Level Four Advisory Services LLC Has $5.68 Million Stock Holdings in Phillips 66 $PSX

by · The Cerbat Gem

Level Four Advisory Services LLC raised its holdings in shares of Phillips 66 (NYSE:PSX – Free Report) by 9.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 47,588 shares of the oil and gas company’s stock after acquiring an additional 4,281 shares during the period. Level Four Advisory Services LLC’s holdings in Phillips 66 were worth $5,677,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Patrick M Sweeney & Associates Inc. boosted its position in shares of Phillips 66 by 20.2% in the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 2,361 shares of the oil and gas company’s stock worth $301,000 after purchasing an additional 397 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Phillips 66 by 1.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 36,003 shares of the oil and gas company’s stock valued at $4,295,000 after buying an additional 536 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in Phillips 66 by 1.1% during the second quarter. State Board of Administration of Florida Retirement System now owns 390,982 shares of the oil and gas company’s stock worth $46,644,000 after buying an additional 4,380 shares during the last quarter. Korea Investment CORP boosted its holdings in Phillips 66 by 14.1% during the second quarter. Korea Investment CORP now owns 274,339 shares of the oil and gas company’s stock worth $32,729,000 after buying an additional 34,005 shares during the last quarter. Finally, Harfst & Associates Inc. grew its position in shares of Phillips 66 by 77.5% during the 2nd quarter. Harfst & Associates Inc. now owns 9,670 shares of the oil and gas company’s stock worth $1,154,000 after buying an additional 4,221 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Transactions at Phillips 66

In related news, EVP Brian Mandell sold 26,200 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $137.68, for a total transaction of $3,607,216.00. Following the completion of the transaction, the executive vice president directly owned 56,838 shares in the company, valued at approximately $7,825,455.84. This trade represents a 31.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vanessa Allen Sutherland sold 4,393 shares of the business’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $140.00, for a total value of $615,020.00. Following the completion of the sale, the executive vice president owned 34,587 shares in the company, valued at $4,842,180. The trade was a 11.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 64,986 shares of company stock valued at $8,955,291 over the last three months. Company insiders own 0.22% of the company’s stock.

Phillips 66 Stock Up 1.6%

Phillips 66 stock opened at $137.15 on Friday. The company has a 50 day moving average of $134.67 and a 200-day moving average of $127.79. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.60. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $143.25. The stock has a market capitalization of $55.26 billion, a PE ratio of 37.47, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08.

Phillips 66 (NYSE:PSX – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The oil and gas company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.38. The business had revenue of $33.69 billion for the quarter, compared to analyst estimates of $32.29 billion. Phillips 66 had a net margin of 1.12% and a return on equity of 5.51%. During the same period last year, the business posted $2.04 earnings per share. On average, equities research analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 17th. Phillips 66’s dividend payout ratio is currently 131.15%.

Analyst Ratings Changes

A number of brokerages recently weighed in on PSX. Evercore ISI increased their price target on shares of Phillips 66 from $130.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Wall Street Zen raised shares of Phillips 66 from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. TD Cowen lifted their price target on shares of Phillips 66 from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. UBS Group reissued a “buy” rating and issued a $160.00 price target on shares of Phillips 66 in a report on Monday, November 10th. Finally, Jefferies Financial Group upped their price objective on shares of Phillips 66 from $133.00 to $137.00 and gave the company a “hold” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, Phillips 66 has an average rating of “Hold” and a consensus target price of $145.71.

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About Phillips 66

(Free Report)

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.

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