Phillips 66 $PSX Shares Bought by Oak Hill Wealth Advisors LLC

Oak Hill Wealth Advisors LLC grew its holdings in shares of Phillips 66 (NYSE:PSXFree Report) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,405 shares of the oil and gas company’s stock after purchasing an additional 493 shares during the period. Oak Hill Wealth Advisors LLC’s holdings in Phillips 66 were worth $1,093,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PSX. Wolff Wiese Magana LLC grew its holdings in Phillips 66 by 62.1% during the second quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 82 shares during the period. von Borstel & Associates Inc. acquired a new position in Phillips 66 during the first quarter worth about $27,000. Olde Wealth Management LLC acquired a new position in Phillips 66 during the first quarter worth about $28,000. Opal Wealth Advisors LLC acquired a new position in Phillips 66 during the first quarter worth about $29,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in Phillips 66 in the 1st quarter worth about $29,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Phillips 66 news, Director Sigmund L. Cornelius bought 500 shares of the stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of $123.55 per share, with a total value of $61,775.00. Following the completion of the purchase, the director owned 21,543 shares in the company, valued at $2,661,637.65. The trade was a 2.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael A. Heim purchased 1,000 shares of Phillips 66 stock in a transaction dated Wednesday, July 30th. The shares were purchased at an average price of $125.97 per share, for a total transaction of $125,970.00. Following the completion of the acquisition, the director owned 12,043 shares of the company’s stock, valued at approximately $1,517,056.71. The trade was a 9.06% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 9,850 shares of company stock worth $1,188,910 and sold 13,179 shares worth $1,779,165. 0.22% of the stock is currently owned by insiders.

Phillips 66 Stock Performance

Shares of NYSE:PSX opened at $133.14 on Friday. The business has a fifty day moving average of $128.89 and a 200-day moving average of $120.49. 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 has a twelve month low of $91.01 and a twelve month high of $142.35. The firm has a market cap of $53.80 billion, a PE ratio of 32.00, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11.

Phillips 66 (NYSE:PSXGet Free Report) 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, beating analysts’ consensus estimates of $1.79 by $0.59. The business had revenue of $33.77 billion during the quarter, compared to analysts’ expectations of $32.11 billion. Phillips 66 had a return on equity of 4.87% and a net margin of 1.27%.During the same period in the previous year, the business posted $2.31 earnings per share. On average, equities research analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 19th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $4.80 annualized dividend and a yield of 3.6%. Phillips 66’s dividend payout ratio (DPR) is currently 115.38%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PSX shares. Raymond James Financial lifted their price target on Phillips 66 from $142.00 to $145.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Phillips 66 in a research note on Saturday, September 27th. Argus raised Phillips 66 to a “strong-buy” rating in a research note on Thursday, July 31st. UBS Group lifted their price target on Phillips 66 from $143.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, Barclays lifted their price target on Phillips 66 from $115.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $140.19.

Read Our Latest Research Report on PSX

Phillips 66 Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding PSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Phillips 66 (NYSE:PSXFree Report).

Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.