iSAM Funds UK Ltd Acquires Shares of 13,214 Phillips 66 $PSX

iSAM Funds UK Ltd acquired a new position in shares of Phillips 66 (NYSE:PSX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 13,214 shares of the oil and gas company’s stock, valued at approximately $1,797,000.

Other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. bought a new position in shares of Phillips 66 during the second quarter valued at about $25,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Phillips 66 during the second quarter worth about $32,000. Winnow Wealth LLC bought a new stake in Phillips 66 in the 3rd quarter worth about $36,000. Wealth Watch Advisors INC bought a new stake in Phillips 66 in the 3rd quarter worth about $36,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Phillips 66 in the 2nd quarter valued at about $38,000. Institutional investors own 76.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. BMO Capital Markets reissued an “outperform” rating and set a $170.00 target price on shares of Phillips 66 in a research report on Friday, February 6th. Jefferies Financial Group reaffirmed a “hold” rating and set a $158.00 price target on shares of Phillips 66 in a research report on Friday, February 20th. Scotiabank reiterated a “sector perform” rating and set a $140.00 price target on shares of Phillips 66 in a report on Friday, January 16th. Wall Street Zen raised Phillips 66 from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, UBS Group restated a “buy” rating and issued a $172.00 price objective on shares of Phillips 66 in a research note on Friday, February 6th. Eleven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, Phillips 66 presently has an average rating of “Hold” and a consensus target price of $161.33.

Phillips 66 Stock Down 0.7%

PSX opened at $172.85 on Friday. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $178.38. The company’s 50-day moving average price is $151.43 and its two-hundred day moving average price is $140.05. The stock has a market cap of $69.27 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.60 and a beta of 0.86. The company has a quick ratio of 0.91, a current ratio of 1.30 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Wednesday, February 4th. The oil and gas company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.32. The company had revenue of $32.16 billion during the quarter, compared to analyst estimates of $33.81 billion. Phillips 66 had a net margin of 3.22% and a return on equity of 9.13%. During the same quarter last year, the business posted ($0.15) EPS. As a group, equities analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, February 23rd were given a $1.27 dividend. This is an increase from Phillips 66’s previous quarterly dividend of $1.20. This represents a $5.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, February 23rd. Phillips 66’s dividend payout ratio (DPR) is 46.95%.

Insider Buying and Selling at Phillips 66

In other news, EVP Vanessa Allen Sutherland sold 4,394 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $150.00, for a total transaction of $659,100.00. Following the transaction, the executive vice president owned 25,799 shares of the company’s stock, valued at $3,869,850. This represents a 14.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Don Baldridge sold 7,500 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $160.00, for a total value of $1,200,000.00. Following the transaction, the executive vice president owned 38,488 shares of the company’s stock, valued at $6,158,080. The trade was a 16.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 38,088 shares of company stock worth $6,147,655 over the last ninety days. 0.22% of the stock is currently owned by company insiders.

Phillips 66 Company 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.