Machina Capital S.A.S. Sells 6,846 Shares of Phillips 66 (NYSE:PSX)

Machina Capital S.A.S. lowered its position in shares of Phillips 66 (NYSE:PSX) by 29.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,445 shares of the oil and gas company’s stock after selling 6,846 shares during the quarter. Machina Capital S.A.S.’s holdings in Phillips 66 were worth $1,538,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PSX. Winslow Evans & Crocker Inc. increased its holdings in Phillips 66 by 15.6% in the second quarter. Winslow Evans & Crocker Inc. now owns 4,840 shares of the oil and gas company’s stock valued at $454,000 after purchasing an additional 654 shares during the last quarter. Parisi Gray Wealth Management increased its holdings in Phillips 66 by 4.5% in the second quarter. Parisi Gray Wealth Management now owns 5,270 shares of the oil and gas company’s stock valued at $493,000 after purchasing an additional 229 shares during the last quarter. Altium Wealth Management LLC increased its holdings in Phillips 66 by 13.7% in the second quarter. Altium Wealth Management LLC now owns 6,869 shares of the oil and gas company’s stock valued at $643,000 after purchasing an additional 826 shares during the last quarter. Moors & Cabot Inc. increased its holdings in Phillips 66 by 8.0% in the second quarter. Moors & Cabot Inc. now owns 11,205 shares of the oil and gas company’s stock valued at $1,048,000 after purchasing an additional 826 shares during the last quarter. Finally, Hamilton Point Investment Advisors LLC grew its stake in Phillips 66 by 0.7% in the second quarter. Hamilton Point Investment Advisors LLC now owns 40,548 shares of the oil and gas company’s stock valued at $3,793,000 after acquiring an additional 298 shares during the period. Institutional investors own 70.14% of the company’s stock.

In other news, Director John E. Lowe acquired 2,000 shares of Phillips 66 stock in a transaction dated Tuesday, May 28th. The stock was bought at an average cost of $82.91 per share, with a total value of $165,820.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

PSX has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on Pinduoduo in a research note on Monday, April 15th. They issued a “buy” rating and a $30.00 target price for the company. Raymond James reissued an “average” rating and issued a $64.00 target price on shares of Invesco Ultra Short Duration ETF in a research note on Monday. ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Cowen set a $1,500.00 target price on Alphabet and gave the company a “buy” rating in a research note on Friday. Finally, Citigroup boosted their target price on from GBX 1,300 ($16.99) to GBX 1,450 ($18.95) and gave the company a “buy” rating in a research note on Friday, June 21st. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Phillips 66 presently has an average rating of “Buy” and an average target price of $118.17.

Shares of PSX stock traded down $0.23 on Tuesday, hitting $102.58. 548,723 shares of the stock were exchanged, compared to its average volume of 2,476,399. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.84. The stock has a market cap of $46.41 billion, a price-to-earnings ratio of 8.76, a P/E/G ratio of 2.12 and a beta of 1.08. The business has a 50-day moving average of $95.22. Phillips 66 has a fifty-two week low of $78.44 and a fifty-two week high of $123.97.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, July 26th. The oil and gas company reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.32. The company had revenue of $28.52 billion during the quarter, compared to analysts’ expectations of $29.89 billion. Phillips 66 had a return on equity of 19.88% and a net margin of 4.76%. During the same period in the prior year, the firm earned $2.80 earnings per share. As a group, equities research analysts expect that Phillips 66 will post 7.44 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $3.60 annualized dividend and a dividend yield of 3.51%. Phillips 66’s dividend payout ratio is currently 30.74%.

Phillips 66 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; provides terminaling and storage services for crude oil and 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.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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