F M Investments LLC raised its stake in Phillips 66 (NYSE:PSX - Free Report) by 25.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,788 shares of the oil and gas company's stock after buying an additional 3,646 shares during the period. F M Investments LLC's holdings in Phillips 66 were worth $2,027,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Morse Asset Management Inc bought a new position in shares of Phillips 66 during the 3rd quarter valued at $493,000. Sunbelt Securities Inc. grew its holdings in Phillips 66 by 41.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 4,027 shares of the oil and gas company's stock worth $529,000 after acquiring an additional 1,171 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of Phillips 66 in the third quarter worth about $359,000. Invst LLC increased its stake in shares of Phillips 66 by 2.4% during the third quarter. Invst LLC now owns 6,201 shares of the oil and gas company's stock valued at $815,000 after buying an additional 145 shares during the period. Finally, Advisory Resource Group raised its holdings in Phillips 66 by 4.3% in 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. 76.93% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Barclays decreased their target price on shares of Phillips 66 from $135.00 to $106.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. The Goldman Sachs Group downgraded shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price target on the stock. in a report on Thursday, March 27th. Piper Sandler cut Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Wells Fargo & Company increased their price target 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, StockNews.com cut Phillips 66 from a "hold" rating to a "sell" rating in a research report on Sunday, March 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $142.00.
Read Our Latest Research Report on Phillips 66
Phillips 66 Trading Up 2.9 %
NYSE:PSX traded up $2.80 during midday trading on Thursday, hitting $99.37. 690,686 shares of the company traded hands, compared to its average volume of 2,880,547. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm's fifty day moving average is $119.48 and its 200-day moving average is $122.90. The firm has a market capitalization of $40.49 billion, a P/E ratio of 20.10, a P/E/G ratio of 4.84 and a beta of 1.17. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $159.86.
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 the consensus estimate 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 prior year, the company earned $3.09 EPS. On average, sell-side analysts predict that Phillips 66 will post 6.8 EPS for the current year.
Phillips 66 Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 4.63%. The ex-dividend date was 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.
Further Reading
Before you consider Phillips 66, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Phillips 66 wasn't on the list.
While Phillips 66 currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
