Uhlmann Price Securities LLC Acquires 4,883 Shares of Phillips 66 $PSX

Uhlmann Price Securities LLC increased its holdings in Phillips 66 (NYSE:PSX) by 135.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,481 shares of the oil and gas company’s stock after purchasing an additional 4,883 shares during the period. Uhlmann Price Securities LLC’s holdings in Phillips 66 were worth $1,555,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PSX. Clifford Group LLC grew its stake in shares of Phillips 66 by 2.0% during the fourth quarter. Clifford Group LLC now owns 3,315 shares of the oil and gas company’s stock valued at $428,000 after buying an additional 64 shares during the last quarter. CYBER HORNET ETFs LLC lifted its stake in shares of Phillips 66 by 5.7% in the 4th quarter. CYBER HORNET ETFs LLC now owns 1,228 shares of the oil and gas company’s stock valued at $158,000 after acquiring an additional 66 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in Phillips 66 by 2.3% during the 4th quarter. GHP Investment Advisors Inc. now owns 3,210 shares of the oil and gas company’s stock valued at $414,000 after acquiring an additional 72 shares during the period. Johnson Financial Group Inc. boosted its holdings in Phillips 66 by 11.9% during the 4th quarter. Johnson Financial Group Inc. now owns 679 shares of the oil and gas company’s stock valued at $88,000 after acquiring an additional 72 shares during the period. Finally, L2 Asset Management LLC grew its position in Phillips 66 by 4.0% during the 3rd quarter. L2 Asset Management LLC now owns 1,893 shares of the oil and gas company’s stock worth $257,000 after acquiring an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Down 0.0%

Shares of NYSE:PSX opened at $166.13 on Friday. The stock’s 50-day moving average is $171.94 and its 200 day moving average is $158.93. The company has a market cap of $66.61 billion, a PE ratio of 16.37, a P/E/G ratio of 0.24 and a beta of 0.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85. Phillips 66 has a 1 year low of $118.00 and a 1 year high of $190.61.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share for the quarter, topping the consensus estimate of ($0.54) by $1.03. The business had revenue of $32.54 billion during the quarter, compared to analysts’ expectations of $35.86 billion. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.90) EPS. Sell-side analysts anticipate that Phillips 66 will post 18.22 EPS for the current year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a $1.27 dividend. The ex-dividend date was Monday, May 18th. This represents a $5.08 annualized dividend and a yield of 3.1%. Phillips 66’s payout ratio is 50.05%.

Insider Buying and Selling at Phillips 66

In related news, Director Kevin Omar Meyers bought 175 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was purchased at an average cost of $173.12 per share, with a total value of $30,296.00. Following the transaction, the director owned 16,799 shares in the company, valued at approximately $2,908,242.88. This trade represents a 1.05% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin J. Mitchell sold 600 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $171.56, for a total transaction of $102,936.00. Following the completion of the sale, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at approximately $16,705,826.56. This represents a 0.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 45,629 shares of company stock worth $8,071,540. 0.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. BMO Capital Markets lifted their price target on Phillips 66 from $195.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. raised their target price on shares of Phillips 66 from $188.00 to $202.00 in a report on Thursday, April 30th. Wells Fargo & Company raised their target price on shares of Phillips 66 from $163.00 to $201.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Scotiabank lifted their target price on shares of Phillips 66 from $140.00 to $151.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group upped their price target on shares of Phillips 66 from $173.00 to $191.00 and gave the company a “hold” rating in a report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $192.33.

Phillips 66 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.