Phillips 66 (NYSE:PSX) Holdings Lifted by CWC Advisors LLC.

CWC Advisors LLC. lifted its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 37.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 13,439 shares of the oil and gas company's stock after purchasing an additional 3,696 shares during the quarter. Phillips 66 comprises approximately 0.9% of CWC Advisors LLC.'s holdings, making the stock its 29th largest holding. CWC Advisors LLC.'s holdings in Phillips 66 were worth $1,659,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in Phillips 66 by 283.5% during 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 acquiring an additional 4,455,220 shares in the last quarter. Norges Bank acquired a new position in Phillips 66 during the 4th quarter worth approximately $497,648,000. Raymond James Financial Inc. acquired a new position in Phillips 66 during the 4th quarter worth approximately $168,790,000. Capitolis Liquid Global Markets LLC acquired a new position in Phillips 66 during the 4th quarter worth approximately $142,185,000. Finally, GAMMA Investing LLC lifted its position in Phillips 66 by 14,119.5% during the 1st quarter. GAMMA Investing LLC now owns 1,189,606 shares of the oil and gas company's stock worth $146,893,000 after acquiring an additional 1,181,240 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company's stock.

Insider Transactions at Phillips 66

In other news, EVP Brian Mandell sold 9,800 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 56,838 shares of the company's stock, valued at approximately $7,104,750. This represents a 14.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert W. Pease purchased 439 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of $113.85 per share, with a total value of $49,980.15. Following the purchase, the director now owns 4,091 shares of the company's stock, valued at approximately $465,760.35. This represents a 12.02% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PSX shares. Barclays boosted their price target on Phillips 66 from $106.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Cantor Fitzgerald assumed coverage on Phillips 66 in a research report on Wednesday, June 18th. They issued a "neutral" rating on the stock. UBS Group cut their target price on Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Evercore ISI assumed coverage on Phillips 66 in a research report on Wednesday, June 18th. They issued an "outperform" rating and a $130.00 target price on the stock. Finally, Raymond James Financial cut their target price on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Eight equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Phillips 66 currently has an average rating of "Moderate Buy" and a consensus price target of $133.93.

Phillips 66 Stock Performance

Shares of Phillips 66 stock traded down $0.74 during trading on Friday, hitting $119.43. 10,132,521 shares of the stock were exchanged, compared to its average volume of 3,133,243. The stock's fifty day moving average is $114.67 and its 200 day moving average is $116.93. The stock has a market cap of $48.66 billion, a PE ratio of 27.21, a P/E/G ratio of 1.87 and a beta of 1.02. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.23. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $150.12.

Phillips 66 (NYSE:PSX - Get Free Report) last released 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). The firm had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 had a return on equity of 4.83% and a net margin of 1.32%. During the same quarter in the prior year, the company posted $1.90 EPS. As a group, sell-side analysts anticipate that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a $1.20 dividend. This is a boost from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date was Monday, May 19th. This represents a $4.80 annualized dividend and a dividend yield of 4.02%. Phillips 66's dividend payout ratio is presently 109.34%.

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.