Charles Schwab Investment Management Inc. Purchases 101,108 Shares of Phillips 66 (NYSE:PSX)

Charles Schwab Investment Management Inc. boosted its position in Phillips 66 (NYSE:PSX - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,002,995 shares of the oil and gas company's stock after buying an additional 101,108 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.73% of Phillips 66 worth $342,131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bogart Wealth LLC lifted its holdings 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 valued at $25,000 after buying an additional 120 shares during the period. Stephens Consulting LLC increased its stake in Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 111 shares in the last quarter. Human Investing LLC bought a new stake in Phillips 66 in the fourth quarter valued at $30,000. Webster Bank N. A. increased its stake in Phillips 66 by 48.4% in the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 88 shares in the last quarter. Finally, YANKCOM Partnership bought a new stake in Phillips 66 in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PSX shares. Barclays decreased their price target on shares of 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. StockNews.com downgraded shares of Phillips 66 from a "hold" rating to a "sell" rating in a research report on Sunday, March 2nd. Wolfe Research raised shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 target price for the company in a research report on Friday, January 3rd. Wells Fargo & Company boosted their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Piper Sandler downgraded shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $148.00.

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Phillips 66 Stock Performance

PSX traded up $3.72 during midday trading on Friday, reaching $126.51. The company had a trading volume of 3,463,672 shares, compared to its average volume of 2,635,707. 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 $51.58 billion, a PE ratio of 25.61, a P/E/G ratio of 4.84 and a beta of 1.31. Phillips 66 has a 12-month low of $108.91 and a 12-month high of $174.08. The business has a 50-day moving average price of $121.76 and a two-hundred day moving average price of $126.35.

Phillips 66 (NYSE:PSX - Get Free Report) last announced 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 net margin of 1.46% and a return on equity of 8.58%. During the same quarter in the previous year, the firm earned $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 firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Monday, February 24th. Phillips 66's payout ratio is currently 93.12%.

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.