GW Henssler & Associates Ltd. Has $30.81 Million Stock Position in Phillips 66 (NYSE:PSX)

GW Henssler & Associates Ltd. trimmed its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 231,391 shares of the oil and gas company's stock after selling 8,434 shares during the period. Phillips 66 makes up approximately 2.0% of GW Henssler & Associates Ltd.'s holdings, making the stock its 8th largest holding. GW Henssler & Associates Ltd. owned approximately 0.05% of Phillips 66 worth $30,807,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PSX. First Capital Advisors Group LLC. bought a new stake in shares of Phillips 66 in the 2nd quarter valued at approximately $25,000. Cornerstone Planning Group LLC increased its position in shares of Phillips 66 by 134.8% during the 3rd quarter. Cornerstone Planning Group LLC now owns 263 shares of the oil and gas company's stock worth $32,000 after purchasing an additional 151 shares in the last quarter. Worth Asset Management LLC bought a new position in Phillips 66 during the 1st quarter valued at about $32,000. Bruce G. Allen Investments LLC bought a new stake in Phillips 66 during the fourth quarter worth about $36,000. Finally, Bell Investment Advisors Inc grew its stake in Phillips 66 by 82.1% during the third quarter. Bell Investment Advisors Inc now owns 306 shares of the oil and gas company's stock worth $37,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company's stock.

Insider Buying and Selling at Phillips 66

In related news, VP Joseph Scott Pruitt sold 5,922 shares of Phillips 66 stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $157.40, for a total transaction of $932,122.80. Following the transaction, the vice president now owns 6,583 shares of the company's stock, valued at approximately $1,036,164.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Joseph Scott Pruitt sold 5,922 shares of the company's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $157.40, for a total value of $932,122.80. Following the completion of the sale, the vice president now owns 6,583 shares in the company, valued at approximately $1,036,164.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert W. Pease bought 682 shares of Phillips 66 stock in a transaction on Thursday, February 15th. The shares were acquired at an average price of $146.58 per share, for a total transaction of $99,967.56. Following the completion of the acquisition, the director now owns 1,900 shares of the company's stock, valued at approximately $278,502. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 35,056 shares of company stock valued at $5,272,681. 4.57% of the stock is currently owned by company insiders.

Phillips 66 Trading Down 0.2 %

Shares of PSX traded down $0.31 on Wednesday, reaching $165.10. 1,801,027 shares of the company's stock were exchanged, compared to its average volume of 3,107,319. The business has a 50 day moving average price of $152.21 and a two-hundred day moving average price of $133.32. Phillips 66 has a 12 month low of $89.74 and a 12 month high of $174.08. The stock has a market capitalization of $70.63 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 2.09 and a beta of 1.37. The company has a current ratio of 1.26, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56.

Phillips 66 (NYSE:PSX - Get Free Report) last released its earnings results on Wednesday, January 31st. The oil and gas company reported $3.09 EPS for the quarter, topping analysts' consensus estimates of $2.37 by $0.72. The firm had revenue of $38.74 billion during the quarter, compared to analyst estimates of $34.30 billion. Phillips 66 had a net margin of 4.68% and a return on equity of 22.10%. Research analysts anticipate that Phillips 66 will post 13.43 earnings per share for the current year.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Friday, May 17th. This is an increase from Phillips 66's previous quarterly dividend of $1.05. Phillips 66's dividend payout ratio is currently 27.15%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays boosted their target price on Phillips 66 from $132.00 to $139.00 and gave the stock an "equal weight" rating in a report on Monday, February 5th. Mizuho increased their target price on Phillips 66 from $135.00 to $167.00 and gave the stock a "neutral" rating in a report on Friday, March 22nd. Piper Sandler lifted their price target on Phillips 66 from $169.00 to $187.00 and gave the company an "overweight" rating in a report on Friday, April 5th. JPMorgan Chase & Co. upped their price target on shares of Phillips 66 from $149.00 to $167.00 and gave the stock an "overweight" rating in a research report on Monday, April 1st. Finally, Wells Fargo & Company raised their price objective on shares of Phillips 66 from $179.00 to $191.00 and gave the company an "overweight" rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $157.31.

About Phillips 66

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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