Sivia Capital Partners LLC Takes Position in Phillips 66 $PSX

Sivia Capital Partners LLC purchased a new position in shares of Phillips 66 (NYSE:PSX) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 4,008 shares of the oil and gas company’s stock, valued at approximately $545,000.

Other large investors have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. acquired a new stake in Phillips 66 during the 2nd quarter worth approximately $25,000. Wolff Wiese Magana LLC raised its stake in shares of Phillips 66 by 62.1% during the second quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 82 shares during the last quarter. Webster Bank N. A. raised its stake in shares of Phillips 66 by 58.8% during the second quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in shares of Phillips 66 during the second quarter worth $32,000. Finally, Nova Wealth Management Inc. bought a new stake in shares of Phillips 66 in the first quarter worth $37,000. Institutional investors own 76.93% of the company’s stock.

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,000 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $138.00, for a total value of $4,140,000.00. Following the completion of the sale, the chief financial officer directly owned 89,771 shares in the company, valued at approximately $12,388,398. This trade represents a 25.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Mandell sold 26,200 shares of Phillips 66 stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $137.68, for a total transaction of $3,607,216.00. Following the completion of the sale, the executive vice president directly owned 56,838 shares of the company’s stock, valued at approximately $7,825,455.84. This trade represents a 31.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 81,700 shares of company stock worth $11,318,236. 0.22% of the stock is owned by insiders.

Phillips 66 Trading Up 0.6%

NYSE PSX opened at $128.56 on Tuesday. The business has a 50 day simple moving average of $135.70 and a 200 day simple moving average of $130.60. Phillips 66 has a one year low of $91.01 and a one year high of $144.96. The stock has a market capitalization of $51.80 billion, a P/E ratio of 35.12, a P/E/G ratio of 0.67 and a beta of 0.92. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.23 and a quick ratio of 0.87.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Wednesday, October 29th. The oil and gas company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.38. The firm had revenue of $33.69 billion for the quarter, compared to analyst estimates of $32.29 billion. Phillips 66 had a return on equity of 5.53% and a net margin of 1.12%.During the same period in the previous year, the firm earned $2.04 earnings per share. Research analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, November 17th. Phillips 66’s payout ratio is presently 131.15%.

Wall Street Analyst Weigh In

PSX has been the subject of several analyst reports. Jefferies Financial Group raised their target price on Phillips 66 from $133.00 to $137.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Bank of America cut Phillips 66 from a “buy” rating to a “neutral” rating and increased their price target for the company from $144.00 to $147.00 in a research note on Wednesday, September 3rd. Wall Street Zen lowered Phillips 66 from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Phillips 66 in a report on Wednesday, October 8th. Finally, Wolfe Research raised their price target on shares of Phillips 66 from $158.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.82.

About Phillips 66

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.