Trajan Wealth LLC Has $4.46 Million Stock Holdings in Phillips 66 (NYSE:PSX)

Trajan Wealth LLC grew its stake in shares of Phillips 66 (NYSE:PSX - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,120 shares of the oil and gas company's stock after purchasing an additional 3,903 shares during the period. Trajan Wealth LLC's holdings in Phillips 66 were worth $4,457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSX. Oppenheimer & Co. Inc. raised its stake in Phillips 66 by 10.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company's stock valued at $5,349,000 after purchasing an additional 4,515 shares during the period. Flavin Financial Services Inc. purchased a new stake in Phillips 66 in the 4th quarter worth about $1,190,000. Everence Capital Management Inc. purchased a new position in Phillips 66 during the 4th quarter valued at about $3,033,000. Donoghue Forlines LLC purchased a new stake in shares of Phillips 66 in the fourth quarter worth approximately $1,438,000. Finally, Smith Group Asset Management LLC acquired a new stake in shares of Phillips 66 during the fourth quarter worth approximately $1,149,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PSX. Scotiabank decreased their target price on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company upped their target price on Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. StockNews.com downgraded Phillips 66 from a "hold" rating to a "sell" rating in a report on Sunday, March 2nd. Raymond James decreased their target price on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Wolfe Research upgraded shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Phillips 66 has an average rating of "Moderate Buy" and a consensus target price of $142.00.

Phillips 66 Price Performance

NYSE:PSX traded up $1.90 during mid-day trading on Wednesday, hitting $102.80. The company's stock had a trading volume of 3,055,099 shares, compared to its average volume of 2,901,840. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average of $117.31 and a 200-day moving average of $121.80. The company has a market capitalization of $41.88 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 4.84 and a beta of 1.17. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $158.38.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period in the prior year, the company posted $3.09 EPS. As a group, equities analysts forecast 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 will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $1.20 dividend. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date is Monday, May 19th. This represents a $4.80 annualized dividend and a dividend yield of 4.67%. Phillips 66's dividend payout ratio is presently 93.12%.

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.