Phillips 66 (NYSE:PSX) Shares Bought by Disciplined Investments LLC

Disciplined Investments LLC boosted its stake in shares of Phillips 66 (NYSE:PSX) by 0.2% in the third quarter, HoldingsChannel.com reports. The fund owned 51,771 shares of the oil and gas company’s stock after purchasing an additional 93 shares during the period. Phillips 66 makes up about 3.4% of Disciplined Investments LLC’s investment portfolio, making the stock its 4th biggest position. Disciplined Investments LLC’s holdings in Phillips 66 were worth $6,805,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in Phillips 66 during the first quarter worth $25,000. nVerses Capital LLC acquired a new stake in shares of Phillips 66 in the third quarter valued at about $26,000. Bank & Trust Co acquired a new stake in shares of Phillips 66 in the second quarter valued at about $31,000. Values First Advisors Inc. acquired a new stake in shares of Phillips 66 in the third quarter valued at about $30,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Phillips 66 in the second quarter valued at about $34,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PSX has been the subject of a number of analyst reports. Wolfe Research initiated coverage on shares of Phillips 66 in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Morgan Stanley lowered their target price on shares of Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating for the company in a research note on Monday, September 16th. TD Cowen reduced their price target on shares of Phillips 66 from $162.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Raymond James raised their target price on shares of Phillips 66 from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $150.38.

Phillips 66 Trading Down 0.2 %

NYSE:PSX opened at $126.45 on Friday. The company has a market capitalization of $52.22 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 4.17 and a beta of 1.33. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a 52-week low of $110.54 and a 52-week high of $174.08. The stock has a fifty day simple moving average of $130.12 and a 200-day simple moving average of $136.72.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.41. The business had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business’s revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.63 EPS. On average, equities research analysts expect that Phillips 66 will post 7.68 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Monday, November 18th. Phillips 66’s dividend payout ratio (DPR) is presently 59.05%.

Insider Transactions at Phillips 66

In other news, CFO Kevin J. Mitchell sold 30,000 shares of Phillips 66 stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $139.01, for a total transaction of $4,170,300.00. Following the completion of the transaction, the chief financial officer now owns 81,937 shares of the company’s stock, valued at $11,390,062.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

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.