Disciplined Investors L.L.C. Makes New $284,000 Investment in Phillips 66 (NYSE:PSX)

Disciplined Investors L.L.C. purchased a new position in shares of Phillips 66 (NYSE:PSX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,448 shares of the oil and gas company's stock, valued at approximately $284,000.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in Phillips 66 during the fourth quarter worth $497,648,000. Raymond James Financial Inc. bought a new stake in shares of Phillips 66 during the 4th quarter worth about $168,790,000. Amundi grew its stake in Phillips 66 by 25.7% in the 4th quarter. Amundi now owns 3,682,414 shares of the oil and gas company's stock valued at $428,081,000 after buying an additional 753,653 shares during the last quarter. National Bank of Canada FI grew its stake in Phillips 66 by 166.7% in the 4th quarter. National Bank of Canada FI now owns 1,134,582 shares of the oil and gas company's stock valued at $129,266,000 after buying an additional 709,219 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Phillips 66 by 7.3% during the fourth quarter. Bank of New York Mellon Corp now owns 9,344,342 shares of the oil and gas company's stock worth $1,064,601,000 after acquiring an additional 639,323 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on PSX shares. Mizuho decreased their target price on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Barclays lifted their target price on Phillips 66 from $115.00 to $135.00 and gave the stock an "equal weight" rating in a report on Friday, March 14th. StockNews.com cut shares of Phillips 66 from a "hold" rating to a "sell" rating in a research report on Sunday, March 2nd. Piper Sandler lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Finally, The Goldman Sachs Group downgraded shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price objective for the company. in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $146.43.

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Phillips 66 Price Performance

Shares of Phillips 66 stock traded down $8.53 during trading on Friday, reaching $98.65. 6,420,619 shares of the company's stock were exchanged, compared to its average volume of 2,809,631. The firm's 50-day moving average price is $124.24 and its 200 day moving average price is $125.15. The company has a market cap of $40.22 billion, a P/E ratio of 19.97, a PEG ratio of 4.84 and a beta of 1.17. 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 has a 1-year low of $95.67 and a 1-year high of $171.41.

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 return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the prior year, the firm posted $3.09 earnings per share. As a group, research analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a $1.15 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a yield of 4.66%. Phillips 66's payout ratio is presently 93.12%.

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.