SevenBridge Financial Group LLC Decreases Stock Holdings in Phillips 66 (NYSE:PSX)

SevenBridge Financial Group LLC lessened its stake in shares of Phillips 66 (NYSE:PSXFree Report) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,437 shares of the oil and gas company’s stock after selling 98 shares during the period. SevenBridge Financial Group LLC’s holdings in Phillips 66 were worth $3,387,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Chicago Capital LLC bought a new position in shares of Phillips 66 during the 4th quarter worth $219,000. PFG Private Wealth Management LLC lifted its stake in shares of Phillips 66 by 476.4% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,049 shares of the oil and gas company’s stock worth $140,000 after purchasing an additional 867 shares during the last quarter. Secure Asset Management LLC purchased a new stake in shares of Phillips 66 during the 4th quarter worth $201,000. Claro Advisors LLC purchased a new stake in shares of Phillips 66 during the 4th quarter worth $221,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of Phillips 66 by 26.6% during the 4th quarter. AdvisorNet Financial Inc now owns 1,275 shares of the oil and gas company’s stock worth $170,000 after purchasing an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Down 0.0 %

Shares of NYSE PSX opened at $163.33 on Tuesday. Phillips 66 has a twelve month low of $89.74 and a twelve month high of $163.85. The company has a current ratio of 1.26, a quick ratio of 1.02 and a debt-to-equity ratio of 0.56. The stock has a fifty day simple moving average of $147.67 and a 200-day simple moving average of $130.95. The stock has a market capitalization of $69.88 billion, a PE ratio of 10.56, a PEG ratio of 2.12 and a beta of 1.37.

Phillips 66 (NYSE:PSXGet Free Report) last released its earnings results on Wednesday, January 31st. The oil and gas company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.37 by $0.72. Phillips 66 had a return on equity of 22.10% and a net margin of 4.68%. The firm had revenue of $38.74 billion during the quarter, compared to analysts’ expectations of $34.30 billion. On average, equities analysts forecast that Phillips 66 will post 12.85 earnings per share for the current year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 20th were paid a dividend of $1.05 per share. The ex-dividend date was Friday, February 16th. This represents a $4.20 annualized dividend and a yield of 2.57%. Phillips 66’s payout ratio is 27.15%.

Analyst Ratings Changes

PSX has been the subject of a number of research analyst reports. Mizuho increased their price target on Phillips 66 from $135.00 to $167.00 and gave the company a “neutral” rating in a research note on Friday, March 22nd. Wells Fargo & Company raised their price objective on Phillips 66 from $163.00 to $179.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. JPMorgan Chase & Co. raised their target price on Phillips 66 from $149.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday. Barclays raised their target price on Phillips 66 from $132.00 to $139.00 and gave the stock an “equal weight” rating in a report on Monday, February 5th. Finally, Citigroup started coverage on Phillips 66 in a report on Wednesday, January 24th. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $152.31.

View Our Latest Stock Report on PSX

Insider Buying and Selling

In other news, VP Joseph Scott Pruitt sold 5,922 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $157.40, for a total transaction of $932,122.80. Following the completion of the transaction, the vice president now directly owns 6,583 shares of the company’s stock, valued at approximately $1,036,164.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, VP Joseph Scott Pruitt sold 5,922 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $157.40, for a total value of $932,122.80. Following the completion of the sale, the vice president now directly owns 6,583 shares of the company’s stock, valued at approximately $1,036,164.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Zhanna Golodryga sold 5,253 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $135.00, for a total value of $709,155.00. Following the completion of the sale, the executive vice president now directly owns 24,914 shares of the company’s stock, valued at $3,363,390. The disclosure for this sale can be found here. Insiders sold 40,309 shares of company stock valued at $5,981,836 in the last three months. 4.57% of the stock is owned by corporate insiders.

Phillips 66 Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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