Columbia Trust Co 01012016 Raises Stock Holdings in Phillips 66 (NYSE:PSX)

Columbia Trust Co 01012016 grew its stake in Phillips 66 (NYSE:PSX) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,354 shares of the oil and gas company’s stock after acquiring an additional 599 shares during the quarter. Columbia Trust Co 01012016’s holdings in Phillips 66 were worth $1,245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Capital Advisors Group LLC. purchased a new stake in shares of Phillips 66 in the second quarter valued at $25,000. Cornerstone Planning Group LLC lifted its position in Phillips 66 by 134.8% during the third quarter. Cornerstone Planning Group LLC now owns 263 shares of the oil and gas company’s stock worth $32,000 after buying an additional 151 shares during the period. Worth Asset Management LLC purchased a new position in Phillips 66 during the first quarter worth about $32,000. Bruce G. Allen Investments LLC purchased a new position in Phillips 66 during the fourth quarter worth about $36,000. Finally, Bell Investment Advisors Inc lifted its position in Phillips 66 by 82.1% during the third quarter. Bell Investment Advisors Inc now owns 306 shares of the oil and gas company’s stock worth $37,000 after buying an additional 138 shares during the period. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Phillips 66 Stock Up 0.1 %

Shares of PSX stock traded up $0.17 during trading hours on Tuesday, reaching $156.63. The company had a trading volume of 2,351,216 shares, compared to its average volume of 3,200,765. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.02 and a current ratio of 1.26. Phillips 66 has a twelve month low of $89.74 and a twelve month high of $161.42. The company has a market capitalization of $67.01 billion, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 2.12 and a beta of 1.36. The stock’s fifty day simple moving average is $145.11 and its 200 day simple moving average is $129.89.

Phillips 66 (NYSE:PSX) last posted its earnings results on Wednesday, January 31st. The oil and gas company reported $3.09 earnings per share (EPS) for the quarter, beating 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 business had revenue of $38.74 billion during the quarter, compared to analyst estimates of $34.30 billion. As a group, sell-side analysts expect that Phillips 66 will post 12.55 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were paid a dividend of $1.05 per share. The ex-dividend date was Friday, February 16th. This represents a $4.20 dividend on an annualized basis and a yield of 2.68%. Phillips 66’s dividend payout ratio (DPR) is presently 27.15%.

Insider Buying and Selling at Phillips 66

In other Phillips 66 news, Director Robert W. Pease acquired 682 shares of the stock in a transaction 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In other Phillips 66 news, VP Joseph Scott Pruitt sold 7,200 shares of the firm’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 transaction of $1,132,272.00. Following the completion of the sale, the vice president now owns 6,583 shares in the company, valued at approximately $1,035,242.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert W. Pease bought 682 shares of Phillips 66 stock in a transaction on Thursday, February 15th. The shares were purchased at an average cost of $146.58 per share, for a total transaction of $99,967.56. Following the acquisition, the director now owns 1,900 shares in the company, valued at $278,502. The disclosure for this purchase can be found here. Insiders sold a total of 44,009 shares of company stock worth $6,474,602 in the last 90 days. 4.57% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PSX shares. Citigroup started coverage on Phillips 66 in a research report on Wednesday, January 24th. They set a “buy” rating on the stock. StockNews.com upgraded Phillips 66 from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. Barclays increased their target price on Phillips 66 from $132.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Monday, February 5th. Mizuho raised their price objective on Phillips 66 from $135.00 to $167.00 and gave the stock a “neutral” rating in a report on Friday. Finally, The Goldman Sachs Group raised their price objective on Phillips 66 from $152.00 to $174.00 and gave the stock a “buy” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.69.

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.