Valley Brook Capital Group Inc. Lowers Position in Phillips 66 (NYSE:PSX)

Valley Brook Capital Group Inc. lessened its stake in shares of Phillips 66 (NYSE:PSX) by 2.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 7,397 shares of the oil and gas company’s stock after selling 199 shares during the period. Valley Brook Capital Group Inc.’s holdings in Phillips 66 were worth $972,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crewe Advisors LLC purchased a new stake in Phillips 66 in the 1st quarter worth approximately $25,000. Strategic Financial Concepts LLC bought a new stake in shares of Phillips 66 during the 2nd quarter valued at $26,000. nVerses Capital LLC purchased a new position in shares of Phillips 66 during the 3rd quarter valued at $26,000. Values First Advisors Inc. bought a new position in Phillips 66 in the 3rd quarter worth $30,000. Finally, Bank & Trust Co purchased a new stake in Phillips 66 in the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Insider Activity at Phillips 66

In related news, CFO Kevin J. Mitchell sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $139.01, for a total transaction of $4,170,300.00. Following the completion of the transaction, the chief financial officer now owns 81,937 shares in the company, valued at $11,390,062.37. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.22% of the stock is owned by corporate insiders.

Phillips 66 Stock Down 0.6 %

Shares of Phillips 66 stock traded down $0.75 during trading on Thursday, hitting $127.15. 105,108 shares of the stock traded hands, compared to its average volume of 2,658,454. Phillips 66 has a 52-week low of $110.54 and a 52-week high of $174.08. The stock’s fifty day simple moving average is $130.59 and its 200 day simple moving average is $137.00. The firm has a market cap of $52.51 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 3.94 and a beta of 1.33. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last posted 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 analyst estimates of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.63 EPS. On average, equities analysts predict that Phillips 66 will post 7.69 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Monday, November 18th. Phillips 66’s dividend payout ratio (DPR) is currently 59.05%.

Analyst Ratings Changes

PSX has been the subject of a number of recent analyst reports. Scotiabank dropped their price objective on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. JPMorgan Chase & Co. reduced their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. TD Cowen cut their target price on shares of Phillips 66 from $162.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Bank of America began coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They issued a “buy” rating and a $156.00 price target on the stock. Finally, Mizuho cut their price objective on Phillips 66 from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Phillips 66 presently has a consensus 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.