4,906 Shares in Phillips 66 (NYSE:PSX) Purchased by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC purchased a new stake in shares of Phillips 66 (NYSE:PSX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,906 shares of the oil and gas company's stock, valued at approximately $606,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. J.Safra Asset Management Corp bought a new stake in shares of Phillips 66 during the fourth quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Phillips 66 during the first quarter valued at approximately $29,000. Pacific Center for Financial Services bought a new stake in shares of Phillips 66 during the fourth quarter valued at approximately $27,000. Graney & King LLC bought a new stake in shares of Phillips 66 during the fourth quarter valued at approximately $28,000. Finally, Wood Tarver Financial Group LLC bought a new stake in shares of Phillips 66 during the fourth quarter valued at approximately $29,000. Institutional investors own 76.93% of the company's stock.

Phillips 66 Price Performance

NYSE PSX opened at $123.60 on Tuesday. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $150.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The company has a market cap of $50.36 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 4.84 and a beta of 1.02. The stock's fifty day moving average price is $110.46 and its 200 day moving average price is $117.28.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.97). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. The business had revenue of $31.92 billion during the quarter, compared to analysts' expectations of $31.93 billion. During the same period in the previous year, the company posted $1.90 earnings per share. As a group, equities research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 3.88%. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date was Monday, May 19th. Phillips 66's dividend payout ratio is presently 109.34%.

Insider Buying and Selling at Phillips 66

In other news, Director Robert W. Pease bought 439 shares of the stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of $113.85 per share, with a total value of $49,980.15. Following the purchase, the director now directly owns 4,091 shares in the company, valued at $465,760.35. The trade was a 12.02% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Tudor Pickering lowered Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Scotiabank reduced their price target on Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. reduced their price target on Phillips 66 from $138.00 to $131.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. Mizuho upped their price target on Phillips 66 from $132.00 to $138.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Finally, UBS Group reduced their price target on Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Phillips 66 currently has an average rating of "Moderate Buy" and a consensus price target of $135.46.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.