Phillips 66 (NYSE:PSX) Shares Sold by Mather Group LLC.

Mather Group LLC. reduced its holdings in Phillips 66 (NYSE:PSX - Free Report) by 28.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,242 shares of the oil and gas company's stock after selling 2,531 shares during the quarter. Mather Group LLC.'s holdings in Phillips 66 were worth $771,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. J.Safra Asset Management Corp acquired a new stake in Phillips 66 during the fourth quarter worth about $25,000. Pacific Center for Financial Services acquired a new stake in Phillips 66 during the 4th quarter worth approximately $27,000. Graney & King LLC acquired a new stake in Phillips 66 during the 4th quarter worth approximately $28,000. Wood Tarver Financial Group LLC purchased a new position in Phillips 66 in the fourth quarter valued at approximately $29,000. Finally, Opal Wealth Advisors LLC acquired a new position in Phillips 66 during the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Phillips 66 Stock Up 0.3%

Shares of Phillips 66 stock traded up $0.34 on Thursday, hitting $126.80. 1,290,860 shares of the company's stock traded hands, compared to its average volume of 3,096,676. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $150.12. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 0.63. The stock has a market cap of $51.66 billion, a P/E ratio of 28.88, a PEG ratio of 1.93 and a beta of 1.02. The firm's 50-day moving average is $116.04 and its 200 day moving average is $116.90.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its earnings results on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). The company had revenue of $31.92 billion during the quarter, compared to analyst estimates of $31.93 billion. Phillips 66 had a net margin of 1.32% and a return on equity of 4.83%. During the same quarter last year, the company posted $1.90 EPS. Equities analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $1.20 dividend. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Monday, May 19th. This represents a $4.80 annualized dividend and a dividend yield of 3.79%. Phillips 66's dividend payout ratio (DPR) is presently 109.34%.

Insider Buying and Selling

In other news, EVP Brian Mandell sold 9,800 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $125.00, for a total value of $1,225,000.00. Following the transaction, the executive vice president directly owned 56,838 shares in the company, valued at approximately $7,104,750. This trade represents a 14.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Pease bought 439 shares of the stock in a transaction dated Thursday, May 22nd. The shares were bought at an average cost of $113.85 per share, with a total value of $49,980.15. Following the completion of the acquisition, the director directly owned 4,091 shares of the company's stock, valued at approximately $465,760.35. The trade was a 12.02% increase in their position. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PSX has been the subject of several recent research reports. Tudor Pickering lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Mizuho raised their price objective on Phillips 66 from $132.00 to $138.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. UBS Group reduced their price objective on Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. TD Cowen increased their target price on Phillips 66 from $114.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group downgraded 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. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $133.93.

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.