Saturna Capital Corp Buys 229 Shares of Phillips 66 (NYSE:PSX)

Saturna Capital Corp grew its stake in shares of Phillips 66 (NYSE:PSX) by 15.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,729 shares of the oil and gas company’s stock after acquiring an additional 229 shares during the period. Saturna Capital Corp’s holdings in Phillips 66 were worth $227,000 at the end of the most recent quarter.

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

Phillips 66 Trading Up 0.1 %

Shares of PSX stock opened at $127.83 on Wednesday. The firm has a market capitalization of $52.79 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 4.19 and a beta of 1.33. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm’s fifty day simple moving average is $129.73 and its 200 day simple moving average is $136.04. Phillips 66 has a 1 year low of $111.90 and a 1 year 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. 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 for the quarter, compared to analyst estimates of $36.31 billion. During the same quarter in the prior year, the firm earned $4.63 EPS. The company’s revenue was down 10.3% on a year-over-year basis. As a group, sell-side analysts predict that Phillips 66 will post 7.63 EPS for the current year.

Phillips 66 Announces Dividend

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 paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Monday, November 18th. Phillips 66’s payout ratio is 59.05%.

Insider Buying and Selling

In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 81,937 shares in the company, valued at approximately $11,390,062.37. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.22% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PSX. Barclays decreased their price objective on shares of Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday. UBS Group reduced their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Wells Fargo & Company reduced their target price on shares of Phillips 66 from $182.00 to $167.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Raymond James boosted their price target on shares of Phillips 66 from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Scotiabank lowered their target price on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Phillips 66 has a consensus rating of “Moderate Buy” and a consensus price target of $149.69.

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.