Creekmur Asset Management LLC Sells 2,886 Shares of Phillips 66 (NYSE:PSX)

Creekmur Asset Management LLC decreased its holdings in Phillips 66 (NYSE:PSX - Free Report) by 43.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,773 shares of the oil and gas company's stock after selling 2,886 shares during the quarter. Creekmur Asset Management LLC's holdings in Phillips 66 were worth $466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in Phillips 66 by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 8,530,242 shares of the oil and gas company's stock worth $968,844,000 after purchasing an additional 82,758 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Phillips 66 by 283.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,026,649 shares of the oil and gas company's stock worth $686,618,000 after buying an additional 4,455,220 shares during the last quarter. Northern Trust Corp increased its position in Phillips 66 by 10.6% during the 4th quarter. Northern Trust Corp now owns 4,589,079 shares of the oil and gas company's stock valued at $522,834,000 after buying an additional 440,107 shares in the last quarter. Norges Bank purchased a new position in Phillips 66 during the fourth quarter valued at $497,648,000. Finally, Invesco Ltd. boosted its holdings in Phillips 66 by 9.2% in the fourth quarter. Invesco Ltd. now owns 4,112,618 shares of the oil and gas company's stock worth $468,551,000 after acquiring an additional 347,905 shares in the last quarter. Institutional investors own 76.93% of the company's stock.

Insider Buying and Selling at Phillips 66

In other news, EVP Vanessa Allen Sutherland sold 4,393 shares of the business's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $130.00, for a total value of $571,090.00. Following the completion of the sale, the executive vice president owned 43,373 shares of the company's stock, valued at approximately $5,638,490. The trade was a 9.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brian Mandell sold 9,800 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $125.00, for a total value of $1,225,000.00. Following the sale, the executive vice president directly owned 56,838 shares in the company, valued at $7,104,750. This represents a 14.71% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.22% of the company's stock.

Phillips 66 Stock Up 0.7%

PSX traded up $0.85 during trading on Friday, hitting $126.03. The company had a trading volume of 3,256,697 shares, compared to its average volume of 3,134,374. The company has a market capitalization of $51.35 billion, a PE ratio of 28.71, a PEG ratio of 1.96 and a beta of 1.02. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 0.63. Phillips 66 has a one year low of $91.01 and a one year high of $150.12. The firm's 50-day moving average price is $121.05 and its 200 day moving average price is $118.13.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share 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 firm had revenue of $31.92 billion for the quarter, compared to analyst estimates of $31.93 billion. During the same period in the prior year, the company earned $1.90 earnings per share. As a group, equities analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be issued a $1.20 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.81%. Phillips 66's dividend payout ratio (DPR) is presently 109.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Compass Point assumed coverage on Phillips 66 in a research report on Wednesday, June 18th. They issued a "buy" rating for the company. The Goldman Sachs Group lowered Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price objective for the company. in a report on Thursday, March 27th. Tudor Pickering downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Raymond James Financial set a $142.00 target price on shares of Phillips 66 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Evercore ISI began coverage on Phillips 66 in a report on Wednesday, June 18th. They issued an "outperform" rating and a $130.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $135.27.

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.