Diversified Trust Co Sells 6,292 Shares of Phillips 66 (NYSE:PSX)

Diversified Trust Co lowered its stake in Phillips 66 (NYSE:PSX) by 28.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,700 shares of the oil and gas company’s stock after selling 6,292 shares during the period. Diversified Trust Co’s holdings in Phillips 66 were worth $2,216,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Manning & Napier Advisors LLC bought a new stake in shares of Phillips 66 during the 2nd quarter worth approximately $17,670,000. Duality Advisers LP bought a new stake in Phillips 66 during the first quarter worth $3,596,000. Daiwa Securities Group Inc. boosted its holdings in shares of Phillips 66 by 27.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 48,601 shares of the oil and gas company’s stock valued at $6,470,000 after purchasing an additional 10,536 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Phillips 66 by 42.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 133,736 shares of the oil and gas company’s stock valued at $21,844,000 after purchasing an additional 39,775 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Phillips 66 by 14.3% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 289,395 shares of the oil and gas company’s stock worth $38,530,000 after buying an additional 36,116 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Buying and Selling at Phillips 66

In related news, EVP Timothy D. Roberts sold 37,742 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was 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 of the company’s stock, valued at $7,051,617. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com cut Phillips 66 from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Barclays raised their price target on shares of Phillips 66 from $136.00 to $138.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Mizuho reduced their price objective on shares of Phillips 66 from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Thursday, June 20th. JPMorgan Chase & Co. lowered their target price on Phillips 66 from $165.00 to $162.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Finally, Wells Fargo & Company reduced their price target on Phillips 66 from $180.00 to $176.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus target price of $157.38.

Phillips 66 Stock Up 1.0 %

PSX stock traded up $1.33 during midday trading on Wednesday, reaching $135.99. 77,119 shares of the company’s stock traded hands, compared to its average volume of 2,646,938. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The firm’s fifty day moving average price is $138.15 and its 200-day moving average price is $146.04. Phillips 66 has a 52 week low of $107.85 and a 52 week high of $174.08. The company has a market cap of $56.92 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 2.33 and a beta of 1.34.

Phillips 66 (NYSE:PSX) last posted its earnings results on Tuesday, July 30th. The oil and gas company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.98 by $0.33. The company had revenue of $38.91 billion during the quarter, compared to the consensus estimate of $37.79 billion. Phillips 66 had a net margin of 3.32% and a return on equity of 16.77%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.87 earnings per share. As a group, sell-side analysts forecast that Phillips 66 will post 9.53 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors 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 yield of 3.38%. The ex-dividend date is Tuesday, August 20th. Phillips 66’s dividend payout ratio (DPR) is presently 35.38%.

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.