5,904 Shares in Phillips 66 (NYSE:PSX) Purchased by Keynote Financial Services LLC

Keynote Financial Services LLC purchased a new stake in Phillips 66 (NYSE:PSX) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,904 shares of the oil and gas company’s stock, valued at approximately $964,000.

Other large investors also recently made changes to their positions in the company. Crewe Advisors LLC bought a new stake in Phillips 66 during the first quarter worth approximately $25,000. Keener Financial Planning LLC acquired a new position in shares of Phillips 66 in the 1st quarter worth $26,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Phillips 66 during the fourth quarter valued at $27,000. Redmont Wealth Advisors LLC acquired a new position in shares of Phillips 66 in the 1st quarter valued at $28,000. Finally, First United Bank & Trust purchased a new position in Phillips 66 in the 4th quarter worth about $31,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Down 5.1 %

Shares of PSX traded down $7.19 during trading hours on Friday, hitting $133.76. 4,078,997 shares of the company were exchanged, compared to its average volume of 2,094,396. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.82 and a current ratio of 1.14. The company has a market cap of $55.99 billion, a PE ratio of 10.29, a PEG ratio of 2.50 and a beta of 1.34. The firm’s 50 day moving average is $138.97 and its 200-day moving average is $145.84. Phillips 66 has a 52 week low of $107.41 and a 52 week high of $174.08.

Phillips 66 (NYSE:PSX) last announced its earnings results on Tuesday, July 30th. The oil and gas company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.33. Phillips 66 had a return on equity of 16.77% and a net margin of 3.32%. The firm had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $37.79 billion. During the same quarter in the prior year, the business earned $3.87 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. On average, equities research analysts forecast that Phillips 66 will post 9.4 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date is Tuesday, August 20th. Phillips 66’s dividend payout ratio (DPR) is currently 35.38%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Argus reissued a “buy” rating and issued a $167.00 target price on shares of Phillips 66 in a research report on Thursday, May 30th. Raymond James lifted their target price on Phillips 66 from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday. StockNews.com downgraded Phillips 66 from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Mizuho lowered their price objective on shares of Phillips 66 from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. Finally, Barclays dropped their price objective on shares of Phillips 66 from $142.00 to $136.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 9th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.23.

Insider Transactions at Phillips 66

In related news, EVP Timothy D. Roberts sold 37,742 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $145.80, for a total transaction of $5,502,783.60. Following the transaction, the executive vice president now directly owns 48,365 shares in the company, valued at $7,051,617. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

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.