Phillips 66 (NYSE:PSX) Shares Acquired by Bank OZK

Bank OZK increased its holdings in Phillips 66 (NYSE:PSX - Free Report) by 30.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,855 shares of the oil and gas company's stock after buying an additional 2,521 shares during the period. Bank OZK's holdings in Phillips 66 were worth $1,237,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Wealth LLC lifted its stake in Phillips 66 by 0.5% during the fourth quarter. NewEdge Wealth LLC now owns 15,199 shares of the oil and gas company's stock worth $1,732,000 after purchasing an additional 81 shares in the last quarter. JBR Co Financial Management Inc raised its holdings in shares of Phillips 66 by 0.9% in the 4th quarter. JBR Co Financial Management Inc now owns 9,520 shares of the oil and gas company's stock valued at $1,085,000 after buying an additional 85 shares during the period. Nwam LLC lifted its stake in Phillips 66 by 2.2% during the 4th quarter. Nwam LLC now owns 3,876 shares of the oil and gas company's stock worth $442,000 after acquiring an additional 85 shares in the last quarter. Webster Bank N. A. boosted its holdings in 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 valued at $31,000 after acquiring an additional 88 shares during the period. Finally, Cobblestone Capital Advisors LLC NY grew its position in Phillips 66 by 0.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 17,548 shares of the oil and gas company's stock valued at $2,307,000 after acquiring an additional 89 shares in the last quarter. Institutional investors own 76.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on PSX. Wells Fargo & Company boosted their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Piper Sandler downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. UBS Group dropped their target price on Phillips 66 from $150.00 to $138.00 and set a "buy" rating on the stock in a report on Monday, November 4th. Barclays decreased their target price on Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Finally, StockNews.com lowered shares of Phillips 66 from a "hold" rating to a "sell" rating in a research note on Sunday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Phillips 66 has a consensus rating of "Moderate Buy" and a consensus target price of $148.00.

Phillips 66 Stock Performance

NYSE:PSX traded down $2.92 during trading hours on Monday, reaching $126.77. 1,872,568 shares of the company's stock were exchanged, compared to its average volume of 3,606,518. 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 market capitalization of $51.69 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 4.84 and a beta of 1.37. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The company has a 50-day moving average of $120.60 and a 200 day moving average of $126.72.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share 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 quarter last year, the company posted $3.09 EPS. Research analysts anticipate that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Dividend Announcement

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