1,051 Shares in Phillips 66 (NYSE:PSX) Acquired by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC bought a new stake in Phillips 66 (NYSE:PSX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,051 shares of the oil and gas company’s stock, valued at approximately $138,000.

Several other hedge funds have also bought and sold shares of PSX. Crewe Advisors LLC bought a new stake in shares of Phillips 66 during the 1st quarter worth $25,000. Strategic Financial Concepts LLC purchased a new stake in Phillips 66 during the second quarter valued at about $26,000. nVerses Capital LLC bought a new stake in Phillips 66 during the third quarter worth about $26,000. Values First Advisors Inc. purchased a new position in shares of Phillips 66 in the 3rd quarter worth about $30,000. Finally, Bank & Trust Co purchased a new position in shares of Phillips 66 during the 2nd quarter valued at about $31,000. 76.93% of the stock is currently owned by institutional investors.

Phillips 66 Price Performance

Shares of Phillips 66 stock opened at $127.68 on Wednesday. The company has a market cap of $52.73 billion, a PE ratio of 16.39, a P/E/G ratio of 4.12 and a beta of 1.33. The business has a 50 day moving average of $129.87 and a 200 day moving average of $136.21. Phillips 66 has a 52 week low of $111.90 and a 52 week high of $174.08. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last posted its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The firm had revenue of $36.16 billion during the quarter, compared to analysts’ expectations of $36.31 billion. During the same period last year, the company posted $4.63 EPS. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. As a group, equities research analysts forecast that Phillips 66 will post 7.68 earnings per share for the current year.

Phillips 66 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $4.60 annualized dividend and a yield of 3.60%. Phillips 66’s payout ratio is 59.05%.

Analyst Ratings Changes

Several analysts have issued reports on PSX shares. Barclays cut their target price on Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday. JPMorgan Chase & Co. reduced their target price on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Wells Fargo & Company lowered their price target on shares of Phillips 66 from $182.00 to $167.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Scotiabank decreased their price objective on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Bank of America initiated coverage on Phillips 66 in a research note on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price for the company. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and an average target price of $149.69.

Insiders Place Their Bets

In other news, CFO Kevin J. Mitchell sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $139.01, for a total value of $4,170,300.00. Following the completion of the transaction, the chief financial officer now owns 81,937 shares in the company, valued at $11,390,062.37. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.22% of the company’s stock.

Phillips 66 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.