Level Four Advisory Services LLC Has $5.35 Million Stock Holdings in Phillips 66 $PSX

Key Points

• Level Four Advisory Services LLC increased its stake in Phillips 66 by 15.6%, now holding 43,307 shares worth approximately $5.35 million.
• Phillips 66 announced a quarterly dividend of $1.20 per share, representing a 3.9% yield with an overall payout ratio of 115.38%.
• Analysts have a consensus rating of "Moderate Buy" for Phillips 66, with an average price target of $136.20.

Level Four Advisory Services LLC increased its holdings in Phillips 66 (NYSE:PSX - Free Report) by 15.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,307 shares of the oil and gas company's stock after purchasing an additional 5,849 shares during the period. Level Four Advisory Services LLC's holdings in Phillips 66 were worth $5,348,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cary Street Partners Financial LLC bought a new stake in Phillips 66 in the fourth quarter worth $4,333,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Phillips 66 by 20.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 158,934 shares of the oil and gas company's stock worth $19,625,000 after purchasing an additional 26,825 shares in the last quarter. Alta Advisers Ltd bought a new stake in Phillips 66 in the first quarter worth $253,000. Sustainable Insight Capital Management LLC bought a new stake in Phillips 66 in the first quarter worth $1,457,000. Finally, Advisory Resource Group boosted its holdings in Phillips 66 by 6.8% in the first quarter. Advisory Resource Group now owns 256,327 shares of the oil and gas company's stock worth $31,651,000 after purchasing an additional 16,300 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Phillips 66

In other news, EVP Vanessa Allen Sutherland sold 4,393 shares of the company's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $130.00, for a total transaction of $571,090.00. Following the completion of the transaction, the executive vice president owned 43,373 shares of the company's stock, valued at approximately $5,638,490. This represents a 9.20% 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 Sigmund L. Cornelius purchased 500 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was acquired at an average cost of $123.55 per share, with a total value of $61,775.00. Following the transaction, the director directly owned 21,543 shares of the company's stock, valued at approximately $2,661,637.65. This represents a 2.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 9,850 shares of company stock valued at $1,188,910 in the last three months. Company insiders own 0.22% of the company's stock.

Phillips 66 Stock Performance

Shares of PSX traded up $5.3520 during trading hours on Friday, reaching $129.8020. 2,674,005 shares of the company traded hands, compared to its average volume of 2,228,690. The stock's fifty day moving average is $124.31 and its 200 day moving average is $119.02. The stock has a market cap of $52.46 billion, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 1.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.79 and a current ratio of 1.07. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $140.85.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The oil and gas company reported $2.38 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.59. The business had revenue of $33.77 billion during the quarter, compared to analyst estimates of $32.11 billion. Phillips 66 had a net margin of 1.27% and a return on equity of 4.87%. During the same quarter in the prior year, the business earned $2.31 earnings per share. Equities research analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.7%. Phillips 66's dividend payout ratio is currently 115.38%.

Analyst Upgrades and Downgrades

PSX has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of Phillips 66 from $141.00 to $143.00 and gave the company a "buy" rating in a report on Monday, July 28th. Evercore ISI initiated coverage on shares of Phillips 66 in a report on Wednesday, June 18th. They set an "outperform" rating and a $130.00 price target for the company. Morgan Stanley upped their price target on shares of Phillips 66 from $122.00 to $128.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. set a $115.00 price target on shares of Phillips 66 in a report on Wednesday, June 18th. Finally, Barclays upped their price target on shares of Phillips 66 from $115.00 to $127.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.20.

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.