Bryce Point Capital LLC bought a new position in shares of Phillips 66 (NYSE:PSX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,996 shares of the oil and gas company's stock, valued at approximately $569,000.
A number of other large investors have also added to or reduced their stakes in PSX. Bogart Wealth LLC boosted its position in shares of Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 120 shares in the last quarter. J.Safra Asset Management Corp bought a new position in Phillips 66 in the 4th quarter valued at approximately $25,000. Stephens Consulting LLC increased its position in Phillips 66 by 83.5% in the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 111 shares during the period. Graney & King LLC bought a new stake in shares of Phillips 66 in the 4th quarter valued at about $28,000. Finally, Human Investing LLC acquired a new stake in shares of Phillips 66 in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 76.93% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on PSX shares. StockNews.com downgraded shares of Phillips 66 from a "hold" rating to a "sell" rating in a research report on Sunday, March 2nd. Piper Sandler downgraded shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Wolfe Research upgraded Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Wells Fargo & Company upped their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Barclays lifted their price objective on shares of Phillips 66 from $115.00 to $135.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Phillips 66 currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.43.
Get Our Latest Research Report on Phillips 66
Phillips 66 Stock Performance
PSX traded up $1.85 during midday trading on Tuesday, reaching $98.44. The company had a trading volume of 1,165,647 shares, compared to its average volume of 2,816,036. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The stock has a market cap of $40.13 billion, a PE ratio of 19.90, a P/E/G ratio of 4.84 and a beta of 1.17. Phillips 66 has a 12-month low of $93.00 and a 12-month high of $171.41. The business has a 50-day moving average price of $123.71 and a two-hundred day moving average price of $124.84.
Phillips 66 (NYSE:PSX - Get Free Report) last posted its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the previous year, the company posted $3.09 EPS. On average, sell-side analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.
Phillips 66 Dividend Announcement
The business also recently announced 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. The ex-dividend date was Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 4.67%. Phillips 66's payout ratio is presently 93.12%.
Phillips 66 Profile
(
Free Report)
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.
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