Rowlandmiller & PARTNERS.ADV Purchases 262 Shares of Phillips 66 (NYSE:PSX)

Rowlandmiller & PARTNERS.ADV increased its holdings in shares of Phillips 66 (NYSE:PSX) by 2.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,283 shares of the oil and gas company’s stock after purchasing an additional 262 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in Phillips 66 were worth $1,517,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Bogart Wealth LLC increased its stake in Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 120 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Phillips 66 during the 4th quarter worth approximately $25,000. Pacific Center for Financial Services acquired a new position in Phillips 66 during the 4th quarter worth approximately $27,000. Graney & King LLC acquired a new position in Phillips 66 during the 4th quarter worth approximately $28,000. Finally, Wood Tarver Financial Group LLC acquired a new position in Phillips 66 during the 4th quarter worth approximately $29,000. 76.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

PSX has been the subject of a number of recent research reports. Morgan Stanley reduced their price target on Phillips 66 from $140.00 to $122.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Barclays increased their price objective on Phillips 66 from $106.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. Wall Street Zen raised Phillips 66 from a “sell” rating to a “hold” rating in a report on Monday, April 28th. Tudor Pickering downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Wells Fargo & Company cut their price target on Phillips 66 from $162.00 to $149.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $135.62.

Phillips 66 Trading Up 2.2%

Shares of PSX stock opened at $118.67 on Wednesday. The company has a market cap of $48.35 billion, a P/E ratio of 24.02, a PEG ratio of 4.84 and a beta of 1.02. The stock has a 50 day simple moving average of $108.29 and a two-hundred day simple moving average of $117.71. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $150.12.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.97). The firm had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same quarter in the prior year, the firm earned $1.90 EPS. Research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $1.20 per share. The ex-dividend date was Monday, May 19th. This represents a $4.80 annualized dividend and a yield of 4.04%. This is an increase from Phillips 66’s previous quarterly dividend of $1.15. Phillips 66’s dividend payout ratio is 109.34%.

Insider Buying and Selling

In other news, Director Robert W. Pease purchased 439 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average price of $113.85 per share, with a total value of $49,980.15. Following the transaction, the director now directly owns 4,091 shares of the company’s stock, valued at approximately $465,760.35. This represents a 12.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is currently owned by corporate insiders.

Phillips 66 Company 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.