Pinkerton Retirement Specialists LLC Acquires 1,987 Shares of Phillips 66 (NYSE:PSX)

Pinkerton Retirement Specialists LLC increased its stake in Phillips 66 (NYSE:PSX - Free Report) by 5.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,943 shares of the oil and gas company's stock after purchasing an additional 1,987 shares during the period. Pinkerton Retirement Specialists LLC's holdings in Phillips 66 were worth $4,562,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of PSX. West Family Investments Inc. bought a new position in Phillips 66 in the first quarter valued at about $202,000. Whittier Trust Co. of Nevada Inc. grew its position in Phillips 66 by 6.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 5,728 shares of the oil and gas company's stock valued at $707,000 after acquiring an additional 340 shares during the last quarter. Hager Investment Management Services LLC grew its position in Phillips 66 by 7.2% in the first quarter. Hager Investment Management Services LLC now owns 1,438 shares of the oil and gas company's stock valued at $178,000 after acquiring an additional 96 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Phillips 66 in the first quarter valued at about $383,000. Finally, Lokken Investment Group LLC grew its position in Phillips 66 by 2.8% in the first quarter. Lokken Investment Group LLC now owns 9,528 shares of the oil and gas company's stock valued at $1,177,000 after acquiring an additional 256 shares during the last quarter. Institutional investors own 76.93% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on PSX. Piper Sandler set a $148.00 target price on Phillips 66 and gave the company a "neutral" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. set a $115.00 target price on Phillips 66 in a research report on Wednesday, June 18th. Wells Fargo & Company decreased their target price on Phillips 66 from $149.00 to $147.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 11th. UBS Group reduced their price target on Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, Scotiabank restated a "sector perform" rating and set a $133.00 price target on shares of Phillips 66 in a report on Friday, July 11th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $135.27.

Phillips 66 Stock Down 3.6%

Shares of NYSE PSX traded down $4.64 during midday trading on Wednesday, hitting $123.63. 3,438,022 shares of the stock traded hands, compared to its average volume of 3,128,833. The company has a market cap of $50.37 billion, a PE ratio of 28.16, a P/E/G ratio of 2.04 and a beta of 1.02. Phillips 66 has a one year low of $91.01 and a one year high of $150.12. The business has a 50 day moving average price of $120.73 and a two-hundred day moving average price of $118.04. 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 (NYSE:PSX - Get Free Report) last released its quarterly earnings data 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 net margin of 1.32% and a return on equity of 4.83%. The firm had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. During the same quarter in the prior year, the firm earned $1.90 EPS. On average, equities analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Tuesday, August 19th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $4.80 annualized dividend and a yield of 3.88%. Phillips 66's dividend payout ratio (DPR) is currently 109.34%.

Insider Buying and Selling

In related news, EVP Vanessa Allen Sutherland sold 4,393 shares of the company's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $130.00, for a total transaction of $571,090.00. Following the completion of the sale, the executive vice president owned 43,373 shares in the company, 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 SEC, which can be accessed through this link. Also, Director Robert W. Pease purchased 439 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average price of $113.85 per share, with a total value of $49,980.15. Following the acquisition, the director directly owned 4,091 shares of the company's stock, valued at $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 currently owned by corporate insiders.

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.