Savant Capital LLC Boosts Holdings in Phillips 66 (PSX)

Savant Capital LLC boosted its position in Phillips 66 (NYSE:PSX) by 9.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,752 shares of the oil and gas company’s stock after purchasing an additional 566 shares during the quarter. Savant Capital LLC’s holdings in Phillips 66 were worth $643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC bought a new stake in shares of Phillips 66 during the 1st quarter valued at $481,000. Trust Co. of Vermont raised its holdings in shares of Phillips 66 by 5.1% during the 1st quarter. Trust Co. of Vermont now owns 3,954 shares of the oil and gas company’s stock worth $376,000 after buying an additional 191 shares in the last quarter. Sigma Planning Corp raised its holdings in shares of Phillips 66 by 23.5% during the 1st quarter. Sigma Planning Corp now owns 18,492 shares of the oil and gas company’s stock worth $1,760,000 after buying an additional 3,524 shares in the last quarter. Convergence Investment Partners LLC increased its holdings in Phillips 66 by 37.4% in the 1st quarter. Convergence Investment Partners LLC now owns 32,284 shares of the oil and gas company’s stock worth $3,072,000 after purchasing an additional 8,789 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Phillips 66 by 2.9% in the 1st quarter. Parallel Advisors LLC now owns 10,248 shares of the oil and gas company’s stock worth $975,000 after purchasing an additional 284 shares in the last quarter. Institutional investors and hedge funds own 70.16% of the company’s stock.

In related news, Director John E. Lowe purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average cost of $82.91 per share, with a total value of $165,820.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Shares of Phillips 66 stock traded up $0.23 on Wednesday, hitting $82.75. The company had a trading volume of 2,146,405 shares, compared to its average volume of 2,750,683. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The company has a market cap of $37.62 billion, a PE ratio of 7.07, a price-to-earnings-growth ratio of 1.33 and a beta of 0.91. Phillips 66 has a 1 year low of $78.44 and a 1 year high of $123.97.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, April 30th. The oil and gas company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.06. Phillips 66 had a return on equity of 19.96% and a net margin of 4.63%. The company had revenue of $23.66 billion during the quarter, compared to the consensus estimate of $24.66 billion. During the same period last year, the business posted $1.04 earnings per share. As a group, research analysts anticipate that Phillips 66 will post 7.33 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a $0.90 dividend. This is a positive change from Phillips 66’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Friday, May 17th. Phillips 66’s dividend payout ratio (DPR) is presently 30.74%.

A number of equities analysts have issued reports on PSX shares. Argus lowered their target price on Phillips 66 to $116.00 and set a “buy” rating for the company in a report on Thursday, February 14th. Tudor Pickering raised Phillips 66 from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Bank of America raised Phillips 66 from a “neutral” rating to a “buy” rating and set a $126.00 price target for the company in a research note on Monday, April 29th. They noted that the move was a valuation call. Morgan Stanley decreased their price target on Phillips 66 from $115.00 to $105.00 and set an “equal weight” rating for the company in a research note on Friday, May 17th. Finally, Jefferies Financial Group lowered Phillips 66 from a “buy” rating to a “hold” rating and upped their target price for the company from $105.00 to $107.00 in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $119.42.

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Phillips 66 Profile

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market; provides terminaling and storage services for crude oil and 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.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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