RMR Wealth Builders Has $505,000 Stock Position in Phillips 66 $PSX

RMR Wealth Builders reduced its stake in shares of Phillips 66 (NYSE:PSX - Free Report) by 73.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,913 shares of the oil and gas company's stock after selling 10,797 shares during the quarter. RMR Wealth Builders' holdings in Phillips 66 were worth $505,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Kestra Private Wealth Services LLC grew its holdings in shares of Phillips 66 by 8.5% during the 4th quarter. Kestra Private Wealth Services LLC now owns 116,938 shares of the oil and gas company's stock worth $15,090,000 after purchasing an additional 9,150 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of Phillips 66 by 5.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 214,279 shares of the oil and gas company's stock worth $27,649,000 after purchasing an additional 11,181 shares in the last quarter. Atlas Legacy Advisors LLC grew its holdings in shares of Phillips 66 by 5.9% during the 4th quarter. Atlas Legacy Advisors LLC now owns 5,504 shares of the oil and gas company's stock worth $714,000 after purchasing an additional 307 shares in the last quarter. Inscription Capital LLC grew its holdings in shares of Phillips 66 by 22.1% during the 4th quarter. Inscription Capital LLC now owns 11,874 shares of the oil and gas company's stock worth $1,532,000 after purchasing an additional 2,152 shares in the last quarter. Finally, Huntleigh Advisors Inc. boosted its stake in Phillips 66 by 9.0% in the fourth quarter. Huntleigh Advisors Inc. now owns 19,617 shares of the oil and gas company's stock valued at $2,531,000 after buying an additional 1,626 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Brian Mandell sold 42,800 shares of Phillips 66 stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $169.53, for a total transaction of $7,255,884.00. Following the sale, the executive vice president directly owned 61,595 shares of the company's stock, valued at approximately $10,442,200.35. This trade represents a 41.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Don Baldridge sold 7,500 shares of Phillips 66 stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $160.00, for a total value of $1,200,000.00. Following the sale, the executive vice president directly owned 38,488 shares in the company, valued at $6,158,080. The trade was a 16.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 95,923 shares of company stock valued at $16,399,619. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PSX has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Phillips 66 from $163.00 to $201.00 and gave the company an "overweight" rating in a research note on Tuesday, March 31st. Argus raised their price objective on Phillips 66 from $152.00 to $185.00 and gave the company a "buy" rating in a research note on Tuesday, February 10th. Weiss Ratings raised Phillips 66 from a "hold (c)" rating to a "buy (b-)" rating in a research note on Monday, February 23rd. Morgan Stanley raised their price objective on Phillips 66 from $140.00 to $147.00 and gave the company an "equal weight" rating in a research note on Thursday, February 5th. Finally, Barclays raised their price objective on Phillips 66 from $158.00 to $177.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 8th. Eleven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, Phillips 66 has an average rating of "Hold" and a consensus target price of $181.33.

Phillips 66 Stock Performance

Shares of PSX stock opened at $164.18 on Tuesday. The business's 50-day moving average price is $166.76 and its 200-day moving average price is $148.35. Phillips 66 has a 12 month low of $102.16 and a 12 month high of $190.61. The firm has a market capitalization of $65.79 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 0.30 and a beta of 0.76. The company has a current ratio of 1.30, a quick ratio of 0.91 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.32. Phillips 66 had a return on equity of 9.13% and a net margin of 3.22%.The firm had revenue of $32.16 billion for the quarter, compared to analyst estimates of $33.81 billion. During the same period last year, the firm posted ($0.15) earnings per share. Equities research analysts forecast that Phillips 66 will post 14.12 EPS for the current year.

Phillips 66 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be paid a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, May 18th. Phillips 66's dividend payout ratio (DPR) is presently 46.95%.

About Phillips 66

Phillips 66 NYSE: PSX is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company's principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.

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