LVZ Inc. purchased a new stake in shares of Phillips 66 (NYSE:PSX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,643 shares of the oil and gas company's stock, valued at approximately $643,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Oppenheimer & Co. Inc. grew its holdings in Phillips 66 by 10.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company's stock worth $5,349,000 after acquiring an additional 4,515 shares during the last quarter. Van ECK Associates Corp increased its holdings in Phillips 66 by 263.3% during the 3rd quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company's stock valued at $10,753,000 after purchasing an additional 60,355 shares during the period. Flavin Financial Services Inc. purchased a new position in Phillips 66 during the 4th quarter valued at about $1,190,000. Everence Capital Management Inc. bought a new position in Phillips 66 during the 4th quarter valued at approximately $3,033,000. Finally, Donoghue Forlines LLC purchased a new stake in Phillips 66 in the 4th quarter worth approximately $1,438,000. 76.93% of the stock is owned by institutional investors.
Phillips 66 Stock Performance
NYSE:PSX traded down $2.41 during mid-day trading on Wednesday, reaching $119.88. The company's stock had a trading volume of 4,202,728 shares, compared to its average volume of 2,635,912. The firm's fifty day moving average price is $121.27 and its two-hundred day moving average price is $126.47. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The stock has a market cap of $48.88 billion, a P/E ratio of 24.27, a PEG ratio of 4.84 and a beta of 1.37. Phillips 66 has a 12-month low of $108.91 and a 12-month high of $174.08.
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 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 company posted $3.09 EPS. On average, equities analysts forecast 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 will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.84%. Phillips 66's dividend payout ratio is currently 93.12%.
Analyst Ratings Changes
PSX has been the subject of a number of research analyst reports. StockNews.com lowered Phillips 66 from a "hold" rating to a "sell" rating in a research note on Sunday. Wells Fargo & Company raised 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. Wolfe Research upgraded Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Piper Sandler cut shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Finally, Mizuho cut their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $148.00.
Check Out Our Latest Stock Analysis on Phillips 66
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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