Wisconsin Capital Management LLC Trims Stock Position in Phillips 66 (NYSE:PSX)

Wisconsin Capital Management LLC trimmed its holdings in shares of Phillips 66 (NYSE:PSX - Free Report) by 17.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,875 shares of the oil and gas company's stock after selling 4,455 shares during the period. Phillips 66 makes up about 1.4% of Wisconsin Capital Management LLC's investment portfolio, making the stock its 26th largest holding. Wisconsin Capital Management LLC's holdings in Phillips 66 were worth $2,744,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Manning & Napier Advisors LLC bought a new position in Phillips 66 in the second quarter valued at about $17,670,000. M&G Plc purchased a new position in shares of Phillips 66 in the second quarter worth approximately $3,596,000. Duality Advisers LP bought a new stake in Phillips 66 during the first quarter valued at approximately $3,596,000. Meeder Asset Management Inc. purchased a new stake in Phillips 66 during the first quarter valued at approximately $1,283,000. Finally, Cetera Investment Advisers raised its position in Phillips 66 by 318.9% in the first quarter. Cetera Investment Advisers now owns 142,548 shares of the oil and gas company's stock worth $23,284,000 after acquiring an additional 108,515 shares during the period. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Trading Up 5.0 %

PSX traded up $6.07 on Wednesday, hitting $127.91. The company had a trading volume of 2,625,593 shares, compared to its average volume of 2,670,234. Phillips 66 has a 12-month low of $110.54 and a 12-month high of $174.08. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The business's fifty day simple moving average is $130.59 and its 200 day simple moving average is $137.00. The company has a market cap of $52.83 billion, a PE ratio of 16.42, a PEG ratio of 3.94 and a beta of 1.33.

Phillips 66 (NYSE:PSX - Get Free Report) last released its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.41. The firm had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company's revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.63 EPS. Equities research analysts expect that Phillips 66 will post 7.69 EPS for the current year.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Monday, November 18th. Phillips 66's dividend payout ratio is currently 59.05%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Mizuho decreased their target price on Phillips 66 from $154.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. lowered their price objective on Phillips 66 from $160.00 to $141.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 2nd. Piper Sandler set a $144.00 target price on shares of Phillips 66 in a report on Thursday, October 17th. UBS Group lowered their price target on shares of Phillips 66 from $150.00 to $138.00 and set a "buy" rating on the stock in a report on Monday. Finally, Barclays dropped their price target on shares of Phillips 66 from $138.00 to $133.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $150.38.

Insider Transactions at Phillips 66

In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 81,937 shares in the company, valued at $11,390,062.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company 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.