5,669 Shares in Phillips 66 (NYSE:PSX) Acquired by Net Worth Advisory Group

Net Worth Advisory Group purchased a new stake in shares of Phillips 66 (NYSE:PSX - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,669 shares of the oil and gas company's stock, valued at approximately $745,000.

A number of other hedge funds have also recently made changes to their positions in PSX. Boston Partners increased its position in Phillips 66 by 41.4% during the 1st quarter. Boston Partners now owns 5,453,892 shares of the oil and gas company's stock valued at $889,214,000 after purchasing an additional 1,595,722 shares during the period. Vanguard Group Inc. increased its position in Phillips 66 by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 41,271,077 shares of the oil and gas company's stock valued at $6,741,218,000 after purchasing an additional 1,578,669 shares during the period. Price T Rowe Associates Inc. MD increased its position in Phillips 66 by 96.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,863,603 shares of the oil and gas company's stock valued at $467,743,000 after purchasing an additional 1,408,954 shares during the period. Bank of New York Mellon Corp increased its position in Phillips 66 by 5.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 8,422,720 shares of the oil and gas company's stock valued at $1,189,035,000 after purchasing an additional 402,925 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in Phillips 66 by 1,087.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 432,003 shares of the oil and gas company's stock valued at $70,563,000 after purchasing an additional 395,617 shares during the period. 76.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Phillips 66

In other news, CFO Kevin J. Mitchell sold 30,000 shares of the firm's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $139.01, for a total transaction of $4,170,300.00. Following the completion of the sale, the chief financial officer now directly owns 81,937 shares of the company's stock, valued at $11,390,062.37. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by insiders.

Phillips 66 Stock Down 0.6 %

Shares of PSX traded down $0.75 during trading hours on Friday, reaching $132.60. The stock had a trading volume of 1,712,431 shares, compared to its average volume of 2,687,191. Phillips 66 has a 12 month low of $107.85 and a 12 month high of $174.08. The firm has a 50-day simple moving average of $133.18 and a 200 day simple moving average of $140.43. The company has a current ratio of 1.14, a quick ratio of 0.79 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $56.22 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 5.75 and a beta of 1.33.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The oil and gas company reported $2.31 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.33. The business had revenue of $38.91 billion during the quarter, compared to analyst estimates of $37.79 billion. Phillips 66 had a return on equity of 16.77% and a net margin of 3.32%. Phillips 66's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.87 EPS. Equities research analysts predict that Phillips 66 will post 7.85 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Monday, November 18th. Phillips 66's payout ratio is currently 35.38%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays cut their price target on Phillips 66 from $138.00 to $133.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 8th. Wolfe Research assumed coverage on Phillips 66 in a report on Thursday, July 18th. They set a "peer perform" rating on the stock. Mizuho cut their price target on Phillips 66 from $154.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. Morgan Stanley cut their price target on Phillips 66 from $150.00 to $144.00 and set an "equal weight" rating on the stock in a report on Monday, September 16th. Finally, Wells Fargo & Company cut their price target on Phillips 66 from $182.00 to $167.00 and set an "overweight" rating on the stock in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Phillips 66 presently has a consensus rating of "Moderate Buy" and an average price target of $149.50.

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.