36,458 Shares in Phillips 66 $PSX Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in shares of Phillips 66 (NYSE:PSX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 36,458 shares of the oil and gas company’s stock, valued at approximately $4,705,000.

Other large investors also recently bought and sold shares of the company. Board of the Pension Protection Fund acquired a new stake in Phillips 66 in the fourth quarter valued at $26,000. Accordant Advisory Group Inc boosted its stake in shares of Phillips 66 by 900.0% during the fourth quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 180 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in Phillips 66 during the fourth quarter worth about $27,000. Stephens Consulting LLC lifted its position in Phillips 66 by 67.7% during the fourth quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock worth $29,000 after buying an additional 90 shares during the period. Finally, Dorato Capital Management purchased a new position in Phillips 66 during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Kevin Omar Meyers bought 175 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were acquired at an average cost of $173.12 per share, for a total transaction of $30,296.00. Following the acquisition, the director directly owned 16,799 shares of the company’s stock, valued at $2,908,242.88. The trade was a 1.05% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Kevin J. Mitchell sold 29,400 shares of Phillips 66 stock in a transaction on Friday, May 8th. The shares were sold at an average price of $170.00, for a total value of $4,998,000.00. Following the transaction, the chief financial officer owned 97,376 shares in the company, valued at $16,553,920. This represents a 23.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 114,029 shares of company stock valued at $19,641,455. Insiders own 0.40% of the company’s stock.

Phillips 66 Stock Up 0.2%

Shares of Phillips 66 stock opened at $178.03 on Tuesday. Phillips 66 has a 1-year low of $111.19 and a 1-year high of $190.61. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85. The business’s fifty day moving average price is $172.20 and its two-hundred day moving average price is $153.71. The company has a market capitalization of $71.38 billion, a P/E ratio of 17.54, a PEG ratio of 0.26 and a beta of 0.70.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of ($0.54) by $1.03. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The company had revenue of $32.54 billion for the quarter, compared to the consensus estimate of $35.86 billion. During the same quarter in the previous year, the business earned ($0.90) EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, research analysts forecast that Phillips 66 will post 17.64 EPS for the current year.

Phillips 66 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, May 18th. Phillips 66’s payout ratio is currently 50.05%.

Analyst Ratings Changes

A number of research firms have recently commented on PSX. Zacks Research upgraded Phillips 66 from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Tudor Pickering upgraded Phillips 66 from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Piper Sandler raised their price objective on Phillips 66 from $168.00 to $177.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Scotiabank raised their price objective on Phillips 66 from $140.00 to $151.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Barclays lifted their target price on Phillips 66 from $158.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.11.

About Phillips 66

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.