Phillips 66 $PSX is Torray Investment Partners LLC’s 4th Largest Position

Torray Investment Partners LLC increased its position in Phillips 66 (NYSE:PSX) by 50.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,754 shares of the oil and gas company’s stock after purchasing an additional 67,901 shares during the quarter. Phillips 66 accounts for 3.5% of Torray Investment Partners LLC’s portfolio, making the stock its 4th largest position. Torray Investment Partners LLC owned 0.05% of Phillips 66 worth $24,189,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Telos Capital Management Inc. boosted its stake in Phillips 66 by 2.2% during the 2nd quarter. Telos Capital Management Inc. now owns 53,565 shares of the oil and gas company’s stock valued at $6,390,000 after acquiring an additional 1,150 shares during the last quarter. EPG Wealth Management LLC boosted its stake in Phillips 66 by 2.0% during the 2nd quarter. EPG Wealth Management LLC now owns 5,452 shares of the oil and gas company’s stock valued at $650,000 after acquiring an additional 105 shares during the last quarter. Welch & Forbes LLC boosted its stake in Phillips 66 by 3.7% during the 2nd quarter. Welch & Forbes LLC now owns 7,047 shares of the oil and gas company’s stock valued at $841,000 after acquiring an additional 250 shares during the last quarter. Navalign LLC boosted its stake in Phillips 66 by 1.5% during the 2nd quarter. Navalign LLC now owns 7,522 shares of the oil and gas company’s stock valued at $897,000 after acquiring an additional 108 shares during the last quarter. Finally, Aviance Capital Partners LLC boosted its stake in Phillips 66 by 10.6% during the 2nd quarter. Aviance Capital Partners LLC now owns 6,569 shares of the oil and gas company’s stock valued at $784,000 after acquiring an additional 630 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Vanessa Allen Sutherland sold 4,393 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $140.00, for a total transaction of $615,020.00. Following the transaction, the executive vice president owned 34,587 shares of the company’s stock, valued at approximately $4,842,180. The trade was a 11.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gregory Hayes bought 8,350 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were bought at an average cost of $119.90 per share, for a total transaction of $1,001,165.00. Following the transaction, the director directly owned 29,423 shares of the company’s stock, valued at $3,527,817.70. This trade represents a 39.62% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

PSX has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Phillips 66 in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a research report on Saturday. Mizuho lifted their price objective on shares of Phillips 66 from $140.00 to $142.00 and gave the company a “neutral” rating in a research report on Monday, September 15th. Bank of America cut shares of Phillips 66 from a “buy” rating to a “neutral” rating and raised their target price for the company from $144.00 to $147.00 in a research note on Wednesday, September 3rd. Finally, Cowen reiterated a “buy” rating on shares of Phillips 66 in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $142.94.

Phillips 66 Price Performance

NYSE PSX opened at $136.23 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $54.89 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11. The company has a 50 day moving average price of $132.67 and a two-hundred day moving average price of $123.64. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $142.35.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Wednesday, October 29th. The oil and gas company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.14 by $0.38. Phillips 66 had a net margin of 1.12% and a return on equity of 5.51%. The company had revenue of $33.69 billion for the quarter, compared to analyst estimates of $32.29 billion. During the same quarter last year, the firm posted $2.04 earnings per share. As a group, equities analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a $1.20 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.5%. Phillips 66’s dividend payout ratio (DPR) is currently 131.15%.

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.