Nwam LLC Takes Position in Phillips 66 (NYSE:PSX)

Nwam LLC acquired a new stake in Phillips 66 (NYSE:PSX - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,791 shares of the oil and gas company's stock, valued at approximately $498,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its position in shares of Phillips 66 by 12.7% in the first quarter. Lazard Asset Management LLC now owns 3,998 shares of the oil and gas company's stock worth $652,000 after acquiring an additional 451 shares during the last quarter. Caxton Associates LP increased its stake in Phillips 66 by 22.2% during the first quarter. Caxton Associates LP now owns 5,630 shares of the oil and gas company's stock worth $920,000 after acquiring an additional 1,024 shares during the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of Phillips 66 by 1.6% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 20,955 shares of the oil and gas company's stock worth $3,423,000 after purchasing an additional 325 shares during the period. Icon Wealth Advisors LLC lifted its stake in shares of Phillips 66 by 3.9% in the 1st quarter. Icon Wealth Advisors LLC now owns 18,391 shares of the oil and gas company's stock valued at $3,004,000 after purchasing an additional 684 shares in the last quarter. Finally, Dynasty Wealth Management LLC purchased a new stake in shares of Phillips 66 during the 1st quarter worth about $1,259,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Price Performance

Phillips 66 stock traded up $0.06 during midday trading on Monday, hitting $133.33. The company's stock had a trading volume of 4,455,810 shares, compared to its average volume of 2,664,762. Phillips 66 has a 12 month low of $117.32 and a 12 month high of $174.08. 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 stock's 50-day moving average price is $130.28 and its 200-day moving average price is $135.27. The company has a market capitalization of $55.06 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 4.40 and a beta of 1.33.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The company had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. During the same quarter in the prior year, the firm earned $4.63 EPS. The company's quarterly revenue was down 10.3% compared to the same quarter last year. Analysts anticipate that Phillips 66 will post 7.57 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Monday, November 18th. Phillips 66's dividend payout ratio (DPR) is currently 59.05%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PSX shares. Scotiabank reduced their price objective on Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. cut their target price on shares of Phillips 66 from $160.00 to $141.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 2nd. Mizuho cut their price objective on Phillips 66 from $154.00 to $150.00 and set a "neutral" rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company lowered their target price on shares of Phillips 66 from $182.00 to $167.00 and set an "overweight" rating for the company in a research note on Wednesday, October 9th. Finally, Raymond James raised their target price on shares of Phillips 66 from $150.00 to $155.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $149.69.

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.