Personal CFO Solutions LLC Invests $683,000 in Phillips 66 $PSX

Personal CFO Solutions LLC acquired a new position in Phillips 66 (NYSE:PSX) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,747 shares of the oil and gas company’s stock, valued at approximately $683,000.

Other hedge funds have also recently made changes to their positions in the company. Board of the Pension Protection Fund purchased a new position in shares of Phillips 66 in the 4th quarter worth about $26,000. Accordant Advisory Group Inc raised its stake in Phillips 66 by 900.0% during the 4th quarter. Accordant Advisory Group Inc now owns 200 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 180 shares during the last quarter. SWAN Capital LLC lifted its holdings in Phillips 66 by 1,055.6% in the fourth quarter. SWAN Capital LLC now owns 208 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 190 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Phillips 66 in the 4th quarter worth approximately $27,000. Finally, Stephens Consulting LLC raised its position in Phillips 66 by 67.7% in the fourth quarter. Stephens Consulting LLC now owns 223 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 90 shares during the period. 76.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PSX shares. Mizuho raised Phillips 66 from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $170.00 to $212.00 in a research report on Wednesday, May 27th. Barclays boosted their target price on Phillips 66 from $177.00 to $183.00 and gave the stock an “equal weight” rating in a research report on Thursday. Guggenheim raised shares of Phillips 66 to an “outperform” rating in a research note on Wednesday, May 27th. Wolfe Research lifted their target price on Phillips 66 from $187.00 to $193.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Phillips 66 from $188.00 to $202.00 in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.94.

Insider Buying and Selling at Phillips 66

In other news, Director Kevin Omar Meyers acquired 175 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were purchased at an average price of $173.12 per share, for a total transaction of $30,296.00. Following the acquisition, 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 the SEC website. Also, CFO Kevin J. Mitchell sold 29,400 shares of the 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 transaction, the chief financial officer owned 97,376 shares in the company, valued at approximately $16,553,920. The trade was a 23.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.40% of the stock is owned by insiders.

Key Stories Impacting Phillips 66

Here are the key news stories impacting Phillips 66 this week:

• Positive Sentiment: Phillips 66 declared a quarterly dividend of $1.27 per share, reinforcing its shareholder-return story and likely supporting demand for the stock. Phillips 66 Announces Quarterly Dividend
• Positive Sentiment: Rising crude prices and renewed geopolitical risk in the Middle East have lifted the broader energy complex, and Phillips 66 is benefiting from expectations that tighter fuel supplies could improve refining margins. Phillips 66 (PSX) Could Be 3% Undervalued After Oil Spiked On Middle East Tensions
• Positive Sentiment: Analysts have been highlighting Phillips 66 as a strong long-term momentum name, while Barclays also recently raised its price target to $183, keeping attention on the stock’s valuation and earnings power. Why Phillips 66 (PSX) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Commentary on Phillips 66 being on the S&P 500 radar and other momentum-focused articles are adding visibility, but do not appear to reflect a material company-specific catalyst. What Puts Phillips 66 (NYSE:PSX) on the S&P 500 Radar?
• Negative Sentiment: Some headline risk remains from higher crude costs after U.S. strikes on Iran, which could pressure refining economics if feedstock prices rise faster than product prices. Phillips 66 (PSX) Stock Faces Higher Crude Costs After U.S. Strikes On Iran
• Negative Sentiment: Barclays’ updated target of $183 sits below the current share price, suggesting limited near-term upside from that firm’s perspective. Barclays price target update

Phillips 66 Stock Up 1.1%

Shares of NYSE PSX opened at $189.83 on Friday. Phillips 66 has a 52-week low of $118.07 and a 52-week high of $190.66. The company’s 50-day simple moving average is $176.08 and its 200-day simple moving average is $162.78. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.63. The firm has a market cap of $76.11 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 0.25 and a beta of 0.69.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 EPS for the quarter, topping the consensus estimate of ($0.54) by $1.03. The firm had revenue of $32.54 billion during the quarter, compared to analysts’ expectations of $35.86 billion. Phillips 66 had a return on equity of 10.98% and a net margin of 2.99%.The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.90) earnings per share. Equities analysts predict that Phillips 66 will post 19.27 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 18th will be given a dividend of $1.27 per share. The ex-dividend date is Tuesday, August 18th. This represents a $5.08 dividend on an annualized basis and a yield of 2.7%. Phillips 66’s dividend payout ratio (DPR) is presently 50.05%.

About Phillips 66

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.