Phillips 66 $PSX Shares Sold by Brandywine Oak Private Wealth LLC

Brandywine Oak Private Wealth LLC trimmed its stake in shares of Phillips 66 (NYSE:PSX) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,253 shares of the oil and gas company’s stock after selling 160 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in Phillips 66 were worth $388,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PSX. Commerzbank Aktiengesellschaft FI lifted its position in shares of Phillips 66 by 51.6% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 29,529 shares of the oil and gas company’s stock valued at $3,523,000 after acquiring an additional 10,050 shares in the last quarter. Argyle Capital Management LLC lifted its position in Phillips 66 by 2.2% during the second quarter. Argyle Capital Management LLC now owns 20,867 shares of the oil and gas company’s stock worth $2,489,000 after buying an additional 450 shares in the last quarter. Horizon Bancorp Inc. IN purchased a new position in Phillips 66 during the second quarter worth approximately $89,000. Ramirez Asset Management Inc. raised its position in Phillips 66 by 136.0% in the second quarter. Ramirez Asset Management Inc. now owns 22,562 shares of the oil and gas company’s stock valued at $2,692,000 after purchasing an additional 13,000 shares during the period. Finally, Callan Family Office LLC raised its position in Phillips 66 by 73.1% in the second quarter. Callan Family Office LLC now owns 5,274 shares of the oil and gas company’s stock valued at $629,000 after purchasing an additional 2,228 shares during the period. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Trading Down 0.2%

Shares of Phillips 66 stock opened at $131.10 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. The firm has a market cap of $52.98 billion, a PE ratio of 31.51, a P/E/G ratio of 1.91 and a beta of 1.11. The business’s fifty day moving average is $129.36 and its two-hundred day moving average is $120.62. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $142.35.

Phillips 66 (NYSE:PSX) last issued its earnings results 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. Phillips 66 had a return on equity of 4.87% and a net margin of 1.27%.The business had revenue of $33.77 billion for the quarter, compared to analyst estimates of $32.11 billion. During the same period last year, the company posted $2.31 EPS. Analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, November 17th. Phillips 66’s dividend payout ratio (DPR) is 115.38%.

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, Director Sigmund L. Cornelius bought 500 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $123.55 per share, with a total value of $61,775.00. Following the completion of the acquisition, the director directly owned 21,543 shares of the company’s stock, valued at approximately $2,661,637.65. The trade was a 2.38% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Vanessa Allen Sutherland sold 4,393 shares of Phillips 66 stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $140.00, for a total value of $615,020.00. Following the sale, the executive vice president directly owned 34,587 shares in the company, valued at approximately $4,842,180. This trade represents a 11.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders bought 9,850 shares of company stock worth $1,188,910. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PSX shares. Wall Street Zen raised Phillips 66 from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Bank of America downgraded Phillips 66 from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $144.00 to $147.00 in a report on Wednesday, September 3rd. JPMorgan Chase & Co. set a $115.00 price target on Phillips 66 in a report on Wednesday, June 18th. Scotiabank reissued a “sector perform” rating and issued a $133.00 target price on shares of Phillips 66 in a report on Friday, July 11th. Finally, Barclays upped their price objective on Phillips 66 from $127.00 to $132.00 and gave the company an “equal weight” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Phillips 66 has an average rating of “Moderate Buy” and an average price target of $140.50.

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.