LRT Capital Management LLC Has $678,000 Stock Position in Phillips 66 $PSX

LRT Capital Management LLC lessened its stake in shares of Phillips 66 (NYSE:PSX) by 77.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,986 shares of the oil and gas company’s stock after selling 17,043 shares during the quarter. LRT Capital Management LLC’s holdings in Phillips 66 were worth $678,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PSX. Lighthouse Investment Partners LLC bought a new stake in Phillips 66 during the 3rd quarter worth $1,623,000. Integrated Wealth Concepts LLC raised its position in Phillips 66 by 23.3% in the third quarter. Integrated Wealth Concepts LLC now owns 14,621 shares of the oil and gas company’s stock valued at $1,989,000 after purchasing an additional 2,767 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Phillips 66 during the third quarter valued at about $66,000. Holocene Advisors LP boosted its stake in shares of Phillips 66 by 40.4% during the third quarter. Holocene Advisors LP now owns 999,000 shares of the oil and gas company’s stock valued at $135,884,000 after purchasing an additional 287,401 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of Phillips 66 by 5.5% during the third quarter. Focus Partners Wealth now owns 427,858 shares of the oil and gas company’s stock worth $58,197,000 after purchasing an additional 22,199 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of Phillips 66 in a research note on Friday, February 6th. Barclays set a $158.00 target price on shares of Phillips 66 in a research report on Friday, February 20th. Jefferies Financial Group restated a “hold” rating and issued a $158.00 price target on shares of Phillips 66 in a research report on Friday, February 20th. Zacks Research downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Argus lifted their price target on shares of Phillips 66 from $152.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Eleven investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $161.33.

Phillips 66 Price Performance

Shares of PSX opened at $173.56 on Tuesday. The business has a 50-day moving average of $152.11 and a 200-day moving average of $140.46. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.30 and a quick ratio of 0.91. The company has a market capitalization of $69.55 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 0.60 and a beta of 0.86. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $178.38.

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

Phillips 66 Increases Dividend

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

Insider Activity at Phillips 66

In related news, Director Lisa Ann Davis sold 3,800 shares of Phillips 66 stock in a transaction on Friday, March 13th. The shares were sold at an average price of $174.37, for a total transaction of $662,606.00. Following the completion of the transaction, the director owned 8,701 shares of the company’s stock, valued at $1,517,193.37. This trade represents a 30.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian Mandell sold 42,800 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $169.53, for a total transaction of $7,255,884.00. Following the completion of the transaction, the executive vice president owned 61,595 shares in the company, valued at approximately $10,442,200.35. The trade was a 41.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 84,688 shares of company stock valued at $14,066,145 over the last 90 days. 0.22% of the stock is owned by company insiders.

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.