Uncommon Cents Investing LLC Grows Stake in Phillips 66 (NYSE:PSX)

Uncommon Cents Investing LLC grew its holdings in Phillips 66 (NYSE:PSX) by 13.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,682 shares of the oil and gas company’s stock after buying an additional 430 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Phillips 66 were worth $490,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Cornerstone Wealth Management LLC increased its position in Phillips 66 by 1.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 6,495 shares of the oil and gas company’s stock worth $865,000 after buying an additional 86 shares in the last quarter. Port Capital LLC boosted its stake in shares of Phillips 66 by 3.6% in the second quarter. Port Capital LLC now owns 2,617 shares of the oil and gas company’s stock worth $250,000 after acquiring an additional 91 shares during the period. Ausdal Financial Partners Inc. boosted its stake in shares of Phillips 66 by 1.9% in the third quarter. Ausdal Financial Partners Inc. now owns 4,859 shares of the oil and gas company’s stock worth $584,000 after acquiring an additional 92 shares during the period. Harbour Investments Inc. boosted its stake in shares of Phillips 66 by 3.5% in the third quarter. Harbour Investments Inc. now owns 2,772 shares of the oil and gas company’s stock worth $333,000 after acquiring an additional 93 shares during the period. Finally, Waldron Private Wealth LLC boosted its stake in shares of Phillips 66 by 2.0% in the third quarter. Waldron Private Wealth LLC now owns 4,788 shares of the oil and gas company’s stock worth $575,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Up 2.8 %

Shares of NYSE:PSX traded up $4.41 during trading on Thursday, hitting $163.37. The company had a trading volume of 3,177,137 shares, compared to its average volume of 3,184,159. The stock has a market cap of $69.89 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 2.08 and a beta of 1.36. Phillips 66 has a one year low of $89.74 and a one year high of $163.79. The company has a fifty day simple moving average of $146.27 and a two-hundred day simple moving average of $130.34. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.26 and a quick ratio of 1.02.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Wednesday, January 31st. The oil and gas company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.72. Phillips 66 had a return on equity of 22.10% and a net margin of 4.68%. The firm had revenue of $38.74 billion for the quarter, compared to the consensus estimate of $34.30 billion. As a group, equities analysts forecast that Phillips 66 will post 12.55 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were issued a $1.05 dividend. The ex-dividend date was Friday, February 16th. This represents a $4.20 annualized dividend and a dividend yield of 2.57%. Phillips 66’s payout ratio is 27.15%.

Analyst Ratings Changes

A number of research firms have recently weighed in on PSX. TD Cowen upped their price objective on Phillips 66 from $134.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. Wells Fargo & Company upped their price objective on Phillips 66 from $163.00 to $179.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. 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. StockNews.com raised Phillips 66 from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Finally, Citigroup assumed coverage on Phillips 66 in a research note on Wednesday, January 24th. They set a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.69.

Insider Transactions at Phillips 66

In other news, VP Joseph Scott Pruitt sold 7,200 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $157.26, for a total value of $1,132,272.00. Following the sale, the vice president now directly owns 6,583 shares in the company, valued at $1,035,242.58. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Phillips 66 news, VP Joseph Scott Pruitt sold 7,200 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $157.26, for a total transaction of $1,132,272.00. Following the transaction, the vice president now directly owns 6,583 shares in the company, valued at approximately $1,035,242.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Pease acquired 682 shares of Phillips 66 stock in a transaction on Thursday, February 15th. The shares were purchased at an average price of $146.58 per share, for a total transaction of $99,967.56. Following the completion of the acquisition, the director now directly owns 1,900 shares in the company, valued at $278,502. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 40,309 shares of company stock worth $5,981,836. 4.57% of the stock is currently owned by company 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.