ORG Partners LLC Acquires 162 Shares of Phillips 66 (NYSE:PSX)

ORG Partners LLC grew its holdings in Phillips 66 (NYSE:PSX) by 18.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,050 shares of the oil and gas company’s stock after acquiring an additional 162 shares during the period. ORG Partners LLC’s holdings in Phillips 66 were worth $131,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Advisory Resource Group grew its position in Phillips 66 by 6.8% in the first quarter. Advisory Resource Group now owns 256,327 shares of the oil and gas company’s stock worth $31,651,000 after acquiring an additional 16,300 shares in the last quarter. Silver Oak Securities Incorporated boosted its holdings in shares of Phillips 66 by 12.1% during the 1st quarter. Silver Oak Securities Incorporated now owns 2,394 shares of the oil and gas company’s stock worth $291,000 after buying an additional 259 shares during the period. Plimoth Trust Co. LLC boosted its holdings in shares of Phillips 66 by 17.8% during the 1st quarter. Plimoth Trust Co. LLC now owns 2,976 shares of the oil and gas company’s stock worth $367,000 after buying an additional 450 shares during the period. HCR Wealth Advisors boosted its holdings in shares of Phillips 66 by 4.0% during the 1st quarter. HCR Wealth Advisors now owns 2,708 shares of the oil and gas company’s stock worth $334,000 after buying an additional 104 shares during the period. Finally, Wealthspan Partners LLC bought a new stake in shares of Phillips 66 during the 1st quarter worth $215,000. 76.93% of the stock is owned by institutional investors.

Insider Transactions at Phillips 66

In other news, Director Robert W. Pease purchased 439 shares of the business’s stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average cost of $113.85 per share, with a total value of $49,980.15. Following the acquisition, the director now directly owns 4,091 shares of the company’s stock, valued at approximately $465,760.35. This trade represents a 12.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Brian Mandell sold 9,800 shares of the business’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $125.00, for a total transaction of $1,225,000.00. Following the completion of the transaction, the executive vice president now owns 56,838 shares in the company, valued at approximately $7,104,750. This trade represents a 14.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

Phillips 66 Price Performance

Shares of Phillips 66 stock opened at $124.87 on Friday. The firm has a fifty day moving average price of $112.45 and a two-hundred day moving average price of $117.14. The company has a market cap of $50.88 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 1.94 and a beta of 1.02. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $150.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.23 and a quick ratio of 0.88.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.97). The business had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 had a return on equity of 4.83% and a net margin of 1.32%. During the same period in the previous year, the business posted $1.90 earnings per share. Analysts expect that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.84%. This is an increase from Phillips 66’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, May 19th. Phillips 66’s dividend payout ratio (DPR) is presently 109.34%.

Analyst Ratings Changes

PSX has been the subject of several recent analyst reports. Evercore ISI initiated coverage on shares of Phillips 66 in a report on Wednesday. They set an “outperform” rating and a $130.00 price objective for the company. JPMorgan Chase & Co. set a $115.00 price objective on shares of Phillips 66 in a report on Wednesday. Raymond James Financial decreased their price objective on shares of Phillips 66 from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. The Goldman Sachs Group downgraded shares of Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price objective for the company. in a report on Thursday, March 27th. Finally, UBS Group reduced their price target on shares of Phillips 66 from $144.00 to $140.00 and set a “buy” rating for the company in a report on Monday, April 28th. Eight investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus target price of $133.93.

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.