Aware Super Pty Ltd as trustee of Aware Super Makes New Investment in Phillips 66 (NYSE:PSX)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in Phillips 66 (NYSE:PSX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,158 shares of the oil and gas company's stock, valued at approximately $1,613,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Morse Asset Management Inc purchased a new position in shares of Phillips 66 during the third quarter worth approximately $493,000. Invst LLC lifted its holdings in shares of Phillips 66 by 2.4% in the 3rd quarter. Invst LLC now owns 6,201 shares of the oil and gas company's stock worth $815,000 after buying an additional 145 shares during the period. Advisory Resource Group grew its position in shares of Phillips 66 by 4.3% during the 3rd quarter. Advisory Resource Group now owns 241,527 shares of the oil and gas company's stock worth $31,749,000 after buying an additional 9,930 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Phillips 66 during the third quarter valued at $796,000. Finally, Arvest Bank Trust Division purchased a new stake in Phillips 66 in the third quarter worth about $1,008,000. 76.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PSX. Wolfe Research upgraded shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 target price for the company in a report on Friday, January 3rd. Scotiabank decreased their target price on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group lowered shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price target on the stock. in a report on Thursday, March 27th. Wells Fargo & Company increased their price objective on Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Piper Sandler downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $142.00.

Phillips 66 Stock Performance

Phillips 66 stock traded down $2.68 during midday trading on Monday, hitting $96.42. 257,681 shares of the company were exchanged, compared to its average volume of 2,883,406. The firm has a market capitalization of $39.29 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 4.84 and a beta of 1.17. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $159.25. The business has a fifty day simple moving average of $118.36 and a two-hundred day simple moving average of $122.24. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period last year, the firm earned $3.09 EPS. On average, sell-side analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66's payout ratio is currently 93.12%.

Phillips 66 Company 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.