Aristotle Capital Management LLC lowered its position in Phillips 66 (NYSE:PSX – Free Report) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,580,105 shares of the oil and gas company’s stock after selling 242,172 shares during the period. Phillips 66 comprises approximately 2.0% of Aristotle Capital Management LLC’s holdings, making the stock its 24th largest position. Aristotle Capital Management LLC owned 1.72% of Phillips 66 worth $910,750,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. First Capital Advisors Group LLC. bought a new stake in Phillips 66 during the 2nd quarter valued at approximately $25,000. WFA of San Diego LLC purchased a new position in shares of Phillips 66 in the second quarter worth $30,000. Cornerstone Planning Group LLC boosted its position in shares of Phillips 66 by 134.8% during the third quarter. Cornerstone Planning Group LLC now owns 263 shares of the oil and gas company’s stock worth $32,000 after acquiring an additional 151 shares during the last quarter. Worth Asset Management LLC purchased a new position in Phillips 66 during the first quarter valued at $32,000. Finally, Bell Investment Advisors Inc increased its holdings in Phillips 66 by 82.1% in the 3rd quarter. Bell Investment Advisors Inc now owns 306 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 138 shares during the last quarter. 71.83% of the stock is owned by institutional investors.
Insider Buying and Selling at Phillips 66
In other news, CFO Kevin J. Mitchell sold 31,700 shares of Phillips 66 stock in a transaction on Friday, December 1st. The shares were sold at an average price of $130.21, for a total transaction of $4,127,657.00. Following the completion of the sale, the chief financial officer now directly owns 103,351 shares in the company, valued at $13,457,333.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Kevin J. Mitchell sold 31,700 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $130.21, for a total value of $4,127,657.00. Following the completion of the transaction, the chief financial officer now directly owns 103,351 shares in the company, valued at $13,457,333.71. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert W. Pease bought 682 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was purchased at an average price of $146.58 per share, for a total transaction of $99,967.56. Following the transaction, the director now owns 1,900 shares of the company’s stock, valued at $278,502. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 63,587 shares of company stock worth $8,671,094. 4.57% of the stock is owned by corporate insiders.
Phillips 66 Trading Up 1.0 %
PSX stock traded up $1.45 during mid-day trading on Thursday, reaching $142.69. The company had a trading volume of 1,294,416 shares, compared to its average volume of 3,088,268. The company has a market capitalization of $61.05 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.85 and a beta of 1.38. The firm has a 50 day moving average of $138.46 and a 200 day moving average of $125.04. Phillips 66 has a 12 month low of $89.74 and a 12 month high of $150.08. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.26 and a quick ratio of 1.02.
Phillips 66 (NYSE:PSX – Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The oil and gas company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.37 by $0.72. Phillips 66 had a return on equity of 22.10% and a net margin of 4.68%. On average, equities analysts predict that Phillips 66 will post 13.06 earnings per share for the current fiscal year.
Phillips 66 Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Tuesday, February 20th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Friday, February 16th. Phillips 66’s dividend payout ratio (DPR) is presently 27.15%.
Analyst Ratings Changes
Several brokerages have recently issued reports on PSX. Raymond James lifted their target price on Phillips 66 from $140.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. StockNews.com raised shares of Phillips 66 from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. Barclays upped their price target on shares of Phillips 66 from $132.00 to $139.00 and gave the company an “equal weight” rating in a research note on Monday, February 5th. TD Cowen lifted their price objective on shares of Phillips 66 from $134.00 to $150.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. Finally, Citigroup began coverage on shares of Phillips 66 in a research report on Wednesday, January 24th. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus price target of $138.21.
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.