarter. Harbour Investments Inc. now owns 2,772 shares of the oil and gas company’s stock valued at $333,000 after acquiring an additional 93 shares in the last quarter. Trust Co. of Vermont boosted its holdings in Phillips 66 by 7.2% during the third quarter. Trust Co. of Vermont now owns 2,623 shares of the oil and gas company’s stock worth $315,000 after purchasing an additional 176 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in Phillips 66 by 4.2% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 38,175 shares of the oil and gas company’s stock worth $4,587,000 after purchasing an additional 1,552 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Phillips 66 by 6.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,725 shares of the oil and gas company’s stock worth $207,000 after buying an additional 109 shares during the last quarter. Finally, Headinvest LLC purchased a new position in shares of Phillips 66 in the 3rd quarter worth approximately $51,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Price Performance

NYSE PSX traded up $1.72 on Friday, hitting $138.64. The stock had a trading volume of 1,810,122 shares, compared to its average volume of 2,402,420. The firm has a 50-day moving average of $140.40 and a 200-day moving average of $145.02. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 1.17. Phillips 66 has a 52-week low of $98.65 and a 52-week high of $174.08. The company has a market capitalization of $58.78 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 2.18 and a beta of 1.34.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, April 26th. The oil and gas company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). Phillips 66 had a return on equity of 19.19% and a net margin of 3.84%. The business had revenue of $36.44 billion during the quarter, compared to analysts’ expectations of $35.87 billion. During the same quarter last year, the business posted $4.21 EPS. Equities analysts expect that Phillips 66 will post 10.47 EPS for the current year.

Phillips 66 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, August 20th. Phillips 66’s payout ratio is 35.38%.

Insider Buying and Selling

In other Phillips 66 news, EVP Timothy D. Roberts sold 37,742 shares of Phillips 66 stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $145.80, for a total transaction of $5,502,783.60. Following the completion of the sale, the executive vice president now directly owns 48,365 shares in the company, valued at $7,051,617. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PSX has been the topic of several research analyst reports. StockNews.com cut Phillips 66 from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. Raymond James cut their price target on shares of Phillips 66 from $163.00 to $160.00 and set an “outperform” rating on the stock in a report on Thursday, May 30th. Barclays reduced their price target on shares of Phillips 66 from $142.00 to $136.00 and set an “equal weight” rating for the company in a research report on Tuesday. Scotiabank lowered their price objective on shares of Phillips 66 from $156.00 to $145.00 and set a “sector outperform” rating on the stock in a research report on Friday. Finally, Mizuho reduced their target price on shares of Phillips 66 from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Thursday, June 20th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $155.86.

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.