Banco Santander S.A. Buys New Stake in Phillips 66 (NYSE:PSX)

Banco Santander S.A. bought a new position in Phillips 66 (NYSE:PSX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,707 shares of the oil and gas company's stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bogart Wealth LLC boosted 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 worth $25,000 after purchasing an additional 120 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in shares of Phillips 66 in the fourth quarter worth approximately $25,000. Stephens Consulting LLC grew its position in Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock valued at $28,000 after buying an additional 111 shares during the period. Human Investing LLC bought a new position in Phillips 66 in the fourth quarter worth approximately $30,000. Finally, Webster Bank N. A. boosted its stake in shares of Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company's stock worth $31,000 after acquiring an additional 88 shares during the last quarter. Institutional investors own 76.93% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Mizuho decreased 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. Barclays decreased their price objective on 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. Wolfe Research upgraded shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 target price on the stock in a research note on Friday, January 3rd. Wells Fargo & Company lifted their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, StockNews.com cut shares of Phillips 66 from a "hold" rating to a "sell" rating in a research note on Sunday, March 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $148.00.

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Phillips 66 Trading Up 0.8 %

PSX traded up $1.01 during trading hours on Wednesday, reaching $124.56. 1,328,945 shares of the company's stock traded hands, compared to its average volume of 2,636,640. 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 firm has a 50-day moving average price of $122.25 and a 200 day moving average price of $126.12. Phillips 66 has a 52-week low of $108.91 and a 52-week high of $174.08. The firm has a market capitalization of $50.78 billion, a PE ratio of 25.23, a PEG ratio of 4.84 and a beta of 1.31.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly 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 earned $3.09 earnings per share. As a group, sell-side analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently declared 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 dividend yield of 3.69%. The ex-dividend date was Monday, February 24th. Phillips 66's payout ratio is 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.