Country Club Bank Has $885,000 Stock Holdings in Phillips 66 (NYSE:PSX)

Country Club Bank decreased its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 26.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,267 shares of the oil and gas company's stock after selling 2,630 shares during the quarter. Country Club Bank's holdings in Phillips 66 were worth $885,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. von Borstel & Associates Inc. acquired a new stake in shares of Phillips 66 during the 1st quarter valued at approximately $27,000. Olde Wealth Management LLC purchased a new position in shares of Phillips 66 during the 1st quarter worth approximately $28,000. Opal Wealth Advisors LLC purchased a new position in shares of Phillips 66 during the 1st quarter worth approximately $29,000. Pacific Center for Financial Services purchased a new position in shares of Phillips 66 during the 4th quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of Phillips 66 during the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Down 0.4%

Shares of PSX stock traded down $0.49 during trading hours on Tuesday, hitting $128.52. 1,994,467 shares of the company were exchanged, compared to its average volume of 3,115,407. The business has a 50 day moving average of $119.91 and a two-hundred day moving average of $117.93. The company has a current ratio of 1.23, a quick ratio of 0.88 and a debt-to-equity ratio of 0.63. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $150.12. The company has a market capitalization of $52.36 billion, a PE ratio of 29.28, a PEG ratio of 2.11 and a beta of 1.02.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its 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 return on equity of 4.83% and a net margin of 1.32%. The business had revenue of $31.92 billion for the quarter, compared to analyst estimates of $31.93 billion. During the same quarter in the previous year, the company posted $1.90 EPS. Analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Tuesday, August 19th. Phillips 66's payout ratio is 109.34%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Scotiabank reaffirmed a "sector perform" rating and issued a $133.00 target price on shares of Phillips 66 in a research note on Friday. Morgan Stanley cut their price target on Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. UBS Group cut their price target on Phillips 66 from $144.00 to $140.00 and set a "buy" rating for the company in a report on Monday, April 28th. Barclays boosted their price target on Phillips 66 from $115.00 to $127.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Finally, Piper Sandler set a $148.00 price objective on shares of Phillips 66 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Phillips 66 presently has a consensus rating of "Moderate Buy" and a consensus price target of $135.21.

Insider Buying and Selling

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

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.