Wetzel Investment Advisors Inc. Acquires Shares of 1,318 Phillips 66 (NYSE:PSX)

Wetzel Investment Advisors Inc. acquired a new stake in Phillips 66 (NYSE:PSX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,318 shares of the oil and gas company’s stock, valued at approximately $175,000.

A number of other institutional investors have also recently bought and sold shares of PSX. First Capital Advisors Group LLC. bought a new position in shares of Phillips 66 during the 2nd quarter worth $25,000. Cornerstone Planning Group LLC raised its holdings in shares of Phillips 66 by 134.8% during the 3rd quarter. Cornerstone Planning Group LLC now owns 263 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 151 shares in the last quarter. Worth Asset Management LLC purchased a new position in shares of Phillips 66 during the 1st quarter valued at about $32,000. Bruce G. Allen Investments LLC purchased a new position in shares of Phillips 66 during the 4th quarter valued at about $36,000. Finally, Bell Investment Advisors Inc raised its holdings in shares of Phillips 66 by 82.1% during the 3rd quarter. Bell Investment Advisors Inc now owns 306 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 138 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Insider Activity

In related news, Director Robert W. Pease acquired 682 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was acquired at an average price of $146.58 per share, with a total value of $99,967.56. Following the acquisition, the director now directly owns 1,900 shares in the company, valued at approximately $278,502. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Phillips 66 news, Director Robert W. Pease purchased 682 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was purchased at an average price of $146.58 per share, for a total transaction of $99,967.56. Following the purchase, the director now directly owns 1,900 shares in the company, valued at $278,502. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joseph Scott Pruitt sold 7,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $157.26, for a total value of $1,132,272.00. Following the sale, the vice president now owns 6,583 shares of the company’s stock, valued at $1,035,242.58. The disclosure for this sale can be found here. Insiders sold a total of 35,056 shares of company stock valued at $5,272,681 in the last quarter. 0.22% of the stock is currently owned by company insiders.

Phillips 66 Stock Performance

PSX traded up $1.40 during midday trading on Friday, reaching $154.71. The company had a trading volume of 2,760,769 shares, compared to its average volume of 2,202,261. The business has a 50-day moving average of $154.40 and a two-hundred day moving average of $135.31. Phillips 66 has a 1 year low of $89.74 and a 1 year high of $174.08. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 0.56. The company has a market cap of $66.19 billion, a P/E ratio of 10.00, a P/E/G ratio of 1.90 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Wednesday, January 31st. The oil and gas company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.72. Phillips 66 had a return on equity of 22.10% and a net margin of 4.68%. The company had revenue of $38.74 billion during the quarter, compared to analysts’ expectations of $34.30 billion. As a group, equities research analysts predict that Phillips 66 will post 13.45 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Friday, May 17th. This is a boost from Phillips 66’s previous quarterly dividend of $1.05. Phillips 66’s payout ratio is 27.15%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PSX. Piper Sandler raised their price target on Phillips 66 from $169.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Raymond James raised their price target on Phillips 66 from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Citigroup began coverage on Phillips 66 in a research report on Wednesday, January 24th. They set a “buy” rating on the stock. Scotiabank lifted their price objective on Phillips 66 from $148.00 to $156.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Finally, StockNews.com lowered Phillips 66 from a “buy” rating to a “hold” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.00.

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.