Saxon Interests Inc. Invests $497,000 in Phillips 66 (NYSE:PSX)

Saxon Interests Inc. acquired a new position in Phillips 66 (NYSE:PSX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,730 shares of the oil and gas company’s stock, valued at approximately $497,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its stake in shares of Phillips 66 by 100,843.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 9,979,304 shares of the oil and gas company’s stock valued at $1,038,646,000 after purchasing an additional 9,969,418 shares in the last quarter. Barclays PLC lifted its position in shares of Phillips 66 by 416.9% during the 2nd quarter. Barclays PLC now owns 7,451,470 shares of the oil and gas company’s stock worth $710,721,000 after buying an additional 6,009,826 shares during the period. Norges Bank bought a new stake in Phillips 66 in the fourth quarter valued at $364,237,000. Wellington Management Group LLP lifted its holdings in shares of Phillips 66 by 62.1% during the first quarter. Wellington Management Group LLP now owns 7,188,087 shares of the oil and gas company’s stock valued at $620,979,000 after acquiring an additional 2,753,700 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Phillips 66 by 16.2% in the 4th quarter. Morgan Stanley now owns 6,961,625 shares of the oil and gas company’s stock valued at $724,566,000 after purchasing an additional 968,055 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Insider Activity at Phillips 66

In other Phillips 66 news, VP Joseph Scott Pruitt sold 5,922 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $157.40, for a total value of $932,122.80. Following the completion of the sale, the vice president now owns 6,583 shares in the company, valued at $1,036,164.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Zhanna Golodryga sold 5,253 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $135.00, for a total transaction of $709,155.00. Following the completion of the sale, the executive vice president now owns 24,914 shares in the company, valued at $3,363,390. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Joseph Scott Pruitt sold 5,922 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $157.40, for a total value of $932,122.80. Following the completion of the sale, the vice president now owns 6,583 shares of the company’s stock, valued at $1,036,164.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,309 shares of company stock valued at $5,981,836. 4.57% of the stock is owned by insiders.

Phillips 66 Trading Up 2.8 %

NYSE:PSX traded up $4.38 on Friday, reaching $163.34. The company’s stock had a trading volume of 3,177,289 shares, compared to its average volume of 3,275,951. The business’s 50-day moving average price is $146.27 and its two-hundred day moving average price is $130.34. Phillips 66 has a 1-year low of $89.74 and a 1-year high of $163.79. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.26. The firm has a market cap of $69.88 billion, a PE ratio of 10.56, a PEG ratio of 2.06 and a beta of 1.36.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Wednesday, January 31st. The oil and gas company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.72. Phillips 66 had a return on equity of 22.10% and a net margin of 4.68%. The company had revenue of $38.74 billion for the quarter, compared to analyst estimates of $34.30 billion. Equities research analysts anticipate that Phillips 66 will post 12.85 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Friday, February 16th. Phillips 66’s payout ratio is 27.15%.

Wall Street Analysts Forecast Growth

PSX has been the topic of a number of recent analyst reports. Raymond James boosted their price target on shares of Phillips 66 from $140.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. TD Cowen lifted their price objective on Phillips 66 from $134.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. Mizuho upped their price target on shares of Phillips 66 from $135.00 to $167.00 and gave the stock a “neutral” rating in a research report on Friday, March 22nd. Wells Fargo & Company raised their price target on shares of Phillips 66 from $163.00 to $179.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. Finally, Barclays increased their price objective on Phillips 66 from $132.00 to $139.00 and gave the company an “equal weight” rating in a research report on Monday, February 5th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.08.

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.