Aptus Capital Advisors LLC Has $6.22 Million Holdings in Phillips 66 $PSX

Aptus Capital Advisors LLC boosted its stake in Phillips 66 (NYSE:PSX) by 7.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 48,180 shares of the oil and gas company’s stock after buying an additional 3,312 shares during the period. Aptus Capital Advisors LLC’s holdings in Phillips 66 were worth $6,217,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Phillips 66 by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 51,930,038 shares of the oil and gas company’s stock valued at $6,701,052,000 after buying an additional 205,480 shares in the last quarter. State Street Corp raised its position in Phillips 66 by 0.8% in the 4th quarter. State Street Corp now owns 23,589,550 shares of the oil and gas company’s stock valued at $3,043,996,000 after purchasing an additional 175,616 shares during the last quarter. Geode Capital Management LLC raised its position in Phillips 66 by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 10,413,824 shares of the oil and gas company’s stock valued at $1,338,596,000 after purchasing an additional 45,340 shares during the last quarter. Norges Bank acquired a new position in Phillips 66 in the fourth quarter worth $640,206,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Phillips 66 by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,944,561 shares of the oil and gas company’s stock worth $509,006,000 after purchasing an additional 89,621 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Mizuho upgraded Phillips 66 from a “neutral” rating to an “outperform” rating and raised their target price for the company from $170.00 to $212.00 in a research note on Wednesday, May 27th. Zacks Research raised shares of Phillips 66 from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Raymond James Financial raised their price objective on shares of Phillips 66 from $215.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Weiss Ratings downgraded shares of Phillips 66 from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, Guggenheim raised shares of Phillips 66 to an “outperform” rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and an average target price of $192.33.

Insider Transactions at Phillips 66

In related news, Director Kevin Omar Meyers bought 175 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was bought at an average cost of $173.12 per share, for a total transaction of $30,296.00. Following the transaction, the director owned 16,799 shares of the company’s stock, valued at $2,908,242.88. This represents a 1.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin J. Mitchell sold 29,400 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $170.00, for a total value of $4,998,000.00. Following the completion of the sale, the chief financial officer directly owned 97,376 shares of the company’s stock, valued at approximately $16,553,920. This trade represents a 23.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 45,629 shares of company stock worth $8,071,540. Company insiders own 0.40% of the company’s stock.

Phillips 66 Stock Performance

Shares of Phillips 66 stock opened at $172.90 on Tuesday. The firm has a fifty day moving average of $172.42 and a two-hundred day moving average of $158.19. The stock has a market capitalization of $69.32 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 0.26 and a beta of 0.68. Phillips 66 has a 52 week low of $118.00 and a 52 week high of $190.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.85 and a current ratio of 1.13.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $1.03. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The business had revenue of $32.54 billion for the quarter, compared to analyst estimates of $35.86 billion. During the same period last year, the company earned ($0.90) EPS. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts predict that Phillips 66 will post 17.95 EPS for the current year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were issued a dividend of $1.27 per share. The ex-dividend date was Monday, May 18th. This represents a $5.08 dividend on an annualized basis and a yield of 2.9%. Phillips 66’s dividend payout ratio (DPR) is 50.05%.

Phillips 66 Profile

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.