Altrius Capital Management Inc Acquires 1,409 Shares of Phillips 66 (NYSE:PSX)

Altrius Capital Management Inc grew its holdings in shares of Phillips 66 (NYSE:PSX) by 4.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,855 shares of the oil and gas company’s stock after buying an additional 1,409 shares during the period. Altrius Capital Management Inc’s holdings in Phillips 66 were worth $4,427,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PSX. Price T Rowe Associates Inc. MD boosted its holdings in shares of Phillips 66 by 283.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,026,649 shares of the oil and gas company’s stock valued at $686,618,000 after buying an additional 4,455,220 shares in the last quarter. Norges Bank purchased a new position in shares of Phillips 66 in the 4th quarter worth about $497,648,000. Raymond James Financial Inc. purchased a new position in shares of Phillips 66 in the 4th quarter worth about $168,790,000. Capitolis Liquid Global Markets LLC purchased a new position in shares of Phillips 66 in the 4th quarter worth about $142,185,000. Finally, GAMMA Investing LLC raised its position in shares of Phillips 66 by 14,119.5% in the 1st quarter. GAMMA Investing LLC now owns 1,189,606 shares of the oil and gas company’s stock worth $146,893,000 after purchasing an additional 1,181,240 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald assumed coverage on Phillips 66 in a research report on Wednesday. They issued a “neutral” rating for the company. The Goldman Sachs Group lowered Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price target for the company. in a research report on Thursday, March 27th. Tudor Pickering lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 22nd. Scotiabank lowered their price target on Phillips 66 from $136.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Finally, Compass Point began coverage on Phillips 66 in a research report on Wednesday. They issued a “buy” rating for the company. Eight equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.93.

Phillips 66 Price Performance

NYSE PSX opened at $124.87 on Friday. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $150.12. The firm has a market capitalization of $50.88 billion, a P/E ratio of 28.44, a PEG ratio of 1.94 and a beta of 1.02. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $112.45 and a 200-day moving average price of $117.14.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results 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). Phillips 66 had a net margin of 1.32% and a return on equity of 4.83%. The business had revenue of $31.92 billion for the quarter, compared to analysts’ expectations of $31.93 billion. During the same period in the previous year, the company earned $1.90 EPS. Equities research analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.80 annualized dividend and a dividend yield of 3.84%. This is a positive change from Phillips 66’s previous quarterly dividend of $1.15. Phillips 66’s dividend payout ratio is presently 109.34%.

Insider Activity

In related news, Director Robert W. Pease acquired 439 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average cost of $113.85 per share, for a total transaction of $49,980.15. Following the purchase, the director now owns 4,091 shares in the company, valued at $465,760.35. The trade was a 12.02% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Brian Mandell sold 9,800 shares of the business’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $125.00, for a total value of $1,225,000.00. Following the transaction, the executive vice president now owns 56,838 shares of the company’s stock, valued at approximately $7,104,750. This trade represents a 14.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

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.