Phillips 66 (NYSE:PSX) Stock Holdings Trimmed by Keybank National Association OH

Keybank National Association OH reduced its stake in Phillips 66 (NYSE:PSX - Free Report) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,226 shares of the oil and gas company's stock after selling 4,417 shares during the period. Keybank National Association OH's holdings in Phillips 66 were worth $17,315,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. J.Safra Asset Management Corp bought a new stake in shares of Phillips 66 during the 4th quarter valued at $25,000. Pacific Center for Financial Services purchased a new stake in Phillips 66 in the 4th quarter worth about $27,000. Graney & King LLC bought a new position in shares of Phillips 66 in the fourth quarter worth about $28,000. Wood Tarver Financial Group LLC bought a new stake in shares of Phillips 66 in the fourth quarter valued at about $29,000. Finally, Opal Wealth Advisors LLC bought a new position in Phillips 66 in the first quarter worth about $29,000. 76.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Phillips 66 news, 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 transaction of $1,225,000.00. Following the transaction, the executive vice president owned 56,838 shares of the company's stock, valued at $7,104,750. This trade represents a 14.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert W. Pease purchased 439 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of $113.85 per share, for a total transaction of $49,980.15. Following the completion of the transaction, the director owned 4,091 shares in the company, valued at approximately $465,760.35. This represents a 12.02% increase in their position. The disclosure for this purchase can be found here. 0.22% of the stock is owned by company insiders.

Phillips 66 Trading Up 0.3%

Phillips 66 stock traded up $0.34 during trading on Friday, reaching $126.80. The company had a trading volume of 1,290,860 shares, compared to its average volume of 3,104,736. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.23. The firm has a market capitalization of $51.66 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 1.98 and a beta of 1.02. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $150.12. The stock's 50 day moving average price is $116.48 and its two-hundred day moving average price is $116.98.

Phillips 66 (NYSE:PSX - Get Free Report) last announced 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 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 quarter 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 fiscal year.

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued 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 an increase from Phillips 66's previous quarterly dividend of $1.15. Phillips 66's dividend payout ratio is currently 109.34%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PSX. Wells Fargo & Company dropped their price target on Phillips 66 from $149.00 to $147.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 11th. Evercore ISI initiated coverage on Phillips 66 in a report on Wednesday, June 18th. They issued an "outperform" rating and a $130.00 price objective for the company. TD Cowen raised their target price on Phillips 66 from $114.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Cantor Fitzgerald initiated coverage on shares of Phillips 66 in a research report on Wednesday, June 18th. They issued a "neutral" rating for the company. Finally, Compass Point started coverage on shares of Phillips 66 in a report on Wednesday, June 18th. They issued a "buy" rating for the company. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.93.

Phillips 66 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.