Roof Eidam Maycock Peralta LLC Has $522,000 Holdings in Phillips 66 (NYSE:PSX)

Roof Eidam Maycock Peralta LLC cut its holdings in Phillips 66 (NYSE:PSX) by 16.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,972 shares of the oil and gas company’s stock after selling 775 shares during the period. Roof Eidam Maycock Peralta LLC’s holdings in Phillips 66 were worth $522,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ballentine Partners LLC grew its stake in Phillips 66 by 3.9% during the first quarter. Ballentine Partners LLC now owns 2,913 shares of the oil and gas company’s stock worth $476,000 after buying an additional 110 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Phillips 66 in the 1st quarter valued at approximately $4,696,000. Gateway Investment Advisers LLC boosted its stake in shares of Phillips 66 by 19.8% in the 1st quarter. Gateway Investment Advisers LLC now owns 11,705 shares of the oil and gas company’s stock valued at $1,912,000 after purchasing an additional 1,934 shares in the last quarter. Community Bank of Raymore boosted its stake in shares of Phillips 66 by 25.6% in the 1st quarter. Community Bank of Raymore now owns 1,962 shares of the oil and gas company’s stock valued at $320,000 after purchasing an additional 400 shares in the last quarter. Finally, West Paces Advisors Inc. boosted its stake in shares of Phillips 66 by 4.0% in the 1st quarter. West Paces Advisors Inc. now owns 4,518 shares of the oil and gas company’s stock valued at $738,000 after purchasing an additional 175 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Phillips 66

In other news, CFO Kevin J. Mitchell sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $139.01, for a total transaction of $4,170,300.00. Following the completion of the sale, the chief financial officer now owns 81,937 shares of the company’s stock, valued at $11,390,062.37. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.22% of the company’s stock.

Phillips 66 Stock Down 1.0 %

Phillips 66 stock opened at $131.32 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.79 and a current ratio of 1.14. Phillips 66 has a 52-week low of $107.85 and a 52-week high of $174.08. The firm has a 50 day moving average price of $133.09 and a two-hundred day moving average price of $139.92. The firm has a market cap of $55.67 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 5.75 and a beta of 1.33.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Tuesday, July 30th. The oil and gas company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.98 by $0.33. The company had revenue of $38.91 billion during the quarter, compared to the consensus estimate of $37.79 billion. Phillips 66 had a net margin of 3.32% and a return on equity of 16.77%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.87 EPS. Equities analysts predict that Phillips 66 will post 7.85 EPS for the current year.

Phillips 66 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Monday, November 18th. Phillips 66’s dividend payout ratio (DPR) is 35.38%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Barclays reduced their price target on shares of Phillips 66 from $138.00 to $133.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 8th. Mizuho dropped their price objective on shares of Phillips 66 from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Piper Sandler set a $144.00 price objective on shares of Phillips 66 in a report on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Finally, TD Cowen dropped their price objective on shares of Phillips 66 from $162.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and an average target price of $149.50.

About Phillips 66

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.