Sivia Capital Partners LLC Increases Stock Holdings in Phillips 66 $PSX

Sivia Capital Partners LLC increased its holdings in Phillips 66 (NYSE:PSX) by 73.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,958 shares of the oil and gas company’s stock after acquiring an additional 2,950 shares during the quarter. Sivia Capital Partners LLC’s holdings in Phillips 66 were worth $898,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sarver Vrooman Wealth Advisors lifted its position in Phillips 66 by 15.7% during the fourth quarter. Sarver Vrooman Wealth Advisors now owns 633 shares of the oil and gas company’s stock valued at $82,000 after buying an additional 86 shares during the period. CIBC Asset Management Inc lifted its position in Phillips 66 by 66.4% during the fourth quarter. CIBC Asset Management Inc now owns 95,885 shares of the oil and gas company’s stock valued at $12,373,000 after buying an additional 38,266 shares during the period. Marble Wealth LLC purchased a new position in Phillips 66 during the fourth quarter valued at $1,587,000. Mccarter Private Wealth Services LLC lifted its position in Phillips 66 by 40.6% during the fourth quarter. Mccarter Private Wealth Services LLC now owns 4,598 shares of the oil and gas company’s stock valued at $593,000 after buying an additional 1,328 shares during the period. Finally, Westpac Banking Corp purchased a new position in Phillips 66 during the fourth quarter valued at $369,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Insider Buying and Selling

In related news, Director Kevin Omar Meyers purchased 175 shares of Phillips 66 stock in a transaction dated Wednesday, May 6th. The stock was purchased at an average cost of $173.12 per share, for a total transaction of $30,296.00. Following the completion of the acquisition, the director directly owned 16,799 shares of the company’s stock, valued at $2,908,242.88. The trade was a 1.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Mandell sold 42,800 shares of Phillips 66 stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $169.53, for a total value of $7,255,884.00. Following the completion of the sale, the executive vice president owned 61,595 shares of the company’s stock, valued at $10,442,200.35. The trade was a 41.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 92,229 shares of company stock valued at $15,990,030 over the last ninety days. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PSX. Barclays raised their price objective on Phillips 66 from $158.00 to $177.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. BMO Capital Markets raised their price objective on Phillips 66 from $195.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Zacks Research raised Phillips 66 from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Wall Street Zen lowered Phillips 66 from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Citigroup raised their price objective on Phillips 66 from $159.00 to $183.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $191.28.

Phillips 66 Price Performance

Shares of NYSE:PSX opened at $184.14 on Friday. Phillips 66 has a 1-year low of $111.37 and a 1-year high of $190.61. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85. The business has a fifty day moving average price of $172.71 and a 200-day moving average price of $155.98. The company has a market capitalization of $73.83 billion, a PE ratio of 18.14, a PEG ratio of 0.27 and a beta of 0.68.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share for the quarter, beating the consensus estimate of ($0.54) by $1.03. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The firm had revenue of $32.54 billion during the quarter, compared to the consensus estimate of $35.86 billion. During the same period last year, the company earned ($0.90) earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts expect that Phillips 66 will post 17.64 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a dividend of $1.27 per share. The ex-dividend date was Monday, May 18th. This represents a $5.08 annualized dividend and a dividend yield of 2.8%. Phillips 66’s dividend payout ratio (DPR) is presently 50.05%.

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.