Valeo Financial Advisors LLC Purchases 1,647 Shares of Phillips 66 (NYSE:PSX)

Valeo Financial Advisors LLC grew its position in Phillips 66 (NYSE:PSX) by 12.8% during the third quarter, HoldingsChannel reports. The firm owned 14,527 shares of the oil and gas company’s stock after buying an additional 1,647 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Phillips 66 were worth $1,910,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC grew its stake in shares of Phillips 66 by 44.1% in the fourth quarter. V Square Quantitative Management LLC now owns 6,586 shares of the oil and gas company’s stock worth $877,000 after acquiring an additional 2,015 shares during the last quarter. Garde Capital Inc. acquired a new stake in shares of Phillips 66 in the fourth quarter worth $165,000. Syon Capital LLC grew its stake in shares of Phillips 66 by 7.9% in the fourth quarter. Syon Capital LLC now owns 3,401 shares of the oil and gas company’s stock worth $453,000 after acquiring an additional 248 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Phillips 66 in the fourth quarter worth $174,000. Finally, Wellington Management Group LLP grew its stake in shares of Phillips 66 by 20.3% in the fourth quarter. Wellington Management Group LLP now owns 10,903,130 shares of the oil and gas company’s stock worth $1,451,643,000 after acquiring an additional 1,842,226 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Down 0.1 %

Shares of NYSE:PSX opened at $136.35 on Friday. Phillips 66 has a 52 week low of $107.85 and a 52 week high of $174.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.79 and a current ratio of 1.14. The company’s fifty day moving average is $133.24 and its 200-day moving average is $141.50. The company has a market capitalization of $57.81 billion, a PE ratio of 10.49, a P/E/G ratio of 5.48 and a beta of 1.33.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Tuesday, July 30th. The oil and gas company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.33. Phillips 66 had a return on equity of 16.77% and a net margin of 3.32%. The business had revenue of $38.91 billion during the quarter, compared to analysts’ expectations of $37.79 billion. During the same period in the previous year, the business posted $3.87 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities research analysts predict that Phillips 66 will post 8.19 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.37%. Phillips 66’s dividend payout ratio is 35.38%.

Insider Activity at Phillips 66

In related news, CFO Kevin J. Mitchell sold 30,000 shares of Phillips 66 stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $139.01, for a total value of $4,170,300.00. Following the completion of the transaction, the chief financial officer now directly owns 81,937 shares of the company’s stock, valued at $11,390,062.37. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PSX. JPMorgan Chase & Co. lowered their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Mizuho decreased their price target on shares of Phillips 66 from $154.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company decreased their price target on shares of Phillips 66 from $182.00 to $167.00 and set an “overweight” rating on the stock in a research note on Wednesday. TD Cowen decreased their price target on shares of Phillips 66 from $162.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Finally, Scotiabank decreased their price target on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research note on Thursday. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Phillips 66 has an average rating of “Moderate Buy” and a consensus price target of $151.21.

Phillips 66 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.