Sivia Capital Partners LLC Increases Stock Position in Phillips 66 $PSX

Sivia Capital Partners LLC boosted its stake in Phillips 66 (NYSE:PSX) by 73.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,958 shares of the oil and gas company’s stock after purchasing an additional 2,950 shares during the quarter. Sivia Capital Partners LLC’s holdings in Phillips 66 were worth $898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Board of the Pension Protection Fund bought a new position in Phillips 66 during the fourth quarter valued at approximately $26,000. Accordant Advisory Group Inc grew its position in Phillips 66 by 900.0% during the fourth quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 180 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Phillips 66 during the fourth quarter valued at approximately $27,000. Stephens Consulting LLC grew its position in Phillips 66 by 67.7% during the fourth quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 90 shares during the last quarter. Finally, Dorato Capital Management bought a new position in Phillips 66 during the fourth quarter valued at approximately $35,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Kevin J. Mitchell sold 600 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $171.56, for a total value of $102,936.00. Following the completion of the sale, the chief financial officer owned 97,376 shares of the company’s stock, valued at $16,705,826.56. This trade represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Brian Mandell sold 42,800 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $169.53, for a total value of $7,255,884.00. Following the completion of the sale, the executive vice president directly owned 61,595 shares of the company’s stock, valued at $10,442,200.35. The trade was a 41.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 92,229 shares of company stock worth $15,990,030. 0.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PSX. Jefferies Financial Group increased their price target on shares of Phillips 66 from $173.00 to $191.00 and gave the company a “hold” rating in a research report on Tuesday, May 26th. Tudor Pickering upgraded shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Scotiabank increased their price target on shares of Phillips 66 from $140.00 to $151.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Morgan Stanley reiterated an “overweight” rating and set a $180.00 price target on shares of Phillips 66 in a research report on Thursday, April 30th. Finally, Wall Street Zen cut shares of Phillips 66 from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $191.28.

Phillips 66 Stock Performance

NYSE:PSX opened at $184.14 on Friday. The firm has a market cap of $73.83 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 0.27 and a beta of 0.68. Phillips 66 has a fifty-two week low of $111.37 and a fifty-two week high of $190.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.13. The business has a 50 day moving average price of $172.71 and a 200-day moving average price of $155.98.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.03. The firm had revenue of $32.54 billion during the quarter, compared to analyst estimates of $35.86 billion. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.90) earnings per share. Equities research analysts predict that Phillips 66 will post 17.64 earnings per share for the current year.

Phillips 66 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, May 18th. Phillips 66’s dividend payout ratio is 50.05%.

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.