Corps Capital Advisors LLC bought a new position in Phillips 66 (NYSE:PSX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,612 shares of the oil and gas company's stock, valued at approximately $412,000.
Other institutional investors have also recently made changes to their positions in the company. Bogart Wealth LLC lifted its holdings in shares of Phillips 66 by 120.0% in 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 during the last quarter. nVerses Capital LLC bought a new stake in shares of Phillips 66 in the 3rd quarter worth about $26,000. Stephens Consulting LLC lifted its holdings in shares of Phillips 66 by 83.5% in the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 111 shares during the last quarter. Values First Advisors Inc. bought a new stake in shares of Phillips 66 in the 3rd quarter worth about $30,000. Finally, Human Investing LLC bought a new stake in shares of Phillips 66 in the 4th quarter worth about $30,000. Institutional investors own 76.93% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on PSX. Barclays decreased their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. UBS Group decreased their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a report on Monday, November 4th. Wolfe Research upgraded shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. StockNews.com upgraded shares of Phillips 66 from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Piper Sandler lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Phillips 66 currently has an average rating of "Moderate Buy" and a consensus target price of $148.00.
Get Our Latest Report on PSX
Phillips 66 Stock Down 2.1 %
Shares of Phillips 66 stock traded down $2.77 on Friday, reaching $128.78. The stock had a trading volume of 12,517,207 shares, compared to its average volume of 3,464,704. The company has a 50 day moving average price of $119.17 and a 200 day moving average price of $127.07. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. The stock has a market capitalization of $53.18 billion, a P/E ratio of 26.07, a P/E/G ratio of 4.84 and a beta of 1.37.
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 (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 previous year, the company posted $3.09 earnings per share. As a group, equities research analysts forecast that Phillips 66 will post 6.8 EPS for the current year.
Phillips 66 Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Monday, February 24th. Phillips 66's dividend payout ratio (DPR) is presently 93.12%.
About Phillips 66
(
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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