ExodusPoint Capital Management LP increased its stake in Phillips 66 (NYSE:PSX - Free Report) by 43.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,037 shares of the oil and gas company's stock after purchasing an additional 64,287 shares during the period. ExodusPoint Capital Management LP owned 0.05% of Phillips 66 worth $24,043,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the company. Arete Wealth Advisors LLC boosted its holdings in Phillips 66 by 11.3% in the fourth quarter. Arete Wealth Advisors LLC now owns 3,051 shares of the oil and gas company's stock valued at $348,000 after acquiring an additional 310 shares during the last quarter. World Investment Advisors grew its position in shares of Phillips 66 by 27.1% during the 4th quarter. World Investment Advisors now owns 7,694 shares of the oil and gas company's stock worth $877,000 after buying an additional 1,640 shares during the period. Nicolet Advisory Services LLC grew its position in shares of Phillips 66 by 3.0% during the 4th quarter. Nicolet Advisory Services LLC now owns 7,507 shares of the oil and gas company's stock worth $855,000 after buying an additional 218 shares during the period. Disciplined Investors L.L.C. bought a new stake in shares of Phillips 66 during the fourth quarter worth approximately $284,000. Finally, SevenBridge Financial Group LLC raised its stake in shares of Phillips 66 by 11.7% during the fourth quarter. SevenBridge Financial Group LLC now owns 27,208 shares of the oil and gas company's stock worth $3,100,000 after buying an additional 2,851 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company's stock.
Analyst Ratings Changes
A number of analysts have commented on PSX shares. Barclays lifted their target price on shares of Phillips 66 from $115.00 to $135.00 and gave the stock an "equal weight" rating in a report on Friday, March 14th. Wolfe Research upgraded 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. Piper Sandler cut Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. The Goldman Sachs Group lowered 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. Finally, Wells Fargo & Company increased their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, Phillips 66 has a consensus rating of "Moderate Buy" and an average target price of $146.43.
View Our Latest Research Report on PSX
Phillips 66 Stock Down 8.0 %
Shares of NYSE:PSX traded down $8.53 during midday trading on Friday, reaching $98.65. 6,420,619 shares of the company were exchanged, compared to its average volume of 2,809,631. The firm has a market cap of $40.22 billion, a PE ratio of 19.97, a P/E/G ratio of 4.84 and a beta of 1.17. 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 fifty-two week low of $95.67 and a fifty-two week high of $171.41. The stock has a fifty day simple moving average of $124.24 and a two-hundred day simple moving average of $125.15.
Phillips 66 (NYSE:PSX - Get Free Report) last issued 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 period in the prior year, the business earned $3.09 earnings per share. As a group, sell-side analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.
Phillips 66 Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $1.15 dividend. The ex-dividend date was Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a yield of 4.66%. Phillips 66's dividend payout ratio is 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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