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

U.S. Capital Wealth Advisors LLC boosted its stake in Phillips 66 (NYSE:PSX - Free Report) by 37.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,079 shares of the oil and gas company's stock after purchasing an additional 5,445 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Phillips 66 were worth $2,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of PSX. Pacific Center for Financial Services purchased a new position in shares of Phillips 66 during the fourth quarter worth approximately $27,000. von Borstel & Associates Inc. bought a new stake in Phillips 66 during the 1st quarter valued at $27,000. Graney & King LLC bought a new stake in Phillips 66 during the 4th quarter valued at $28,000. Olde Wealth Management LLC bought a new stake in Phillips 66 during the 1st quarter valued at $28,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Phillips 66 during the 4th quarter valued at $29,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Stock Up 0.6%

Phillips 66 stock traded up $0.74 during mid-day trading on Wednesday, reaching $130.74. The stock had a trading volume of 3,160,573 shares, compared to its average volume of 3,115,558. The company has a market capitalization of $53.27 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 1.98 and a beta of 1.02. The company has a 50-day moving average price of $117.83 and a two-hundred day moving average price of $117.34. Phillips 66 has a one year low of $91.01 and a one year high of $150.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.23 and a quick ratio of 0.88.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly 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 firm had revenue of $31.92 billion during the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 had a return on equity of 4.83% and a net margin of 1.32%. During the same quarter in the previous year, the firm earned $1.90 EPS. On average, analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a $1.20 dividend. This is a boost 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 dividend on an annualized basis and a yield of 3.67%. Phillips 66's payout ratio is presently 109.34%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PSX. Morgan Stanley lowered 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. Evercore ISI initiated coverage on shares of Phillips 66 in a report on Wednesday, June 18th. They issued an "outperform" rating and a $130.00 price target on the stock. Scotiabank cut their price target on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Tudor Pickering cut shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Raymond James Financial cut their price target on shares of Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $134.79.

Insider Transactions at Phillips 66

In related news, EVP Brian Mandell sold 9,800 shares of the company'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 owned 56,838 shares in the company, valued at $7,104,750. The trade was a 14.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert W. Pease bought 439 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was acquired at an average cost of $113.85 per share, with a total value of $49,980.15. Following the transaction, the director owned 4,091 shares in the company, valued at $465,760.35. The trade was a 12.02% increase in their position. The disclosure for this purchase can be found here. 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.