Phillips 66 (NYSE:PSX) Stock Holdings Lowered by Catalina Capital Group LLC

Catalina Capital Group LLC lowered its position in shares of Phillips 66 (NYSE:PSX) by 10.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,772 shares of the oil and gas company’s stock after selling 325 shares during the period. Catalina Capital Group LLC’s holdings in Phillips 66 were worth $364,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PSX. Crewe Advisors LLC bought a new position in shares of Phillips 66 during the first quarter worth about $25,000. Strategic Financial Concepts LLC bought a new position in Phillips 66 in the 2nd quarter valued at about $26,000. nVerses Capital LLC bought a new position in Phillips 66 in the 3rd quarter valued at about $26,000. Values First Advisors Inc. bought a new position in Phillips 66 in the 3rd quarter valued at about $30,000. Finally, Bank & Trust Co bought a new position in Phillips 66 in the 2nd quarter valued at about $31,000. Institutional investors own 76.93% of the company’s stock.

Insider Activity at Phillips 66

In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $139.01, for a total value of $4,170,300.00. Following the completion of the sale, the chief financial officer now owns 81,937 shares in the company, valued at $11,390,062.37. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is owned by insiders.

Phillips 66 Stock Up 5.0 %

Shares of NYSE:PSX opened at $127.91 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The company has a market cap of $52.83 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 3.94 and a beta of 1.33. Phillips 66 has a 52 week low of $110.54 and a 52 week high of $174.08. The firm has a 50 day simple moving average of $130.59 and a 200 day simple moving average of $137.00.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. The business had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.63 EPS. As a group, research analysts expect that Phillips 66 will post 7.69 earnings per share for the current year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a $1.15 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $4.60 annualized dividend and a dividend yield of 3.60%. Phillips 66’s dividend payout ratio (DPR) is presently 59.05%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PSX shares. Wells Fargo & Company decreased their target price on shares of Phillips 66 from $182.00 to $167.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Morgan Stanley decreased their target price on shares of Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating for the company in a research report on Monday, September 16th. Barclays reduced their price objective on shares of Phillips 66 from $138.00 to $133.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 8th. Mizuho reduced their price objective on shares of Phillips 66 from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Phillips 66 presently has an average rating of “Moderate Buy” and an average price target of $150.38.

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.