Vanguard Capital Wealth Advisors Has $584,000 Holdings in Phillips 66 (NYSE:PSX)

Vanguard Capital Wealth Advisors decreased its holdings in Phillips 66 (NYSE:PSX) by 6.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,387 shares of the oil and gas company’s stock after selling 286 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in Phillips 66 were worth $584,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Cardinal Capital Management grew its holdings in Phillips 66 by 0.3% in the fourth quarter. Cardinal Capital Management now owns 23,312 shares of the oil and gas company’s stock worth $3,104,000 after purchasing an additional 77 shares during the period. Aaron Wealth Advisors LLC grew its position in Phillips 66 by 3.6% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,340 shares of the oil and gas company’s stock valued at $312,000 after purchasing an additional 82 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in Phillips 66 by 1.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 6,495 shares of the oil and gas company’s stock worth $865,000 after buying an additional 86 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Phillips 66 by 0.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 22,214 shares of the oil and gas company’s stock valued at $2,958,000 after buying an additional 90 shares during the last quarter. Finally, West Branch Capital LLC raised its holdings in Phillips 66 by 49.5% in the 4th quarter. West Branch Capital LLC now owns 275 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Price Performance

Shares of PSX stock traded down $8.33 on Tuesday, hitting $143.21. 3,763,627 shares of the stock traded hands, compared to its average volume of 2,983,768. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.26 and a quick ratio of 1.02. Phillips 66 has a 52 week low of $89.74 and a 52 week high of $174.08. The firm has a 50 day simple moving average of $155.70 and a two-hundred day simple moving average of $137.52. The firm has a market cap of $61.27 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 1.83 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, April 26th. The oil and gas company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). The business had revenue of $36.44 billion for the quarter, compared to the consensus estimate of $35.87 billion. Phillips 66 had a net margin of 3.84% and a return on equity of 19.07%. During the same period in the prior year, the business earned $4.21 earnings per share. As a group, equities research analysts predict that Phillips 66 will post 13.77 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a dividend of $1.15 per share. This is a positive change from Phillips 66’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Friday, May 17th. Phillips 66’s dividend payout ratio (DPR) is 32.31%.

Analysts Set New Price Targets

A number of analysts have commented on PSX shares. StockNews.com lowered Phillips 66 from a “buy” rating to a “hold” rating in a report on Saturday. Barclays reduced their price target on shares of Phillips 66 from $155.00 to $147.00 and set an “equal weight” rating for the company in a research note on Tuesday. Raymond James increased their price objective on shares of Phillips 66 from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Citigroup initiated coverage on shares of Phillips 66 in a report on Wednesday, January 24th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Phillips 66 from $179.00 to $191.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.43.

Insider Activity

In other Phillips 66 news, EVP Richard G. Harbison sold 21,934 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $146.27, for a total value of $3,208,286.18. Following the sale, the executive vice president now owns 24,941 shares in the company, valued at approximately $3,648,120.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Joseph Scott Pruitt sold 7,200 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $157.26, for a total value of $1,132,272.00. Following the sale, the vice president now owns 6,583 shares in the company, valued at $1,035,242.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard G. Harbison sold 21,934 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $146.27, for a total transaction of $3,208,286.18. Following the transaction, the executive vice president now owns 24,941 shares of the company’s stock, valued at approximately $3,648,120.07. The disclosure for this sale can be found here. Insiders have sold a total of 35,056 shares of company stock worth $5,272,681 over the last quarter. Insiders own 0.22% of the company’s stock.

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.