U.S. Capital Wealth Advisors LLC Acquires 5,445 Shares of Phillips 66 (NYSE:PSX)

U.S. Capital Wealth Advisors LLC boosted its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 37.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,079 shares of the oil and gas company's stock after purchasing an additional 5,445 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Phillips 66 were worth $2,479,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacific Center for Financial Services bought a new position in shares of Phillips 66 in the fourth quarter worth about $27,000. von Borstel & Associates Inc. bought a new position in shares of Phillips 66 in the first quarter worth about $27,000. Graney & King LLC bought a new position in shares of Phillips 66 in the fourth quarter worth about $28,000. Olde Wealth Management LLC bought a new position in shares of Phillips 66 in the first quarter worth about $28,000. Finally, Wood Tarver Financial Group LLC bought a new position in shares of Phillips 66 in the fourth quarter worth about $29,000. 76.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PSX. Morgan Stanley reduced their price target on shares of Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group cut shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price for the company. in a report on Thursday, March 27th. Compass Point initiated coverage on shares of Phillips 66 in a report on Wednesday, June 18th. They set a "buy" rating for the company. Cantor Fitzgerald initiated coverage on shares of Phillips 66 in a report on Wednesday, June 18th. They set a "neutral" rating for the company. Finally, Piper Sandler increased their target price on shares of Phillips 66 from $131.00 to $148.00 and gave the stock a "neutral" rating in a report on Thursday. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $135.07.

Phillips 66 Stock Performance

NYSE:PSX traded down $2.73 during mid-day trading on Friday, reaching $131.66. 1,667,051 shares of the company's stock were exchanged, compared to its average volume of 3,114,538. Phillips 66 has a one year low of $91.01 and a one year high of $150.12. The firm has a market capitalization of $53.64 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 2.06 and a beta of 1.02. The business's fifty day simple moving average is $118.98 and its two-hundred day simple moving average is $117.59. 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 results 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). Phillips 66 had a return on equity of 4.83% and a net margin of 1.32%. The business had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. During the same period in the prior year, the business posted $1.90 earnings per share. Analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 19th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, August 19th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.65%. Phillips 66's payout ratio is 109.34%.

Insider Activity

In other news, Director Robert W. Pease bought 439 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average cost of $113.85 per share, with a total value of $49,980.15. Following the acquisition, the director directly owned 4,091 shares in the company, valued at $465,760.35. This represents a 12.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $1,225,000.00. Following the completion of the transaction, the executive vice president directly owned 56,838 shares in the company, valued at approximately $7,104,750. This represents a 14.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company's stock.

Phillips 66 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.