Phillips 66 (NYSE:PSX) Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 65.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,558 shares of the oil and gas company's stock after acquiring an additional 5,372 shares during the period. Farther Finance Advisors LLC's holdings in Phillips 66 were worth $1,686,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC lifted its position in shares of Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after buying an additional 120 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Phillips 66 during the 4th quarter worth approximately $25,000. Pacific Center for Financial Services purchased a new stake in shares of Phillips 66 during the 4th quarter worth approximately $27,000. Graney & King LLC purchased a new stake in shares of Phillips 66 during the 4th quarter worth approximately $28,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in shares of Phillips 66 during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Phillips 66 Stock Performance

Phillips 66 stock traded up $0.68 during trading hours on Friday, reaching $122.20. 3,074,645 shares of the stock were exchanged, compared to its average volume of 3,030,080. The stock has a market cap of $49.79 billion, a P/E ratio of 24.74, a P/E/G ratio of 4.84 and a beta of 1.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $150.12. The firm's 50 day moving average is $109.84 and its 200 day moving average is $117.57.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). The firm had revenue of $31.92 billion for the quarter, compared to analysts' expectations of $31.93 billion. Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the previous year, the company posted $1.90 EPS. Analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a dividend of $1.20 per share. The ex-dividend date was Monday, May 19th. This is a boost from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.93%. Phillips 66's dividend payout ratio is 109.34%.

Insider Transactions at Phillips 66

In related news, Director Robert W. Pease purchased 439 shares of the stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of $113.85 per share, with a total value of $49,980.15. Following the purchase, the director now directly owns 4,091 shares in the company, valued at $465,760.35. This trade represents a 12.02% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

PSX has been the subject of several research reports. Scotiabank reduced their price target on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Wall Street Zen upgraded shares of Phillips 66 from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Wells Fargo & Company reduced their price target on shares of Phillips 66 from $149.00 to $147.00 and set an "overweight" rating for the company in a research report on Wednesday. UBS Group reduced their price target on shares of Phillips 66 from $144.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Finally, Barclays upped their price target on shares of Phillips 66 from $106.00 to $115.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $135.46.

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.