Phillips 66 (NYSE:PSX) Shares Purchased by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. raised its stake in Phillips 66 (NYSE:PSX) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,639 shares of the oil and gas company’s stock after buying an additional 212 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Phillips 66 were worth $884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in Phillips 66 during the 4th quarter valued at approximately $254,336,000. Bahl & Gaynor Inc. increased its holdings in Phillips 66 by 41.2% in the third quarter. Bahl & Gaynor Inc. now owns 1,506,861 shares of the oil and gas company’s stock worth $181,049,000 after buying an additional 439,360 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Phillips 66 by 1,038.3% in the 3rd quarter. Acadian Asset Management LLC now owns 472,208 shares of the oil and gas company’s stock valued at $56,720,000 after purchasing an additional 430,723 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Phillips 66 by 53.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,214,738 shares of the oil and gas company’s stock worth $145,951,000 after acquiring an additional 421,714 shares during the period. Finally, Nomura Holdings Inc. grew its holdings in Phillips 66 by 10,239.5% in the 3rd quarter. Nomura Holdings Inc. now owns 399,000 shares of the oil and gas company’s stock valued at $47,940,000 after buying an additional 395,141 shares during the last quarter. 76.93% of the stock is owned by institutional investors.

Phillips 66 Trading Down 0.2 %

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

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

Phillips 66 Increases Dividend

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

Insiders Place Their Bets

In other news, VP Joseph Scott Pruitt sold 5,922 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $157.40, for a total value of $932,122.80. Following the transaction, the vice president now owns 6,583 shares of the company’s stock, valued at approximately $1,036,164.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Robert W. Pease acquired 682 shares of the firm’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 completion of the acquisition, the director now owns 1,900 shares in the company, valued at $278,502. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Joseph Scott Pruitt sold 5,922 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $157.40, for a total transaction of $932,122.80. Following the completion of the sale, the vice president now owns 6,583 shares in the company, valued at $1,036,164.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,056 shares of company stock valued at $5,272,681. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PSX. Citigroup assumed coverage on shares of Phillips 66 in a report on Wednesday, January 24th. They issued a “buy” rating for the company. The Goldman Sachs Group upped their price target on Phillips 66 from $152.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Piper Sandler lifted their price objective on Phillips 66 from $169.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Mizuho lowered their target price 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. Finally, StockNews.com downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.