Phillips 66 (NYSE:PSX) Shares Purchased by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. grew its holdings in shares of Phillips 66 (NYSE:PSX) by 4.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,103 shares of the oil and gas company’s stock after purchasing an additional 240 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Phillips 66 were worth $669,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new position in shares of Phillips 66 during the 1st quarter worth $25,000. Keener Financial Planning LLC purchased a new position in shares of Phillips 66 during the 1st quarter worth $26,000. Strategic Financial Concepts LLC purchased a new position in shares of Phillips 66 during the 2nd quarter worth $26,000. nVerses Capital LLC purchased a new position in shares of Phillips 66 during the 3rd quarter worth $26,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Phillips 66 during the 1st quarter worth $28,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Up 0.1 %

Shares of Phillips 66 stock opened at $131.43 on Wednesday. The company has a market capitalization of $55.01 billion, a PE ratio of 11.27, a P/E/G ratio of 5.68 and a beta of 1.33. Phillips 66 has a 1-year low of $107.85 and a 1-year high of $174.08. The business has a 50-day moving average of $133.02 and a 200-day moving average of $139.65. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.79.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Tuesday, July 30th. The oil and gas company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.33. The business had revenue of $38.91 billion during the quarter, compared to the consensus estimate of $37.79 billion. Phillips 66 had a return on equity of 16.77% and a net margin of 3.32%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm earned $3.87 earnings per share. As a group, equities analysts forecast that Phillips 66 will post 7.81 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $4.60 dividend on an annualized basis and a yield of 3.50%. Phillips 66’s dividend payout ratio (DPR) is 39.45%.

Insider Buying and Selling

In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $139.01, for a total value of $4,170,300.00. Following the transaction, the chief financial officer now owns 81,937 shares of the company’s stock, valued at $11,390,062.37. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on PSX shares. Bank of America started coverage on Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price on the stock. Barclays cut their target price on Phillips 66 from $138.00 to $133.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 8th. JPMorgan Chase & Co. cut their target price on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Raymond James increased their target price on Phillips 66 from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley lowered their price target on Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus target price of $149.50.

Phillips 66 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.