UMB Bank N A MO Sells 3,584 Shares of Phillips 66 (NYSE:PSX)

UMB Bank N A MO lessened its stake in shares of Phillips 66 (NYSE:PSX) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 146,381 shares of the oil and gas company’s stock after selling 3,584 shares during the quarter. UMB Bank N A MO’s holdings in Phillips 66 were worth $13,693,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Phillips 66 by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 5,386,724 shares of the oil and gas company’s stock valued at $463,230,000 after acquiring an additional 396,796 shares during the period. Legacy Advisors LLC acquired a new stake in shares of Phillips 66 during the first quarter worth $219,000. Moody National Bank Trust Division lifted its holdings in shares of Phillips 66 by 70.2% during the first quarter. Moody National Bank Trust Division now owns 599 shares of the oil and gas company’s stock worth $57,000 after purchasing an additional 247 shares during the period. NuWave Investment Management LLC lifted its holdings in shares of Phillips 66 by 1,255.7% during the first quarter. NuWave Investment Management LLC now owns 2,359 shares of the oil and gas company’s stock worth $225,000 after purchasing an additional 2,185 shares during the period. Finally, Calamos Advisors LLC lifted its holdings in shares of Phillips 66 by 2.2% during the first quarter. Calamos Advisors LLC now owns 69,266 shares of the oil and gas company’s stock worth $6,592,000 after purchasing an additional 1,509 shares during the period. Hedge funds and other institutional investors own 70.83% of the company’s stock.

Several equities research analysts recently weighed in on the company. Morgan Stanley decreased their price target on Phillips 66 from $115.00 to $105.00 and set an “equal weight” rating for the company in a report on Friday, May 17th. ValuEngine downgraded Phillips 66 from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Jefferies Financial Group downgraded Phillips 66 from a “buy” rating to a “hold” rating and increased their price target for the stock from $105.00 to $107.00 in a report on Monday, April 15th. Cowen increased their price target on Phillips 66 from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Raymond James increased their price target on Phillips 66 from $110.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $117.64.

In related news, Director John E. Lowe acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average price of $82.91 per share, for a total transaction of $165,820.00. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.13% of the company’s stock.

NYSE:PSX traded down $0.27 during trading hours on Friday, hitting $100.44. The company’s stock had a trading volume of 1,630,724 shares, compared to its average volume of 2,459,094. The company has a 50-day moving average price of $98.19. The firm has a market capitalization of $45.17 billion, a P/E ratio of 8.58, a PEG ratio of 1.99 and a beta of 1.10. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.28 and a quick ratio of 0.82. Phillips 66 has a 52-week low of $78.44 and a 52-week high of $123.45.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, July 26th. The oil and gas company reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.32. Phillips 66 had a return on equity of 19.75% and a net margin of 4.76%. The business had revenue of $28.52 billion during the quarter, compared to analysts’ expectations of $29.89 billion. During the same quarter last year, the business posted $2.80 earnings per share. On average, research analysts anticipate that Phillips 66 will post 7.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Monday, August 19th. Phillips 66’s dividend payout ratio is presently 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.

See Also: Accumulation/Distribution

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

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