UMB Bank n.a. Trims Stock Position in Phillips 66 (NYSE:PSX)

UMB Bank n.a. lowered its stake in shares of Phillips 66 (NYSE:PSXFree Report) by 1.4% during the fourth quarter, Holdings Channel reports. The fund owned 42,147 shares of the oil and gas company’s stock after selling 603 shares during the quarter. UMB Bank n.a.’s holdings in Phillips 66 were worth $5,611,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. First Capital Advisors Group LLC. acquired a new position in Phillips 66 in the second quarter valued at $25,000. Cornerstone Planning Group LLC increased its position in shares of Phillips 66 by 134.8% in the third quarter. Cornerstone Planning Group LLC now owns 263 shares of the oil and gas company’s stock worth $32,000 after acquiring an additional 151 shares in the last quarter. Worth Asset Management LLC acquired a new stake in Phillips 66 in the 1st quarter valued at $32,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Phillips 66 in the fourth quarter valued at about $36,000. Finally, Bell Investment Advisors Inc grew its position in Phillips 66 by 82.1% in the third quarter. Bell Investment Advisors Inc now owns 306 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 138 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PSX has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price objective on Phillips 66 from $149.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday. Bank of America increased their target price on Phillips 66 from $150.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Mizuho lifted their price target on Phillips 66 from $135.00 to $167.00 and gave the company a “neutral” rating in a report on Friday, March 22nd. Raymond James lifted their price objective on shares of Phillips 66 from $140.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, StockNews.com upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $152.31.

View Our Latest Stock Report on PSX

Insider Buying and Selling

In related news, EVP Richard G. Harbison sold 21,934 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $3,648,120.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Robert W. Pease purchased 682 shares of Phillips 66 stock in a transaction that occurred on Thursday, February 15th. The shares were acquired at an average price of $146.58 per share, for a total transaction of $99,967.56. Following the transaction, the director now directly owns 1,900 shares in the company, valued at $278,502. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard G. Harbison sold 21,934 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 sold a total of 35,056 shares of company stock valued at $5,272,681 over the last ninety days. 4.57% of the stock is owned by company insiders.

Phillips 66 Stock Up 3.8 %

Shares of Phillips 66 stock opened at $169.49 on Wednesday. The firm has a market cap of $72.51 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 2.12 and a beta of 1.37. The stock has a 50-day simple moving average of $148.34 and a 200-day simple moving average of $131.24. 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 $169.70.

Phillips 66 (NYSE:PSXGet Free Report) last announced its earnings results on Wednesday, January 31st. The oil and gas company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.37 by $0.72. The firm had revenue of $38.74 billion for the quarter, compared to the consensus estimate of $34.30 billion. Phillips 66 had a net margin of 4.68% and a return on equity of 22.10%. On average, equities research analysts expect that Phillips 66 will post 12.85 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 20th were paid a $1.05 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.48%. Phillips 66’s payout ratio is 27.15%.

Phillips 66 Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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