449 Shares in Phillips 66 $PSX Acquired by Livelsberger Financial Advisory

Livelsberger Financial Advisory bought a new position in Phillips 66 (NYSE:PSX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 449 shares of the oil and gas company’s stock, valued at approximately $54,000. Phillips 66 makes up about 1.0% of Livelsberger Financial Advisory’s investment portfolio, making the stock its 23rd biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. von Borstel & Associates Inc. bought a new stake in shares of Phillips 66 in the 1st quarter worth approximately $27,000. Olde Wealth Management LLC bought a new stake in shares of Phillips 66 in the 1st quarter worth approximately $28,000. Opal Wealth Advisors LLC bought a new stake in shares of Phillips 66 in the 1st quarter worth approximately $29,000. Pacific Center for Financial Services bought a new stake in shares of Phillips 66 in the 4th quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of Phillips 66 in the 1st quarter worth approximately $29,000. 76.93% of the stock is currently owned by institutional investors.

Phillips 66 Stock Down 1.3%

Phillips 66 stock opened at $130.77 on Monday. 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 firm has a market cap of $52.85 billion, a PE ratio of 31.44, a P/E/G ratio of 1.95 and a beta of 1.15. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $140.60. The firm’s 50 day moving average price is $126.95 and its two-hundred day moving average price is $119.49.

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

Phillips 66 Dividend Announcement

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

Insider Buying and Selling

In other Phillips 66 news, EVP Vanessa Allen Sutherland sold 4,393 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $135.00, for a total value of $593,055.00. Following the completion of the sale, the executive vice president directly owned 38,980 shares of the company’s stock, valued at $5,262,300. The trade was a 10.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gregory Hayes bought 8,350 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was acquired at an average cost of $119.90 per share, with a total value of $1,001,165.00. Following the completion of the transaction, the director directly owned 29,423 shares of the company’s stock, valued at approximately $3,527,817.70. This represents a 39.62% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 9,850 shares of company stock valued at $1,188,910 and sold 18,586 shares valued at $2,389,145. 0.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Bank of America lowered shares of Phillips 66 from a “buy” rating to a “neutral” rating and boosted their price target for the company from $144.00 to $147.00 in a report on Wednesday, September 3rd. Barclays boosted their price target on shares of Phillips 66 from $115.00 to $127.00 and gave the company an “equal weight” rating in a report on Wednesday, July 9th. Compass Point assumed coverage on shares of Phillips 66 in a report on Wednesday, June 18th. They set a “buy” rating on the stock. Raymond James Financial boosted their price target on shares of Phillips 66 from $142.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, September 9th. Finally, JPMorgan Chase & Co. set a $115.00 price target on shares of Phillips 66 in a report on Wednesday, June 18th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and an average target price of $136.40.

About Phillips 66

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.