Mader & Shannon Wealth Management Inc. Acquires Shares of 30,229 Phillips 66 (NYSE:PSX)

Mader & Shannon Wealth Management Inc. acquired a new position in shares of Phillips 66 (NYSE:PSX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 30,229 shares of the oil and gas company's stock, valued at approximately $3,444,000. Phillips 66 accounts for 2.1% of Mader & Shannon Wealth Management Inc.'s holdings, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSX. nVerses Capital LLC bought a new position in shares of Phillips 66 during the 3rd quarter worth approximately $26,000. Bogart Wealth LLC grew its position in Phillips 66 by 120.0% in the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. Values First Advisors Inc. bought a new position in Phillips 66 in the third quarter valued at $30,000. Stephens Consulting LLC lifted its position in Phillips 66 by 83.5% during the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after buying an additional 111 shares in the last quarter. Finally, Human Investing LLC acquired a new position in shares of Phillips 66 during the 4th quarter worth about $30,000. 76.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Mizuho dropped their target price on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. UBS Group cut their price objective on Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a report on Monday, November 4th. StockNews.com raised shares of Phillips 66 from a "sell" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company upped their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Barclays lowered their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $148.00.

Phillips 66 Price Performance

Shares of NYSE:PSX traded down $0.74 during trading on Monday, hitting $126.89. 1,881,157 shares of the company were exchanged, compared to its average volume of 3,524,319. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The company has a market capitalization of $52.40 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37. The business's 50 day moving average is $119.17 and its 200-day moving average is $127.03.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (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 quarter in the prior year, the business posted $3.09 earnings per share. Equities analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Monday, February 24th. Phillips 66's dividend payout ratio (DPR) is presently 93.12%.

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.