Phillips 66 (NYSE:PSX) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC decreased its position in shares of Phillips 66 (NYSE:PSX) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,945 shares of the oil and gas company’s stock after selling 128 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Phillips 66 were worth $4,068,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Crewe Advisors LLC purchased a new stake in Phillips 66 during the 1st quarter worth about $25,000. Strategic Financial Concepts LLC purchased a new position in Phillips 66 during the 2nd quarter worth approximately $26,000. nVerses Capital LLC purchased a new position in Phillips 66 during the 3rd quarter worth approximately $26,000. Values First Advisors Inc. purchased a new position in Phillips 66 during the 3rd quarter worth approximately $30,000. Finally, Bank & Trust Co purchased a new position in Phillips 66 during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Analysts Set New Price Targets

PSX has been the subject of a number of recent research reports. TD Cowen decreased their price objective on Phillips 66 from $162.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Barclays decreased their price objective on Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday. JPMorgan Chase & Co. reduced their price target on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. UBS Group reduced their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Scotiabank reduced their price target on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $149.69.

Insider Activity at Phillips 66

In related news, CFO Kevin J. Mitchell sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 81,937 shares of the company’s stock, valued at $11,390,062.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by corporate insiders.

Phillips 66 Stock Performance

Phillips 66 stock opened at $127.90 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The stock has a fifty day moving average of $129.87 and a two-hundred day moving average of $136.21. The company has a market capitalization of $52.82 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 4.12 and a beta of 1.33. Phillips 66 has a fifty-two week low of $111.90 and a fifty-two week high of $174.08.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. The company had revenue of $36.16 billion for the quarter, compared to analysts’ expectations of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.63 earnings per share. On average, analysts anticipate that Phillips 66 will post 7.68 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

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

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.