Phillips 66 $PSX Stock Holdings Trimmed by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC lessened its position in Phillips 66 (NYSE:PSX) by 9.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,219 shares of the oil and gas company’s stock after selling 238 shares during the period. Teamwork Financial Advisors LLC’s holdings in Phillips 66 were worth $265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PSX. Forum Financial Management LP grew its holdings in shares of Phillips 66 by 1.0% in the 4th quarter. Forum Financial Management LP now owns 7,486 shares of the oil and gas company’s stock worth $853,000 after acquiring an additional 77 shares during the last quarter. WealthTrust Axiom LLC grew its holdings in shares of Phillips 66 by 1.1% during the first quarter. WealthTrust Axiom LLC now owns 7,241 shares of the oil and gas company’s stock valued at $894,000 after buying an additional 81 shares in the last quarter. CWC Advisors LLC. boosted its position in Phillips 66 by 1.0% during the fourth quarter. CWC Advisors LLC. now owns 9,743 shares of the oil and gas company’s stock valued at $1,110,000 after purchasing an additional 92 shares during the last quarter. Hager Investment Management Services LLC boosted its position in Phillips 66 by 7.2% during the first quarter. Hager Investment Management Services LLC now owns 1,438 shares of the oil and gas company’s stock valued at $178,000 after purchasing an additional 96 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in Phillips 66 by 14.4% during the first quarter. Golden State Wealth Management LLC now owns 772 shares of the oil and gas company’s stock valued at $95,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Price Performance

NYSE PSX opened at $130.77 on Friday. Phillips 66 has a twelve month low of $91.01 and a twelve month 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. The stock has a market capitalization of $52.85 billion, a PE ratio of 31.44, a P/E/G ratio of 2.06 and a beta of 1.15. The stock has a 50-day simple moving average of $126.95 and a 200 day simple moving average of $119.55.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, July 25th. The oil and gas company reported $2.38 earnings per share 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 business had revenue of $33.77 billion during the quarter, compared to analysts’ expectations of $32.11 billion. During the same quarter in the previous year, the firm earned $2.31 EPS. Research analysts anticipate that Phillips 66 will post 6.8 EPS for the current 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 analysts recently issued reports on the company. Wall Street Zen raised Phillips 66 from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Barclays lifted their price objective on Phillips 66 from $115.00 to $127.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Raymond James Financial boosted their price target on Phillips 66 from $142.00 to $145.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 9th. Argus raised Phillips 66 to a “strong-buy” rating in a research report on Thursday, July 31st. Finally, Cantor Fitzgerald assumed coverage on Phillips 66 in a research report on Wednesday, June 18th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and an average price target of $136.40.

Insider Buying and Selling at Phillips 66

In related news, 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 transaction of $1,225,000.00. Following the completion of the transaction, the executive vice president owned 56,838 shares of the company’s stock, valued at approximately $7,104,750. The trade was a 14.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory Hayes acquired 8,350 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average cost of $119.90 per share, with a total value of $1,001,165.00. Following the transaction, the director directly owned 29,423 shares in the company, valued at $3,527,817.70. The trade was a 39.62% increase in their position. The disclosure for this purchase 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 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.