Phillips 66 $PSX Shares Purchased by Venture Visionary Partners LLC

Venture Visionary Partners LLC boosted its holdings in shares of Phillips 66 (NYSE:PSX) by 13.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 79,136 shares of the oil and gas company’s stock after purchasing an additional 9,585 shares during the period. Venture Visionary Partners LLC’s holdings in Phillips 66 were worth $10,764,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elliott Investment Management L.P. lifted its stake in shares of Phillips 66 by 1,929.0% in the first quarter. Elliott Investment Management L.P. now owns 15,725,000 shares of the oil and gas company’s stock valued at $1,941,723,000 after purchasing an additional 14,950,000 shares during the period. Vanguard Group Inc. grew its holdings in shares of Phillips 66 by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 46,368,000 shares of the oil and gas company’s stock worth $5,531,702,000 after acquiring an additional 5,978,841 shares during the period. Chronos Wealth Management LLC purchased a new position in Phillips 66 in the 2nd quarter valued at approximately $281,000. Edgestream Partners L.P. acquired a new position in Phillips 66 during the second quarter worth $4,952,000. Finally, Evergreen Wealth Solutions LLC purchased a new stake in Phillips 66 during the first quarter worth $292,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Trading Up 0.2%

Shares of PSX opened at $141.69 on Tuesday. The stock’s fifty day simple moving average is $135.84 and its 200 day simple moving average is $129.66. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $144.96. The company has a current ratio of 1.23, a quick ratio of 0.87 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $57.09 billion, a P/E ratio of 38.71, a price-to-earnings-growth ratio of 0.74 and a beta of 0.92.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.14 by $0.38. The company had revenue of $33.69 billion during the quarter, compared to analyst estimates of $32.29 billion. Phillips 66 had a net margin of 1.12% and a return on equity of 5.53%. During the same quarter in the prior year, the business earned $2.04 earnings per share. On average, equities research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $4.80 annualized dividend and a yield of 3.4%. Phillips 66’s payout ratio is 131.15%.

Insiders Place Their Bets

In other Phillips 66 news, EVP Vanessa Allen Sutherland sold 4,393 shares of the company’s stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $140.00, for a total value of $615,020.00. Following the transaction, the executive vice president directly owned 34,587 shares of the company’s stock, valued at $4,842,180. This represents a 11.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kevin J. Mitchell sold 30,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $138.00, for a total transaction of $4,140,000.00. Following the transaction, the chief financial officer directly owned 89,771 shares of the company’s stock, valued at approximately $12,388,398. This represents a 25.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 86,093 shares of company stock worth $11,933,256 in the last 90 days. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Phillips 66 in a research note on Wednesday, October 8th. Raymond James Financial upped their target price on Phillips 66 from $153.00 to $169.00 and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Bank of America lowered Phillips 66 from a “buy” rating to a “neutral” rating and increased their price objective for the company from $144.00 to $147.00 in a research note on Wednesday, September 3rd. BMO Capital Markets raised their price target on shares of Phillips 66 from $152.00 to $160.00 in a research note on Tuesday, November 11th. Finally, Evercore ISI increased their price target on Phillips 66 from $130.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $148.35.

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.