Wealth Enhancement Advisory Services LLC Raises Holdings in Phillips 66 $PSX

Wealth Enhancement Advisory Services LLC lifted its position in shares of Phillips 66 (NYSE:PSX) by 10.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 151,226 shares of the oil and gas company’s stock after buying an additional 14,038 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Phillips 66 were worth $20,575,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Phillips 66 by 11.6% in the third quarter. Vanguard Group Inc. now owns 51,724,558 shares of the oil and gas company’s stock worth $7,035,574,000 after acquiring an additional 5,356,558 shares during the period. Norges Bank purchased a new position in Phillips 66 during the 2nd quarter valued at about $523,755,000. Elliott Investment Management L.P. increased its position in Phillips 66 by 22.4% during the 2nd quarter. Elliott Investment Management L.P. now owns 19,251,000 shares of the oil and gas company’s stock valued at $2,296,644,000 after purchasing an additional 3,526,000 shares during the period. AQR Capital Management LLC raised its holdings in shares of Phillips 66 by 424.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,893,195 shares of the oil and gas company’s stock valued at $257,512,000 after purchasing an additional 1,532,389 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new stake in shares of Phillips 66 in the 2nd quarter valued at about $107,967,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Down 1.6%

NYSE PSX opened at $181.25 on Thursday. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $185.37. The company has a 50 day moving average price of $157.36 and a 200 day moving average price of $142.60. The company has a quick ratio of 0.91, a current ratio of 1.30 and a debt-to-equity ratio of 0.62. The firm has a market cap of $72.63 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 0.64 and a beta of 0.86.

Phillips 66 (NYSE:PSX) last announced its earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.32. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. The company had revenue of $32.16 billion during the quarter, compared to the consensus estimate of $33.81 billion. During the same period last year, the firm earned ($0.15) earnings per share. As a group, sell-side analysts forecast that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, February 23rd were given a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, February 23rd. This is a positive change from Phillips 66’s previous quarterly dividend of $1.20. Phillips 66’s payout ratio is 46.95%.

Insider Activity

In related news, EVP Vanessa Allen Sutherland sold 4,394 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $150.00, for a total transaction of $659,100.00. Following the transaction, the executive vice president directly owned 25,799 shares of the company’s stock, valued at $3,869,850. This represents a 14.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lisa Ann Davis sold 3,800 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $174.37, for a total value of $662,606.00. Following the completion of the sale, the director owned 8,701 shares of the company’s stock, valued at approximately $1,517,193.37. This trade represents a 30.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 84,688 shares of company stock worth $14,066,145 over the last quarter. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. UBS Group reiterated a “buy” rating and set a $172.00 price objective on shares of Phillips 66 in a research note on Friday, February 6th. Argus upped their target price on Phillips 66 from $152.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Wells Fargo & Company increased their target price on Phillips 66 from $162.00 to $163.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Scotiabank reiterated a “sector perform” rating and issued a $140.00 price target on shares of Phillips 66 in a report on Friday, January 16th. Finally, Barclays set a $158.00 price target on Phillips 66 in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Phillips 66 has a consensus rating of “Moderate Buy” and an average price target of $164.00.

Key Phillips 66 News

Here are the key news stories impacting Phillips 66 this week:

• Positive Sentiment: Raymond James raised its price target to $205 and reiterated an “outperform” rating, citing nearly doubled refining margins — a clear catalyst for upside expectations. Raymond James Sets $205 Target on PSX as Refining Margins Nearly Double
• Positive Sentiment: Analyst and media coverage (Zacks, MSN) is highlighting PSX as both a growth and value name, reinforcing buying interest from fundamental and quant-focused investors. Here’s Why Phillips 66 (PSX) is a Strong Growth Stock
• Positive Sentiment: Operational/strategic support: Phillips 66 and Kinder Morgan extended the open season for Western Gateway pipeline capacity, which should help feed refinery throughput and optionality over time. Phillips 66 and Kinder Morgan, Inc. Announce Extension of Second Open Season for Remaining Western Gateway Capacity
• Positive Sentiment: Regional refining disruptions (e.g., a Valero refinery fire) and rising fuel prices are tightening supply, which tends to lift refining margins and benefits integrated refiners like PSX. Rising Fuel Prices Are Lifting Valero Stock. Why a Refinery Fire Can’t Stop It.
• Positive Sentiment: Technical/market momentum: the stock recently hit a 52-week high and has strong YTD gains, which attracts momentum-driven flows. Phillips 66 (NYSE:PSX) Sets New 52-Week High – Still a Buy?
• Negative Sentiment: Underlying financials still show pockets of weakness: in its last quarter Phillips 66 missed revenue consensus (reported revenue below estimates), which could limit multiple expansion if margins or volumes soften. (company quarterly results)
• Negative Sentiment: Profit‑taking and short-term selling after the recent run to new highs appears to be driving today’s pullback despite the positive headlines — a common technical correction after rapid gains.

Phillips 66 Company Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.