Compass Wealth Management LLC Has $2.55 Million Holdings in Phillips 66 (NYSE:PSX)

Compass Wealth Management LLC raised its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 1,221.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,629 shares of the oil and gas company's stock after acquiring an additional 19,068 shares during the period. Compass Wealth Management LLC's holdings in Phillips 66 were worth $2,547,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its position in Phillips 66 by 238.5% during the 4th quarter. Brighton Jones LLC now owns 10,239 shares of the oil and gas company's stock worth $1,166,000 after buying an additional 7,214 shares during the period. SBI Securities Co. Ltd. bought a new position in Phillips 66 during the fourth quarter worth about $49,000. Assetmark Inc. increased its position in Phillips 66 by 12.3% during the fourth quarter. Assetmark Inc. now owns 3,024 shares of the oil and gas company's stock worth $345,000 after acquiring an additional 332 shares during the period. Proficio Capital Partners LLC acquired a new stake in Phillips 66 in the 4th quarter worth about $16,771,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in Phillips 66 by 2.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 19,288 shares of the oil and gas company's stock valued at $2,198,000 after purchasing an additional 457 shares during the period. Institutional investors and hedge funds own 76.93% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PSX shares. Barclays raised their target price on shares of Phillips 66 from $106.00 to $115.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Cantor Fitzgerald assumed coverage on Phillips 66 in a research report on Wednesday, June 18th. They set a "neutral" rating on the stock. UBS Group dropped their price objective on Phillips 66 from $144.00 to $140.00 and set a "buy" rating for the company in a report on Monday, April 28th. Mizuho upped their target price on Phillips 66 from $132.00 to $138.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley reduced their target price on Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $133.93.

Phillips 66 Stock Performance

Phillips 66 stock opened at $126.80 on Friday. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $150.12. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 0.63. The business's 50-day moving average price is $116.94 and its two-hundred day moving average price is $117.09. The stock has a market cap of $51.66 billion, a PE ratio of 28.88, a P/E/G ratio of 2.00 and a beta of 1.02.

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) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). The company had revenue of $31.92 billion during the quarter, compared to analyst estimates of $31.93 billion. Phillips 66 had a net margin of 1.32% and a return on equity of 4.83%. During the same quarter in the previous year, the business posted $1.90 earnings per share. As a group, analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a $1.20 dividend. The ex-dividend date was Monday, May 19th. This represents a $4.80 dividend on an annualized basis and a yield of 3.79%. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. Phillips 66's dividend payout ratio (DPR) is currently 109.34%.

Insiders Place Their Bets

In other news, EVP Brian Mandell sold 9,800 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $125.00, for a total transaction of $1,225,000.00. Following the completion of the transaction, the executive vice president directly owned 56,838 shares in the company, valued at approximately $7,104,750. This represents a 14.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert W. Pease acquired 439 shares of Phillips 66 stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average price of $113.85 per share, for a total transaction of $49,980.15. Following the transaction, the director directly owned 4,091 shares in the company, valued at $465,760.35. The trade was a 12.02% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.22% of the company's stock.

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.

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