3,247 Shares in Phillips 66 $PSX Bought by Rothschild Wealth LLC

Rothschild Wealth LLC acquired a new position in Phillips 66 (NYSE:PSX) during the 4th quarter, HoldingsChannel reports. The fund acquired 3,247 shares of the oil and gas company’s stock, valued at approximately $419,000.

Several other institutional investors also recently modified their holdings of the business. Virtue Asset Management LLC grew its stake in shares of Phillips 66 by 2.4% in the fourth quarter. Virtue Asset Management LLC now owns 9,348 shares of the oil and gas company’s stock worth $1,206,000 after purchasing an additional 222 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Phillips 66 by 2.2% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 147,408 shares of the oil and gas company’s stock worth $19,022,000 after purchasing an additional 3,171 shares during the last quarter. Rockline Wealth Management LLC grew its stake in shares of Phillips 66 by 5.5% in the fourth quarter. Rockline Wealth Management LLC now owns 25,241 shares of the oil and gas company’s stock worth $3,257,000 after purchasing an additional 1,327 shares during the last quarter. Verity & Verity LLC grew its stake in shares of Phillips 66 by 0.7% in the fourth quarter. Verity & Verity LLC now owns 108,945 shares of the oil and gas company’s stock worth $14,058,000 after purchasing an additional 720 shares during the last quarter. Finally, Essex Financial Services Inc. grew its stake in shares of Phillips 66 by 18.9% in the fourth quarter. Essex Financial Services Inc. now owns 6,564 shares of the oil and gas company’s stock worth $847,000 after purchasing an additional 1,043 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Insider Activity

In other news, Director Lisa Ann Davis sold 3,800 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $174.37, for a total value of $662,606.00. Following the completion of the sale, the director owned 8,701 shares in the company, valued at $1,517,193.37. This represents a 30.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin Omar Meyers acquired 175 shares of Phillips 66 stock in a transaction on Wednesday, May 6th. The stock was purchased at an average cost of $173.12 per share, with a total value of $30,296.00. Following the completion of the transaction, the director directly owned 16,799 shares in the company, valued at $2,908,242.88. This represents a 1.05% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 114,029 shares of company stock worth $19,641,455. Company insiders own 0.40% of the company’s stock.

Phillips 66 Trading Up 2.4%

PSX opened at $180.06 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85. Phillips 66 has a fifty-two week low of $111.19 and a fifty-two week high of $190.61. The firm has a market capitalization of $72.19 billion, a PE ratio of 17.74, a P/E/G ratio of 0.26 and a beta of 0.68. The company’s 50-day moving average is $172.41 and its 200 day moving average is $155.05.

Phillips 66 (NYSE:PSX) last posted its earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.54) by $1.03. Phillips 66 had a net margin of 2.99% and a return on equity of 10.98%. The company had revenue of $32.54 billion for the quarter, compared to analyst estimates of $35.86 billion. During the same quarter in the prior year, the business posted ($0.90) EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, research analysts predict that Phillips 66 will post 17.64 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a $1.27 dividend. The ex-dividend date was Monday, May 18th. This represents a $5.08 annualized dividend and a dividend yield of 2.8%. Phillips 66’s dividend payout ratio is currently 50.05%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PSX shares. JPMorgan Chase & Co. boosted their price objective on shares of Phillips 66 from $188.00 to $202.00 in a research note on Thursday, April 30th. TD Cowen boosted their price objective on shares of Phillips 66 from $155.00 to $213.00 and gave the stock a “buy” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group upped their price target on shares of Phillips 66 from $192.00 to $207.00 and gave the company a “neutral” rating in a research report on Tuesday, May 19th. Jefferies Financial Group upped their price target on shares of Phillips 66 from $173.00 to $191.00 and gave the company a “hold” rating in a research report on Tuesday, May 26th. Finally, Raymond James Financial upped their price target on shares of Phillips 66 from $205.00 to $215.00 in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $191.28.

Phillips 66 Profile

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.