Bank Julius Baer & Co. Ltd Zurich Takes $244,000 Position in Phillips 66 (NYSE:PSX)

Bank Julius Baer & Co. Ltd Zurich bought a new stake in Phillips 66 (NYSE:PSX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,831 shares of the oil and gas company’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC increased its position in Phillips 66 by 3,825.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,727 shares of the oil and gas company’s stock valued at $207,000 after acquiring an additional 1,683 shares during the period. Strategic Blueprint LLC increased its position in Phillips 66 by 9.3% in the 3rd quarter. Strategic Blueprint LLC now owns 2,330 shares of the oil and gas company’s stock valued at $280,000 after acquiring an additional 198 shares during the period. TFG Advisers LLC acquired a new position in Phillips 66 in the 3rd quarter valued at about $265,000. First Personal Financial Services acquired a new position in Phillips 66 during the 3rd quarter worth approximately $89,000. Finally, Uncommon Cents Investing LLC increased its position in Phillips 66 by 28.7% during the 3rd quarter. Uncommon Cents Investing LLC now owns 3,252 shares of the oil and gas company’s stock worth $391,000 after purchasing an additional 725 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Phillips 66

In other news, EVP Richard G. Harbison sold 21,934 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $146.27, for a total transaction of $3,208,286.18. Following the completion of the sale, the executive vice president now directly owns 24,941 shares in the company, valued at approximately $3,648,120.07. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Joseph Scott Pruitt sold 5,922 shares of the stock in a transaction on Monday, March 18th. The stock was 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 directly owns 6,583 shares in the company, valued at approximately $1,036,164.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Richard G. Harbison sold 21,934 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $146.27, for a total value of $3,208,286.18. Following the completion of the sale, the executive vice president now owns 24,941 shares of the company’s stock, valued at $3,648,120.07. The disclosure for this sale can be found here. Insiders sold a total of 35,056 shares of company stock worth $5,272,681 in the last ninety days. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PSX shares. Barclays boosted their target price on Phillips 66 from $139.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 18th. Mizuho dropped their target price on Phillips 66 from $167.00 to $162.00 and set a “neutral” rating on the stock in a research report on Friday, April 12th. JPMorgan Chase & Co. boosted their target price on Phillips 66 from $149.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Citigroup assumed coverage on Phillips 66 in a research report on Wednesday, January 24th. They set a “buy” rating on the stock. Finally, Raymond James upped their price target on Phillips 66 from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $158.00.

Phillips 66 Trading Down 3.7 %

Shares of Phillips 66 stock opened at $151.41 on Friday. Phillips 66 has a fifty-two week low of $89.74 and a fifty-two week high of $174.08. The firm has a market cap of $64.78 billion, a PE ratio of 11.65, a P/E/G ratio of 1.83 and a beta of 1.37. The business’s fifty day moving average is $155.55 and its two-hundred day moving average is $137.06. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 0.56.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, April 26th. The oil and gas company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). The firm had revenue of $36.44 billion for the quarter, compared to analyst estimates of $35.87 billion. Phillips 66 had a return on equity of 22.10% and a net margin of 4.68%. During the same quarter in the previous year, the company earned $4.21 earnings per share. Analysts anticipate that Phillips 66 will post 13.77 earnings per share for the current year.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.04%. This is an increase from Phillips 66’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Friday, May 17th. Phillips 66’s dividend payout ratio is presently 32.31%.

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.