HCR Wealth Advisors Purchases 104 Shares of Phillips 66 (NYSE:PSX)

HCR Wealth Advisors boosted its position in Phillips 66 (NYSE:PSX) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,708 shares of the oil and gas company’s stock after purchasing an additional 104 shares during the period. HCR Wealth Advisors’ holdings in Phillips 66 were worth $334,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. J.Safra Asset Management Corp bought a new position in Phillips 66 in the 4th quarter valued at approximately $25,000. Pacific Center for Financial Services acquired a new position in Phillips 66 in the 4th quarter valued at approximately $27,000. Graney & King LLC bought a new position in shares of Phillips 66 during the fourth quarter valued at $28,000. Wood Tarver Financial Group LLC bought a new position in shares of Phillips 66 during the fourth quarter valued at $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Phillips 66 during the first quarter worth $29,000. 76.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Phillips 66 news, Director Robert W. Pease purchased 439 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was acquired at an average price of $113.85 per share, for a total transaction of $49,980.15. Following the purchase, the director now owns 4,091 shares of the company’s stock, valued at $465,760.35. This trade represents a 12.02% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PSX has been the subject of several analyst reports. Morgan Stanley lowered their target price 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. JPMorgan Chase & Co. set a $115.00 price objective on Phillips 66 in a research report on Wednesday. Tudor Pickering lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Barclays increased their target price on shares of Phillips 66 from $106.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of Phillips 66 from a “sell” rating to a “hold” rating in a research report on Monday, April 28th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.93.

Phillips 66 Trading Up 0.4%

PSX opened at $124.98 on Thursday. The company has a fifty day moving average price of $111.33 and a two-hundred day moving average price of $117.38. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $150.12. The company has a market cap of $50.92 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 1.91 and a beta of 1.02. The company has a current ratio of 1.23, a quick ratio of 0.88 and a debt-to-equity ratio of 0.63.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.97). The firm had revenue of $31.92 billion during the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 had a net margin of 1.32% and a return on equity of 4.83%. During the same period in the previous year, the firm earned $1.90 earnings per share. Analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.84%. This is a positive change from Phillips 66’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Monday, May 19th. Phillips 66’s dividend payout ratio is presently 109.34%.

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.