Bank of New Hampshire Has $216,000 Stock Position in Phillips 66 (NYSE:PSX)

Bank of New Hampshire decreased its position in Phillips 66 (NYSE:PSX) by 11.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,752 shares of the oil and gas company’s stock after selling 235 shares during the period. Bank of New Hampshire’s holdings in Phillips 66 were worth $216,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its holdings in Phillips 66 by 10.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company’s stock valued at $5,349,000 after acquiring an additional 4,515 shares in the last quarter. Corps Capital Advisors LLC acquired a new position in shares of Phillips 66 in the 4th quarter valued at $412,000. Cohen & Steers Inc. lifted its stake in shares of Phillips 66 by 40.3% in the 4th quarter. Cohen & Steers Inc. now owns 91,663 shares of the oil and gas company’s stock valued at $10,443,000 after purchasing an additional 26,318 shares during the period. American Assets Investment Management LLC lifted its stake in shares of Phillips 66 by 2.3% in the 4th quarter. American Assets Investment Management LLC now owns 130,800 shares of the oil and gas company’s stock valued at $14,902,000 after purchasing an additional 3,000 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of Phillips 66 by 71.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 21,231 shares of the oil and gas company’s stock valued at $2,419,000 after purchasing an additional 8,838 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Trading Up 2.0%

Shares of PSX stock opened at $114.51 on Monday. The firm has a 50 day moving average price of $108.22 and a two-hundred day moving average price of $117.83. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $46.65 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 4.84 and a beta of 1.02. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $150.12.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.97). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. The company had revenue of $31.92 billion for the quarter, compared to analyst estimates of $31.93 billion. During the same quarter last year, the business earned $1.90 earnings per share. As a group, analysts predict that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.19%. This is an increase from Phillips 66’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, May 19th. Phillips 66’s payout ratio is presently 109.34%.

Insider Activity

In other Phillips 66 news, Director Robert W. Pease purchased 439 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was bought at an average cost of $113.85 per share, for a total transaction of $49,980.15. Following the completion of the transaction, the director now owns 4,091 shares in the company, valued at approximately $465,760.35. This represents a 12.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. The Goldman Sachs Group downgraded Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price objective on the stock. in a research note on Thursday, March 27th. Tudor Pickering cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 22nd. Mizuho raised their price objective on Phillips 66 from $132.00 to $138.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Wells Fargo & Company decreased their price objective on Phillips 66 from $162.00 to $149.00 and set an “overweight” rating for the company in a report on Monday, April 28th. Finally, UBS Group decreased their price objective on Phillips 66 from $144.00 to $140.00 and set a “buy” rating for the company in a report on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.62.

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.