Bank of New Hampshire Buys 150 Shares of Phillips 66 (NYSE:PSX)

Bank of New Hampshire boosted its stake in shares of Phillips 66 (NYSE:PSX) by 8.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,892 shares of the oil and gas company’s stock after buying an additional 150 shares during the quarter. Bank of New Hampshire’s holdings in Phillips 66 were worth $267,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PSX. Crewe Advisors LLC purchased a new stake in Phillips 66 during the first quarter valued at about $25,000. Keener Financial Planning LLC purchased a new stake in Phillips 66 during the first quarter valued at about $26,000. Ables Iannone Moore & Associates Inc. purchased a new stake in Phillips 66 during the fourth quarter valued at about $27,000. Redmont Wealth Advisors LLC purchased a new stake in Phillips 66 during the first quarter valued at about $28,000. Finally, First United Bank & Trust purchased a new stake in Phillips 66 during the fourth quarter valued at about $31,000. Institutional investors own 76.93% of the company’s stock.

Insider Buying and Selling

In related news, EVP Timothy D. Roberts sold 37,742 shares of Phillips 66 stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $145.80, for a total value of $5,502,783.60. Following the transaction, the executive vice president now directly owns 48,365 shares of the company’s stock, valued at $7,051,617. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PSX has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Phillips 66 from $165.00 to $162.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. TD Cowen increased their price target on shares of Phillips 66 from $155.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday. Mizuho lowered their price target on shares of Phillips 66 from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. Piper Sandler lowered their price target on shares of Phillips 66 from $170.00 to $151.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Finally, Wolfe Research assumed coverage on shares of Phillips 66 in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $157.23.

Phillips 66 Price Performance

Phillips 66 stock traded down $7.19 during mid-day trading on Friday, hitting $133.76. 4,078,997 shares of the company traded hands, compared to its average volume of 2,094,396. Phillips 66 has a one year low of $107.41 and a one year high of $174.08. The stock has a market cap of $55.99 billion, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 2.50 and a beta of 1.34. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.82 and a current ratio of 1.14. The stock has a fifty day moving average price of $138.97 and a 200-day moving average price of $145.84.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Tuesday, July 30th. The oil and gas company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.98 by $0.33. The firm had revenue of $38.91 billion for the quarter, compared to the consensus estimate of $37.79 billion. Phillips 66 had a net margin of 3.32% and a return on equity of 16.77%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $3.87 earnings per share. On average, equities analysts predict that Phillips 66 will post 9.4 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.44%. The ex-dividend date is Tuesday, August 20th. Phillips 66’s payout ratio is 35.38%.

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.