Phillips 66 (NYSE:PSX) Shares Acquired by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas grew its holdings in shares of Phillips 66 (NYSE:PSX) by 1.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 33,128 shares of the oil and gas company’s stock after buying an additional 611 shares during the period. Community Bank & Trust Waco Texas’ holdings in Phillips 66 were worth $4,355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Bleakley Financial Group LLC grew its stake in Phillips 66 by 4.9% in the 1st quarter. Bleakley Financial Group LLC now owns 8,649 shares of the oil and gas company’s stock valued at $1,413,000 after acquiring an additional 407 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Phillips 66 by 10.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 58,808 shares of the oil and gas company’s stock worth $9,606,000 after acquiring an additional 5,690 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in Phillips 66 by 10.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 556,671 shares of the oil and gas company’s stock worth $90,927,000 after buying an additional 50,744 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Phillips 66 by 20.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 520,500 shares of the oil and gas company’s stock worth $85,018,000 after acquiring an additional 88,160 shares during the last quarter. Finally, Delta Investment Management LLC increased its holdings in shares of Phillips 66 by 5.0% during the 1st quarter. Delta Investment Management LLC now owns 2,192 shares of the oil and gas company’s stock worth $358,000 after buying an additional 105 shares during the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Phillips 66 news, CFO Kevin J. Mitchell sold 30,000 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 81,937 shares of the company’s stock, valued at $11,390,062.37. This trade represents 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 at this link. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PSX. Piper Sandler set a $144.00 price target on Phillips 66 in a research note on Thursday, October 17th. Mizuho cut their price target on shares of Phillips 66 from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Bank of America began coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price objective for the company. TD Cowen reduced their target price on shares of Phillips 66 from $162.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, Wells Fargo & Company cut their price objective on Phillips 66 from $182.00 to $167.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $149.69.

Phillips 66 Price Performance

PSX opened at $127.68 on Wednesday. The company has a market capitalization of $52.73 billion, a P/E ratio of 16.39, a PEG ratio of 4.19 and a beta of 1.33. Phillips 66 has a 1-year low of $111.90 and a 1-year high of $174.08. The company has a 50-day moving average of $129.87 and a 200-day moving average of $136.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

Phillips 66 (NYSE:PSX) last issued 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. The company had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business’s revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $4.63 EPS. Equities analysts expect that Phillips 66 will post 7.63 EPS for the current fiscal year.

Phillips 66 Announces Dividend

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

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.