Phillips 66 (NYSE:PSX) Shares Bought by First American Trust FSB

First American Trust FSB raised its holdings in Phillips 66 (NYSE:PSX) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,595 shares of the oil and gas company’s stock after purchasing an additional 466 shares during the period. First American Trust FSB’s holdings in Phillips 66 were worth $7,801,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. LifePlan Financial LLC acquired a new stake in shares of Phillips 66 during the 4th quarter valued at approximately $260,000. Sippican Capital Advisors acquired a new stake in shares of Phillips 66 during the 4th quarter valued at approximately $211,000. Investors Research Corp raised its position in shares of Phillips 66 by 2.4% during the 4th quarter. Investors Research Corp now owns 8,434 shares of the oil and gas company’s stock valued at $1,123,000 after acquiring an additional 194 shares in the last quarter. Bison Wealth LLC raised its position in shares of Phillips 66 by 33.4% during the 4th quarter. Bison Wealth LLC now owns 8,192 shares of the oil and gas company’s stock valued at $1,091,000 after acquiring an additional 2,050 shares in the last quarter. Finally, Dakota Wealth Management raised its position in shares of Phillips 66 by 112.8% during the 4th quarter. Dakota Wealth Management now owns 118,626 shares of the oil and gas company’s stock valued at $15,794,000 after acquiring an additional 62,891 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Stock Performance

PSX traded down $1.67 during midday trading on Monday, reaching $160.82. The company’s stock had a trading volume of 1,587,531 shares, compared to its average volume of 3,055,468. The stock has a market cap of $68.80 billion, a P/E ratio of 10.40, a PEG ratio of 2.05 and a beta of 1.37. The company has a fifty day simple moving average of $153.37 and a 200 day simple moving average of $134.25. The company has a current ratio of 1.26, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. Phillips 66 has a twelve month low of $89.74 and a twelve month high of $174.08.

Phillips 66 (NYSE:PSX) last released its earnings results on Wednesday, January 31st. The oil and gas company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.72. The firm had revenue of $38.74 billion for the quarter, compared to analyst estimates of $34.30 billion. Phillips 66 had a return on equity of 22.10% and a net margin of 4.68%. Research analysts expect that Phillips 66 will post 13.2 earnings per share for the current year.

Phillips 66 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a $1.15 dividend. The ex-dividend date is Friday, May 17th. This represents a $4.60 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Phillips 66’s previous quarterly dividend of $1.05. Phillips 66’s dividend payout ratio (DPR) is 27.15%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PSX shares. Scotiabank upped their price objective on Phillips 66 from $148.00 to $156.00 and gave the stock a “sector outperform” rating in a research note on Thursday. Bank of America upped their price objective on Phillips 66 from $150.00 to $180.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Raymond James upped their price objective on Phillips 66 from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. The Goldman Sachs Group upped their price objective on Phillips 66 from $152.00 to $174.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Finally, StockNews.com upgraded Phillips 66 from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.86.

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, VP Joseph Scott Pruitt sold 5,922 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $157.40, for a total value of $932,122.80. Following the completion of the sale, the vice president now owns 6,583 shares in the company, valued at approximately $1,036,164.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robert W. Pease acquired 682 shares of Phillips 66 stock in a transaction on Thursday, February 15th. The stock was bought at an average price of $146.58 per share, for a total transaction of $99,967.56. Following the transaction, the director now owns 1,900 shares of the company’s stock, valued at $278,502. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Joseph Scott Pruitt sold 5,922 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $157.40, for a total value of $932,122.80. Following the completion of the sale, the vice president now owns 6,583 shares of the company’s stock, valued at approximately $1,036,164.20. The disclosure for this sale can be found here. Insiders have sold 35,056 shares of company stock valued at $5,272,681 in the last 90 days. 0.22% of the stock is currently owned by insiders.

Phillips 66 Company 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.