Savant Capital LLC Has $2.33 Million Stock Position in Phillips 66 $PSX

Savant Capital LLC reduced its holdings in shares of Phillips 66 (NYSE:PSX) by 61.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,052 shares of the oil and gas company’s stock after selling 28,202 shares during the quarter. Savant Capital LLC’s holdings in Phillips 66 were worth $2,329,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. CYBER HORNET ETFs LLC grew its holdings in shares of Phillips 66 by 5.7% during the fourth quarter. CYBER HORNET ETFs LLC now owns 1,228 shares of the oil and gas company’s stock valued at $158,000 after buying an additional 66 shares during the last quarter. GHP Investment Advisors Inc. grew its holdings in shares of Phillips 66 by 2.3% during the fourth quarter. GHP Investment Advisors Inc. now owns 3,210 shares of the oil and gas company’s stock valued at $414,000 after buying an additional 72 shares during the last quarter. L2 Asset Management LLC grew its holdings in shares of Phillips 66 by 4.0% during the third quarter. L2 Asset Management LLC now owns 1,893 shares of the oil and gas company’s stock valued at $257,000 after buying an additional 72 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in shares of Phillips 66 by 0.5% during the third quarter. Mesirow Financial Investment Management Inc. now owns 15,658 shares of the oil and gas company’s stock valued at $2,130,000 after buying an additional 73 shares during the last quarter. Finally, KCM Investment Advisors LLC grew its holdings in shares of Phillips 66 by 1.6% during the third quarter. KCM Investment Advisors LLC now owns 4,636 shares of the oil and gas company’s stock valued at $631,000 after buying an additional 74 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Down 0.0%

Phillips 66 stock opened at $175.79 on Monday. Phillips 66 has a fifty-two week low of $111.19 and a fifty-two week high of $190.61. The stock has a market cap of $70.48 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 0.26 and a beta of 0.68. The firm’s 50-day simple moving average is $172.38 and its 200 day simple moving average is $154.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.13.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results 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. Phillips 66 had a net margin of 2.99% and a return on equity of 10.98%. The business had revenue of $32.54 billion for the quarter, compared to analysts’ expectations of $35.86 billion. During the same period in the previous year, the company earned ($0.90) earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts predict that Phillips 66 will post 17.64 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be given a $1.27 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $5.08 annualized dividend and a yield of 2.9%. Phillips 66’s payout ratio is currently 50.05%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PSX. Morgan Stanley reiterated an “overweight” rating and set a $180.00 price objective on shares of Phillips 66 in a report on Thursday, April 30th. Argus boosted their price target on shares of Phillips 66 from $185.00 to $197.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. BMO Capital Markets boosted their price target on shares of Phillips 66 from $195.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Guggenheim upgraded shares of Phillips 66 to an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Phillips 66 from $188.00 to $202.00 in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $191.28.

Insider Activity at Phillips 66

In related news, Director Kevin Omar Meyers acquired 175 shares of the stock in a transaction on Wednesday, May 6th. The shares were acquired at an average price of $173.12 per share, with a total value of $30,296.00. Following the completion of the transaction, the director owned 16,799 shares in the company, valued at approximately $2,908,242.88. The trade was a 1.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $7,255,884.00. Following the completion of the sale, the executive vice president directly owned 61,595 shares in the company, valued at approximately $10,442,200.35. This represents a 41.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 114,029 shares of company stock worth $19,641,455. Insiders own 0.40% of the company’s stock.

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.