Krilogy Financial LLC Makes New Investment in Phillips 66 $PSX

Krilogy Financial LLC acquired a new stake in Phillips 66 (NYSE:PSX) during the third quarter, HoldingsChannel reports. The firm acquired 14,148 shares of the oil and gas company’s stock, valued at approximately $1,923,000.

Other hedge funds have also made changes to their positions in the company. Evolution Wealth Management Inc. acquired a new position in Phillips 66 in the 2nd quarter valued at about $25,000. Winnow Wealth LLC acquired a new stake in Phillips 66 during the 3rd quarter worth approximately $36,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Phillips 66 in the 2nd quarter valued at approximately $32,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Phillips 66 in the second quarter valued at approximately $38,000. Finally, AXS Investments LLC purchased a new stake in shares of Phillips 66 during the third quarter worth approximately $44,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Up 2.6%

PSX stock opened at $161.32 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $139.65 and its 200 day moving average price is $134.43. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $161.53. The company has a market cap of $65.00 billion, a P/E ratio of 14.91, a P/E/G ratio of 0.56 and a beta of 0.90.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.32. The company had revenue of $32.16 billion during the quarter, compared to the consensus estimate of $33.81 billion. Phillips 66 had a net margin of 3.22% and a return on equity of 9.28%. During the same period last year, the firm earned ($0.15) EPS. On average, research analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Monday, February 23rd will be given a dividend of $1.27 per share. The ex-dividend date is Monday, February 23rd. This is a positive change from Phillips 66’s previous quarterly dividend of $1.20. This represents a $5.08 dividend on an annualized basis and a yield of 3.1%. Phillips 66’s dividend payout ratio (DPR) is presently 44.36%.

Insider Buying and Selling at Phillips 66

In related news, EVP Vanessa Allen Sutherland sold 4,394 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $150.00, for a total value of $659,100.00. Following the sale, the executive vice president directly owned 25,799 shares of the company’s stock, valued at approximately $3,869,850. This represents a 14.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian Mandell sold 25,500 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $140.04, for a total transaction of $3,571,020.00. Following the transaction, the executive vice president owned 56,838 shares of the company’s stock, valued at $7,959,593.52. This trade represents a 30.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 60,488 shares of company stock worth $8,474,466 in the last three months. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PSX shares. Wolfe Research lifted their price objective on shares of Phillips 66 from $159.00 to $164.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Mizuho lifted their target price on shares of Phillips 66 from $150.00 to $152.00 and gave the company a “neutral” rating in a report on Monday, January 12th. BMO Capital Markets reiterated an “outperform” rating and set a $170.00 price target on shares of Phillips 66 in a research note on Friday, February 6th. Wall Street Zen downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, UBS Group reaffirmed a “buy” rating and issued a $172.00 price objective on shares of Phillips 66 in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $157.18.

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.