Vanguard Personalized Indexing Management LLC Purchases 2,330 Shares of Phillips 66 (NYSE:PSX)

Vanguard Personalized Indexing Management LLC increased its position in shares of Phillips 66 (NYSE:PSX) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,815 shares of the oil and gas company’s stock after acquiring an additional 2,330 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Phillips 66 were worth $5,023,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new position in shares of Phillips 66 in the 2nd quarter valued at about $17,670,000. M&G Plc bought a new position in Phillips 66 in the second quarter valued at approximately $3,596,000. Duality Advisers LP bought a new stake in shares of Phillips 66 during the 1st quarter valued at $3,596,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Phillips 66 by 42.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 133,736 shares of the oil and gas company’s stock valued at $21,844,000 after acquiring an additional 39,775 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of Phillips 66 by 14.3% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 289,395 shares of the oil and gas company’s stock valued at $38,530,000 after purchasing an additional 36,116 shares during the period. Institutional investors own 76.93% of the company’s stock.

Insider Activity at Phillips 66

In other news, CFO Kevin J. Mitchell sold 30,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $139.01, for a total transaction of $4,170,300.00. Following the completion of the transaction, the chief financial officer now directly owns 81,937 shares in the company, valued at approximately $11,390,062.37. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.22% of the stock is owned by insiders.

Phillips 66 Stock Performance

PSX opened at $130.31 on Thursday. The company has a market capitalization of $54.54 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 4.53 and a beta of 1.33. The business’s 50-day moving average price is $135.46 and its two-hundred day moving average price is $143.87. Phillips 66 has a 1 year low of $107.85 and a 1 year high of $174.08. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 0.79.

Phillips 66 (NYSE:PSX) last announced its earnings results on Tuesday, July 30th. The oil and gas company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.33. Phillips 66 had a return on equity of 16.77% and a net margin of 3.32%. The business had revenue of $38.91 billion for the quarter, compared to analyst estimates of $37.79 billion. During the same quarter last year, the firm earned $3.87 EPS. Phillips 66’s revenue for the quarter was up 8.9% compared to the same quarter last year. Equities analysts expect that Phillips 66 will post 9.25 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.53%. The ex-dividend date was Tuesday, August 20th. Phillips 66’s payout ratio is 35.38%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wolfe Research initiated coverage on Phillips 66 in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Piper Sandler cut their price target on shares of Phillips 66 from $170.00 to $151.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Wells Fargo & Company boosted their price objective on shares of Phillips 66 from $176.00 to $182.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Barclays increased their target price on shares of Phillips 66 from $136.00 to $138.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Finally, TD Cowen decreased their price target on shares of Phillips 66 from $162.00 to $150.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.29.

About Phillips 66

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.