Nkcfo LLC Acquires 23,000 Shares of Phillips 66 (NYSE:PSX)

Nkcfo LLC increased its position in shares of Phillips 66 (NYSE:PSX) by 42.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,500 shares of the oil and gas company’s stock after acquiring an additional 23,000 shares during the quarter. Phillips 66 makes up about 5.6% of Nkcfo LLC’s portfolio, making the stock its 5th biggest holding. Nkcfo LLC’s holdings in Phillips 66 were worth $10,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of PSX. Brown Advisory Inc. boosted its position in shares of Phillips 66 by 5.5% during the 3rd quarter. Brown Advisory Inc. now owns 56,217 shares of the oil and gas company’s stock valued at $6,755,000 after acquiring an additional 2,939 shares during the last quarter. Compass Wealth Management LLC raised its holdings in Phillips 66 by 7.6% in the 3rd quarter. Compass Wealth Management LLC now owns 1,591 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 112 shares during the period. Sage Mountain Advisors LLC purchased a new stake in Phillips 66 in the 3rd quarter valued at about $235,000. Everhart Financial Group Inc. raised its holdings in Phillips 66 by 9.1% in the 3rd quarter. Everhart Financial Group Inc. now owns 2,792 shares of the oil and gas company’s stock valued at $335,000 after buying an additional 234 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in Phillips 66 by 16.0% in the 3rd quarter. Lindbrook Capital LLC now owns 3,159 shares of the oil and gas company’s stock valued at $380,000 after buying an additional 435 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Activity at Phillips 66

In related news, EVP Richard G. Harbison sold 21,934 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $146.27, for a total value of $3,208,286.18. Following the completion of the transaction, the executive vice president now directly owns 24,941 shares of the company’s stock, valued at $3,648,120.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Richard G. Harbison sold 21,934 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $146.27, for a total value of $3,208,286.18. Following the completion of the transaction, the executive vice president now directly owns 24,941 shares of the company’s stock, valued at $3,648,120.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph Scott Pruitt sold 7,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $157.26, for a total value of $1,132,272.00. Following the completion of the transaction, the vice president now directly owns 6,583 shares of the company’s stock, valued at $1,035,242.58. The disclosure for this sale can be found here. Insiders sold 35,056 shares of company stock valued at $5,272,681 over the last three months. 0.22% of the stock is owned by corporate insiders.

Phillips 66 Stock Down 0.2 %

Shares of Phillips 66 stock traded down $0.26 on Friday, reaching $143.61. 1,806,203 shares of the company were exchanged, compared to its average volume of 2,353,122. Phillips 66 has a 1-year low of $89.74 and a 1-year high of $174.08. The company has a market cap of $60.88 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 1.82 and a beta of 1.41. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.17 and a quick ratio of 1.02. The stock’s 50 day moving average price is $155.55 and its 200-day moving average price is $138.35.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). Phillips 66 had a return on equity of 19.19% and a net margin of 3.84%. The company had revenue of $36.44 billion for the quarter, compared to analyst estimates of $35.87 billion. During the same period in the prior year, the firm posted $4.21 earnings per share. As a group, equities analysts forecast that Phillips 66 will post 13.17 EPS for the current year.

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.20%. This is an increase from Phillips 66’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Friday, May 17th. Phillips 66’s dividend payout ratio is 32.31%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PSX shares. Raymond James boosted their price objective on shares of Phillips 66 from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. boosted their price objective on shares of Phillips 66 from $149.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Mizuho reduced their price objective on shares of Phillips 66 from $167.00 to $162.00 and set a “neutral” rating on the stock in a report on Friday, April 12th. Citigroup began coverage on shares of Phillips 66 in a research note on Wednesday, January 24th. They set a “buy” rating on the stock. Finally, Barclays cut their price target on shares of Phillips 66 from $155.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Phillips 66 currently has a consensus rating of “Moderate Buy” and an average price target of $157.43.

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.