Ashton Thomas Securities LLC Buys 106 Shares of Phillips 66 $PSX

Ashton Thomas Securities LLC raised its stake in Phillips 66 (NYSE:PSX) by 6.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,857 shares of the oil and gas company’s stock after purchasing an additional 106 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Phillips 66 were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Wolff Wiese Magana LLC lifted its stake in Phillips 66 by 62.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 214 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 82 shares in the last quarter. von Borstel & Associates Inc. purchased a new stake in shares of Phillips 66 in the first quarter valued at about $27,000. Olde Wealth Management LLC purchased a new position in Phillips 66 during the first quarter worth about $28,000. Opal Wealth Advisors LLC purchased a new position in Phillips 66 during the first quarter worth about $29,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in Phillips 66 in the 1st quarter worth about $29,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, Director Sigmund L. Cornelius acquired 500 shares of Phillips 66 stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average cost of $123.55 per share, for a total transaction of $61,775.00. Following the purchase, the director owned 21,543 shares of the company’s stock, valued at approximately $2,661,637.65. This represents a 2.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael A. Heim bought 1,000 shares of the stock in a transaction on Wednesday, July 30th. The shares were acquired at an average cost of $125.97 per share, for a total transaction of $125,970.00. Following the acquisition, the director directly owned 12,043 shares in the company, valued at approximately $1,517,056.71. This trade represents a 9.06% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 9,850 shares of company stock valued at $1,188,910 and sold 13,179 shares valued at $1,779,165. Company insiders own 0.22% of the company’s stock.

Phillips 66 Stock Down 1.3%

Shares of NYSE PSX opened at $133.14 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.07 and a quick ratio of 0.79. The stock has a market capitalization of $53.80 billion, a PE ratio of 32.00, a P/E/G ratio of 1.95 and a beta of 1.11. Phillips 66 has a one year low of $91.01 and a one year high of $142.35. The business’s fifty day moving average price is $128.89 and its 200-day moving average price is $120.49.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, July 25th. The oil and gas company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.59. The company had revenue of $33.77 billion during the quarter, compared to analyst estimates of $32.11 billion. Phillips 66 had a return on equity of 4.87% and a net margin of 1.27%.During the same quarter last year, the firm posted $2.31 EPS. On average, equities research analysts anticipate that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, August 19th. Phillips 66’s dividend payout ratio is presently 115.38%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PSX. Weiss Ratings restated a “hold (c)” rating on shares of Phillips 66 in a research note on Saturday, September 27th. TD Cowen boosted their price objective on Phillips 66 from $130.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Cantor Fitzgerald assumed coverage on Phillips 66 in a research report on Wednesday, June 18th. They set a “neutral” rating for the company. Evercore ISI lifted their target price on Phillips 66 from $130.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. Finally, Zacks Research upgraded shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $140.19.

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.