Vontobel Holding Ltd. Has $4.05 Million Stock Position in Phillips 66 (NYSE:PSX)

Vontobel Holding Ltd. reduced its stake in Phillips 66 (NYSE:PSX - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,823 shares of the oil and gas company's stock after selling 2,554 shares during the period. Vontobel Holding Ltd.'s holdings in Phillips 66 were worth $4,053,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. J.Safra Asset Management Corp bought a new position in Phillips 66 during the 4th quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new position in shares of Phillips 66 in the first quarter valued at approximately $29,000. Pacific Center for Financial Services acquired a new position in shares of Phillips 66 in the 4th quarter worth approximately $27,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Phillips 66 in the 1st quarter worth approximately $29,000. Finally, Graney & King LLC bought a new stake in Phillips 66 during the 4th quarter worth approximately $28,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Phillips 66

In other news, Director Robert W. Pease purchased 439 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was 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 approximately $465,760.35. This represents a 12.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brian Mandell sold 9,800 shares of the company's stock in a transaction 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 owned 56,838 shares of the company's stock, valued at approximately $7,104,750. This represents a 14.71% decrease in their position. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.

Phillips 66 Stock Performance

PSX stock opened at $126.80 on Friday. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $150.12. The company has a quick ratio of 0.88, a current ratio of 1.23 and a debt-to-equity ratio of 0.63. The company has a market cap of $51.66 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 1.98 and a beta of 1.02. The business's fifty day moving average is $116.48 and its 200-day moving average is $116.98.

Phillips 66 (NYSE:PSX - Get Free Report) last released its earnings results on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share 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 company had revenue of $31.92 billion during the quarter, compared to analyst estimates of $31.93 billion. During the same period in the previous year, the company posted $1.90 EPS. Equities research analysts forecast that Phillips 66 will post 6.8 EPS for the current 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 given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.79%. This is an increase from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date was Monday, May 19th. Phillips 66's dividend payout ratio (DPR) is currently 109.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Mizuho boosted 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. UBS Group cut their price target on Phillips 66 from $144.00 to $140.00 and set a "buy" rating for the company in a report on Monday, April 28th. Morgan Stanley decreased their price objective on shares of Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Tudor Pickering cut shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, The Goldman Sachs Group lowered shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price on the stock. in a research report on Thursday, March 27th. Eight analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $133.93.

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.

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