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

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

Other hedge funds have also recently bought and sold shares of the company. Pacific Center for Financial Services acquired a new position in shares of Phillips 66 in the 4th quarter valued at $27,000. von Borstel & Associates Inc. acquired a new position in shares of Phillips 66 in the 1st quarter valued at $27,000. Graney & King LLC acquired a new position in shares of Phillips 66 in the 4th quarter valued at $28,000. Olde Wealth Management LLC acquired a new position in shares of Phillips 66 in the 1st quarter valued at $28,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of Phillips 66 in the 4th quarter valued at $29,000. 76.93% of the stock is currently owned by institutional investors.

Phillips 66 Trading Up 2.8%

Phillips 66 stock opened at $129.96 on Wednesday. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $150.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.88 and a current ratio of 1.23. The stock has a market capitalization of $52.95 billion, a P/E ratio of 29.60, a PEG ratio of 1.98 and a beta of 1.02. The stock has a 50-day simple moving average of $117.83 and a 200 day simple moving average of $117.34.

Phillips 66 (NYSE:PSX - Get Free Report) last posted 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 quarter in the previous year, the business posted $1.90 EPS. Analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Monday, May 19th. This is an increase from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 3.69%. Phillips 66's dividend payout ratio (DPR) is 109.34%.

Analysts Set New Price Targets

Several analysts recently commented on PSX shares. Mizuho raised their price objective on Phillips 66 from $132.00 to $138.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Scotiabank dropped their price objective on Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Raymond James Financial lowered their target price on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. The Goldman Sachs Group cut 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. Finally, Cantor Fitzgerald began coverage on Phillips 66 in a report on Wednesday, June 18th. They set a "neutral" rating for the company. Eight analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $133.93.

Insider Activity at Phillips 66

In other Phillips 66 news, EVP Brian Mandell sold 9,800 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president directly owned 56,838 shares in the company, valued at $7,104,750. This trade represents a 14.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert W. Pease acquired 439 shares of the business's stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Company 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.

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