7,917 Shares in Phillips 66 (NYSE:PSX) Acquired by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC purchased a new position in Phillips 66 (NYSE:PSX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,917 shares of the oil and gas company's stock, valued at approximately $1,054,000.

Other hedge funds also recently bought and sold shares of the company. First United Bank & Trust bought a new position in Phillips 66 in the 4th quarter worth about $31,000. Signature Resources Capital Management LLC purchased a new position in shares of Phillips 66 during the fourth quarter worth about $33,000. Bruce G. Allen Investments LLC bought a new position in shares of Phillips 66 in the fourth quarter worth approximately $36,000. Gladius Capital Management LP purchased a new stake in Phillips 66 in the fourth quarter valued at approximately $36,000. Finally, West Branch Capital LLC raised its stake in Phillips 66 by 49.5% in the fourth quarter. West Branch Capital LLC now owns 275 shares of the oil and gas company's stock valued at $37,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Trading Down 0.7 %

NYSE:PSX traded down $0.91 during mid-day trading on Friday, reaching $136.76. 1,848,501 shares of the company's stock traded hands, compared to its average volume of 2,743,845. The company has a 50 day moving average price of $148.12 and a 200-day moving average price of $143.55. The firm has a market capitalization of $57.98 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 1.86 and a beta of 1.37. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.17 and a quick ratio of 0.82. Phillips 66 has a 12-month low of $89.74 and a 12-month high of $174.08.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its earnings results on Friday, April 26th. The oil and gas company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.15). Phillips 66 had a net margin of 3.84% and a return on equity of 19.19%. The business had revenue of $36.44 billion for the quarter, compared to analysts' expectations of $35.87 billion. During the same period last year, the firm posted $4.21 earnings per share. On average, sell-side analysts predict that Phillips 66 will post 12.16 earnings per share for the current year.

Phillips 66 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.36%. This is a boost from Phillips 66's previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Friday, May 17th. Phillips 66's dividend payout ratio (DPR) is currently 35.38%.

Insider Activity

In other news, VP Joseph Scott Pruitt sold 7,200 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $157.26, for a total value of $1,132,272.00. Following the completion of the transaction, the vice president now owns 6,583 shares of the company's stock, valued at approximately $1,035,242.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Joseph Scott Pruitt sold 7,200 shares of the company's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $157.26, for a total value of $1,132,272.00. Following the sale, the vice president now directly owns 6,583 shares of the company's stock, valued at approximately $1,035,242.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Timothy D. Roberts sold 37,742 shares of Phillips 66 stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $145.80, for a total transaction of $5,502,783.60. Following the transaction, the executive vice president now directly owns 48,365 shares of the company's stock, valued at $7,051,617. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,864 shares of company stock valued at $7,567,178. Corporate insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on PSX. Mizuho decreased their price target on shares of Phillips 66 from $167.00 to $162.00 and set a "neutral" rating on the stock in a report on Friday, April 12th. Argus reaffirmed a "buy" rating and set a $167.00 price target on shares of Phillips 66 in a research note on Thursday, May 30th. Wells Fargo & Company upped their price objective on Phillips 66 from $179.00 to $191.00 and gave the stock an "overweight" rating in a report on Monday, April 8th. Scotiabank raised their price objective on Phillips 66 from $148.00 to $156.00 and gave the company a "sector outperform" rating in a report on Thursday, April 11th. Finally, Piper Sandler reduced their price target on shares of Phillips 66 from $170.00 to $151.00 and set an "overweight" rating on the stock in a research report on Friday. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $157.57.

About Phillips 66

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.