Phillips 66 (NYSE:PSX) Stock Holdings Increased by Estate Counselors LLC

Estate Counselors LLC raised its position in shares of Phillips 66 (NYSE:PSX) by 7.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,525 shares of the oil and gas company’s stock after purchasing an additional 910 shares during the quarter. Estate Counselors LLC’s holdings in Phillips 66 were worth $1,778,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PSX. nVerses Capital LLC bought a new position in Phillips 66 during the third quarter worth $26,000. Bank & Trust Co bought a new position in shares of Phillips 66 in the 2nd quarter worth about $31,000. Values First Advisors Inc. acquired a new position in shares of Phillips 66 in the 3rd quarter valued at about $30,000. Opal Wealth Advisors LLC acquired a new stake in Phillips 66 during the second quarter worth about $34,000. Finally, Fortitude Family Office LLC lifted its holdings in Phillips 66 by 52.3% in the second quarter. Fortitude Family Office LLC now owns 265 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PSX has been the subject of several recent research reports. Bank of America assumed coverage on Phillips 66 in a report on Thursday, October 17th. They set a “buy” rating and a $156.00 target price for the company. Barclays lowered their price target on shares of Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. TD Cowen cut their target price on Phillips 66 from $162.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. UBS Group lowered their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Scotiabank decreased their price target 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. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.69.

Phillips 66 Stock Up 1.4 %

Phillips 66 stock opened at $133.27 on Friday. The company’s 50 day simple moving average is $130.28 and its 200 day simple moving average is $135.35. The firm has a market capitalization of $55.04 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 4.34 and a beta of 1.33. Phillips 66 has a fifty-two week low of $117.32 and a fifty-two week high of $174.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.

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 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 company had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. During the same period in the previous year, the company posted $4.63 earnings per share. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Phillips 66 will post 7.57 EPS for the current year.

Phillips 66 Announces Dividend

The firm 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 dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Monday, November 18th. Phillips 66’s dividend payout ratio is 59.05%.

About Phillips 66

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.