Trust Investment Advisors Sells 700 Shares of Phillips 66 (PSX)

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Trust Investment Advisors trimmed its stake in shares of Phillips 66 (NYSE:PSX) by 5.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,935 shares of the oil and gas company’s stock after selling 700 shares during the quarter. Trust Investment Advisors’ holdings in Phillips 66 were worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Phillips 66 by 17.9% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,883 shares of the oil and gas company’s stock worth $259,000 after acquiring an additional 437 shares during the period. Waters Parkerson & CO. LLC raised its stake in shares of Phillips 66 by 14.0% during the 1st quarter. Waters Parkerson & CO. LLC now owns 3,584 shares of the oil and gas company’s stock worth $344,000 after buying an additional 440 shares in the last quarter. Atria Investments LLC raised its stake in shares of Phillips 66 by 15.2% during the 1st quarter. Atria Investments LLC now owns 3,364 shares of the oil and gas company’s stock worth $323,000 after buying an additional 445 shares in the last quarter. Buckley Wealth Management LLC raised its stake in shares of Phillips 66 by 4.0% during the 1st quarter. Buckley Wealth Management LLC now owns 11,780 shares of the oil and gas company’s stock worth $1,130,000 after buying an additional 449 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its stake in shares of Phillips 66 by 2.5% during the 1st quarter. Riverhead Capital Management LLC now owns 18,188 shares of the oil and gas company’s stock worth $1,744,000 after buying an additional 450 shares in the last quarter. 69.22% of the stock is owned by institutional investors.

NYSE PSX traded down $0.26 during mid-day trading on Wednesday, hitting $114.32. The stock had a trading volume of 6,453 shares, compared to its average volume of 2,640,112. Phillips 66 has a 52-week low of $78.63 and a 52-week high of $122.38. The company has a market capitalization of $53.54 billion, a P/E ratio of 26.21, a PEG ratio of 1.86 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.31 and a quick ratio of 0.80.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, April 27th. The oil and gas company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. Phillips 66 had a return on equity of 10.00% and a net margin of 4.85%. The firm had revenue of $24.05 billion during the quarter, compared to the consensus estimate of $29.23 billion. During the same period last year, the business posted $0.56 EPS. research analysts expect that Phillips 66 will post 7.27 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Monday, May 21st were given a dividend of $0.80 per share. This is an increase from Phillips 66’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Friday, May 18th. This represents a $3.20 annualized dividend and a yield of 2.80%. Phillips 66’s dividend payout ratio (DPR) is presently 73.06%.

PSX has been the subject of a number of analyst reports. Argus increased their target price on Phillips 66 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, May 17th. ValuEngine raised Phillips 66 from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Deutsche Bank cut their target price on Phillips 66 from $106.00 to $102.00 and set a “hold” rating for the company in a research note on Monday, March 19th. Credit Suisse Group increased their target price on Phillips 66 from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Monday, April 30th. Finally, JPMorgan Chase & Co. increased their target price on Phillips 66 from $108.00 to $109.00 and gave the stock a “neutral” rating in a research note on Monday, April 9th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. Phillips 66 has an average rating of “Hold” and a consensus price target of $108.25.

In other Phillips 66 news, VP Chukwuemeka A. Oyolu sold 6,900 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $120.00, for a total transaction of $828,000.00. Following the completion of the transaction, the vice president now owns 8,177 shares of the company’s stock, valued at $981,240. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.56% of the company’s stock.

Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and 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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