Ashton Thomas Private Wealth LLC Sells 128 Shares of Phillips 66 (NYSE:PSX)

Ashton Thomas Private Wealth LLC reduced its position in shares of Phillips 66 (NYSE:PSX) by 0.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 30,945 shares of the oil and gas company’s stock after selling 128 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Phillips 66 were worth $4,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PSX. Boston Partners boosted its position in shares of Phillips 66 by 41.4% during the 1st quarter. Boston Partners now owns 5,453,892 shares of the oil and gas company’s stock valued at $889,214,000 after acquiring an additional 1,595,722 shares during the last quarter. Vanguard Group Inc. lifted its position in Phillips 66 by 4.0% in the first quarter. Vanguard Group Inc. now owns 41,271,077 shares of the oil and gas company’s stock worth $6,741,218,000 after buying an additional 1,578,669 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Phillips 66 by 96.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,863,603 shares of the oil and gas company’s stock worth $467,743,000 after buying an additional 1,408,954 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Phillips 66 by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 8,422,720 shares of the oil and gas company’s stock worth $1,189,035,000 after buying an additional 402,925 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Phillips 66 by 1,087.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 432,003 shares of the oil and gas company’s stock worth $70,563,000 after buying an additional 395,617 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors.

Phillips 66 Trading Down 0.0 %

Phillips 66 stock opened at $127.90 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a 52 week low of $111.90 and a 52 week high of $174.08. The company has a market capitalization of $52.82 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 4.12 and a beta of 1.33. The stock has a 50-day moving average price of $129.87 and a 200 day moving average price of $136.21.

Phillips 66 (NYSE:PSX) last released its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. During the same quarter in the previous year, the company posted $4.63 earnings per share. The company’s revenue was down 10.3% compared to the same quarter last year. Sell-side analysts anticipate that Phillips 66 will post 7.68 EPS for the current year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Monday, November 18th. Phillips 66’s payout ratio is presently 59.05%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Piper Sandler set a $144.00 price target on Phillips 66 in a research report on Thursday, October 17th. Raymond James raised their price target on Phillips 66 from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Wolfe Research assumed coverage on Phillips 66 in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. UBS Group decreased their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Mizuho decreased their target price 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 research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Phillips 66 has an average rating of “Moderate Buy” and an average target price of $149.69.

Insider Buying and Selling 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 stock was sold at an average price of $139.01, for a total transaction of $4,170,300.00. Following the completion of the sale, the chief financial officer now directly owns 81,937 shares in the company, valued at approximately $11,390,062.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is currently owned by corporate insiders.

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.