Phillips 66 $PSX Holdings Lifted by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Phillips 66 (NYSE:PSX) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,572,986 shares of the oil and gas company’s stock after buying an additional 37,569 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.63% of Phillips 66 worth $317,712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PSX. Pacific Center for Financial Services purchased a new position in shares of Phillips 66 during the fourth quarter valued at $27,000. von Borstel & Associates Inc. purchased a new position in shares of Phillips 66 during the first quarter valued at $27,000. Olde Wealth Management LLC purchased a new position in Phillips 66 in the first quarter valued at about $28,000. Wood Tarver Financial Group LLC purchased a new position in Phillips 66 in the fourth quarter valued at about $29,000. Finally, Opal Wealth Advisors LLC purchased a new position in Phillips 66 in the first quarter valued at about $29,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, Director Gregory Hayes acquired 8,350 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average price of $119.90 per share, with a total value of $1,001,165.00. Following the transaction, the director owned 29,423 shares of the company’s stock, valued at approximately $3,527,817.70. This trade represents a 39.62% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brian Mandell sold 9,800 shares of the business’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $125.00, for a total value of $1,225,000.00. Following the transaction, the executive vice president directly owned 56,838 shares of the company’s stock, valued at $7,104,750. This represents a 14.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 9,850 shares of company stock worth $1,188,910 and have sold 18,586 shares worth $2,389,145. 0.22% of the stock is currently owned by company insiders.

Phillips 66 Stock Performance

PSX opened at $131.35 on Thursday. The company has a market cap of $53.08 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 2.06 and a beta of 1.15. The stock has a 50-day moving average of $126.75 and a 200-day moving average of $119.52. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $140.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.07.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, July 25th. The oil and gas company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.59. Phillips 66 had a return on equity of 4.87% and a net margin of 1.27%.The company had revenue of $33.77 billion during the quarter, compared to the consensus estimate of $32.11 billion. During the same quarter in the prior year, the company posted $2.31 EPS. As a group, equities research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, August 19th. Phillips 66’s payout ratio is currently 115.38%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Tudor Pickering downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Evercore ISI assumed coverage on Phillips 66 in a research note on Wednesday, June 18th. They issued an “outperform” rating and a $130.00 target price on the stock. Barclays boosted their target price on Phillips 66 from $115.00 to $127.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 9th. Wells Fargo & Company lowered their target price on Phillips 66 from $149.00 to $147.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 11th. Finally, Citigroup downgraded Phillips 66 from a “buy” rating to a “neutral” rating and boosted their target price for the company from $126.00 to $130.00 in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Phillips 66 has a consensus rating of “Moderate Buy” and a consensus price target of $135.80.

Phillips 66 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.