Phillips 66 (NYSE:PSX) Position Boosted by Claro Advisors LLC

Claro Advisors LLC grew its holdings in shares of Phillips 66 (NYSE:PSX) by 4.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,738 shares of the oil and gas company’s stock after acquiring an additional 75 shares during the quarter. Claro Advisors LLC’s holdings in Phillips 66 were worth $284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PSX. Miracle Mile Advisors LLC grew its position in Phillips 66 by 1.5% in the 1st quarter. Miracle Mile Advisors LLC now owns 22,821 shares of the oil and gas company’s stock valued at $3,728,000 after buying an additional 343 shares in the last quarter. BKM Wealth Management LLC boosted its holdings in shares of Phillips 66 by 3.7% in the first quarter. BKM Wealth Management LLC now owns 16,064 shares of the oil and gas company’s stock valued at $2,624,000 after acquiring an additional 568 shares in the last quarter. Diversified Trust Co increased its stake in shares of Phillips 66 by 95.4% during the first quarter. Diversified Trust Co now owns 21,992 shares of the oil and gas company’s stock valued at $3,592,000 after acquiring an additional 10,735 shares during the period. Aviance Capital Partners LLC raised its holdings in Phillips 66 by 268.2% during the first quarter. Aviance Capital Partners LLC now owns 5,828 shares of the oil and gas company’s stock worth $952,000 after purchasing an additional 4,245 shares in the last quarter. Finally, Mirador Capital Partners LP lifted its position in Phillips 66 by 1.1% in the first quarter. Mirador Capital Partners LP now owns 44,997 shares of the oil and gas company’s stock worth $7,350,000 after purchasing an additional 510 shares during the period. Institutional investors own 76.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Piper Sandler lowered their price target on Phillips 66 from $170.00 to $151.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Argus reiterated a “buy” rating and issued a $167.00 price target on shares of Phillips 66 in a research report on Thursday, May 30th. Mizuho reduced their price objective on shares of Phillips 66 from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Thursday, June 20th. StockNews.com downgraded shares of Phillips 66 from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Finally, Raymond James reduced their target price on shares of Phillips 66 from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Thursday, May 30th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus price target of $157.43.

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, EVP Timothy D. Roberts sold 37,742 shares of Phillips 66 stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $145.80, for a total transaction of $5,502,783.60. Following the completion of the sale, the executive vice president now owns 48,365 shares of the company’s stock, valued at approximately $7,051,617. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.22% of the company’s stock.

Phillips 66 Stock Performance

Shares of Phillips 66 stock opened at $140.93 on Tuesday. The stock has a market cap of $59.75 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 2.12 and a beta of 1.34. Phillips 66 has a 12 month low of $94.51 and a 12 month high of $174.08. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $142.91 and a 200-day simple moving average of $144.83.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, April 26th. The oil and gas company reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). The business had revenue of $36.44 billion for the quarter, compared to analyst estimates of $35.87 billion. Phillips 66 had a return on equity of 19.19% and a net margin of 3.84%. During the same quarter in the previous year, the business posted $4.21 earnings per share. On average, sell-side analysts anticipate that Phillips 66 will post 11.08 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.26%. The ex-dividend date of this dividend was Friday, May 17th. This is a positive change from Phillips 66’s previous quarterly dividend of $1.05. Phillips 66’s dividend payout ratio is currently 35.38%.

Phillips 66 Company 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.