Phillips 66 (NYSE:PSX) Shares Bought by Demars Financial Group LLC

Demars Financial Group LLC boosted its holdings in shares of Phillips 66 (NYSE:PSX - Free Report) by 10,390.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 446,036 shares of the oil and gas company's stock after acquiring an additional 441,784 shares during the period. Demars Financial Group LLC owned 0.11% of Phillips 66 worth $50,817,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in PSX. Morse Asset Management Inc acquired a new position in shares of Phillips 66 during the 3rd quarter worth about $493,000. Invst LLC boosted its holdings in Phillips 66 by 2.4% in the 3rd quarter. Invst LLC now owns 6,201 shares of the oil and gas company's stock valued at $815,000 after purchasing an additional 145 shares during the period. Advisory Resource Group grew its holdings in shares of Phillips 66 by 4.3% during the 3rd quarter. Advisory Resource Group now owns 241,527 shares of the oil and gas company's stock worth $31,749,000 after purchasing an additional 9,930 shares in the last quarter. World Investment Advisors LLC bought a new position in Phillips 66 in the third quarter valued at approximately $796,000. Finally, Arvest Bank Trust Division acquired a new stake in shares of Phillips 66 in the 3rd quarter valued at approximately $1,008,000. 76.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on PSX. Scotiabank reduced their target price on Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group downgraded shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price for the company. in a research report on Thursday, March 27th. Raymond James cut their price target on shares of Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. StockNews.com cut Phillips 66 from a "hold" rating to a "sell" rating in a research report on Sunday, March 2nd. Finally, Wolfe Research raised shares of 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. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $142.00.

Phillips 66 Price Performance

Shares of NYSE:PSX traded up $3.73 on Tuesday, reaching $100.74. The company's stock had a trading volume of 491,630 shares, compared to its average volume of 2,882,253. The company has a market cap of $41.05 billion, a P/E ratio of 20.35, a PEG ratio of 4.84 and a beta of 1.17. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $159.25. 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 company has a 50-day simple moving average of $117.81 and a 200 day simple moving average of $121.95.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its 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 company posted $3.09 EPS. As a group, equities research analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a dividend of $1.20 per share. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.76%. Phillips 66's payout ratio is 93.12%.

Phillips 66 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.