Phillips 66 $PSX Shares Bought by Autumn Glory Partners LLC

Autumn Glory Partners LLC raised its position in Phillips 66 (NYSE:PSX) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,690 shares of the oil and gas company’s stock after purchasing an additional 199 shares during the quarter. Autumn Glory Partners LLC’s holdings in Phillips 66 were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in PSX. Brighton Jones LLC increased its stake in shares of Phillips 66 by 238.5% in the fourth quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company’s stock valued at $1,166,000 after purchasing an additional 7,214 shares during the period. NBC Securities Inc. boosted its holdings in shares of Phillips 66 by 155,700.0% in the first quarter. NBC Securities Inc. now owns 1,558 shares of the oil and gas company’s stock valued at $192,000 after acquiring an additional 1,557 shares in the last quarter. Sovereign Financial Group Inc. bought a new position in shares of Phillips 66 in the first quarter valued at approximately $212,000. Independence Bank of Kentucky boosted its holdings in shares of Phillips 66 by 4.1% in the first quarter. Independence Bank of Kentucky now owns 3,451 shares of the oil and gas company’s stock valued at $426,000 after acquiring an additional 137 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its holdings in shares of Phillips 66 by 11.3% in the first quarter. Gateway Investment Advisers LLC now owns 11,836 shares of the oil and gas company’s stock valued at $1,462,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Activity

In other news, Director Michael A. Heim purchased 1,000 shares of Phillips 66 stock in a transaction that occurred on Wednesday, July 30th. The stock was acquired at an average price of $125.97 per share, for a total transaction of $125,970.00. Following the transaction, the director owned 12,043 shares in the company, valued at $1,517,056.71. The trade was a 9.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gregory Hayes bought 8,350 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was bought 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 in the company, 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. In the last quarter, insiders have acquired 9,850 shares of company stock worth $1,188,910 and have sold 13,179 shares worth $1,779,165. 0.22% of the stock is owned by corporate insiders.

Phillips 66 Trading Down 1.3%

Shares of NYSE:PSX opened at $133.14 on Monday. The stock has a market capitalization of $53.80 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 1.91 and a beta of 1.11. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $142.35. 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 company has a 50 day moving average price of $128.89 and a 200 day moving average price of $120.37.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, July 25th. The oil and gas company reported $2.38 EPS for the quarter, beating the consensus estimate of $1.79 by $0.59. The business 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 quarter in the prior year, the firm earned $2.31 EPS. On average, research analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, August 19th. Phillips 66’s dividend payout ratio is 115.38%.

Wall Street Analysts Forecast Growth

PSX has been the subject of several recent analyst reports. Scotiabank reiterated a “sector perform” rating and issued a $133.00 price objective on shares of Phillips 66 in a report on Friday, July 11th. TD Cowen increased their price objective on shares of Phillips 66 from $130.00 to $134.00 and gave the company a “buy” rating in a report on Monday, July 28th. Cantor Fitzgerald initiated coverage on shares of Phillips 66 in a report on Wednesday, June 18th. They issued a “neutral” rating for the company. Morgan Stanley increased their price objective on shares of Phillips 66 from $128.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Argus upgraded shares of Phillips 66 to a “strong-buy” rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, Phillips 66 presently has a consensus rating of “Moderate Buy” and an average target price of $140.19.

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.