Heck Capital Advisors LLC Invests $748,000 in Phillips 66 (NYSE:PSX)

Heck Capital Advisors LLC acquired a new position in Phillips 66 (NYSE:PSX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,563 shares of the oil and gas company's stock, valued at approximately $748,000.

Other hedge funds have also made changes to their positions in the company. Bogart Wealth LLC increased its position in shares of Phillips 66 by 120.0% in the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after purchasing an additional 120 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in Phillips 66 in the fourth quarter valued at about $25,000. Pacific Center for Financial Services acquired a new stake in Phillips 66 during the fourth quarter valued at approximately $27,000. Stephens Consulting LLC lifted its holdings in Phillips 66 by 83.5% during the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after buying an additional 111 shares during the last quarter. Finally, Graney & King LLC bought a new position in Phillips 66 during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PSX. Scotiabank dropped 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. Wells Fargo & Company decreased their price target on shares of Phillips 66 from $162.00 to $149.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Tudor Pickering lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 22nd. The Goldman Sachs Group cut shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price on the stock. in a report on Thursday, March 27th. Finally, Raymond James lowered their target price on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $137.86.

Insider Buying and Selling

In other Phillips 66 news, Director Robert W. Pease bought 439 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were bought at an average price of $113.85 per share, for a total transaction of $49,980.15. Following the acquisition, the director now directly owns 4,091 shares of the company's stock, valued at approximately $465,760.35. This trade represents a 12.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.22% of the company's stock.

Phillips 66 Price Performance

Phillips 66 stock traded up $2.03 during mid-day trading on Thursday, hitting $114.80. The company's stock had a trading volume of 2,609,889 shares, compared to its average volume of 3,002,778. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $150.12. The stock's fifty day moving average price is $109.74 and its two-hundred day moving average price is $118.78. The stock has a market capitalization of $46.77 billion, a P/E ratio of 23.24, a P/E/G ratio of 4.84 and a beta of 1.01. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

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). The company had revenue of $31.92 billion for the quarter, compared to analysts' expectations of $31.93 billion. Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period in the prior year, the company earned $1.90 earnings per share. Research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Monday, May 19th. This is an increase from Phillips 66's previous quarterly dividend of $1.15. Phillips 66's dividend payout ratio is 109.34%.

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.