Generali Investments CEE investicni spolecnost a.s. Buys Shares of 17,120 Phillips 66 (NYSE:PSX)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Phillips 66 (NYSE:PSX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,120 shares of the oil and gas company's stock, valued at approximately $1,950,000.

Several other hedge funds also recently made changes to their positions in PSX. Mizuho Securities USA LLC grew its stake in shares of Phillips 66 by 7,549.0% in the third quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company's stock valued at $328,625,000 after buying an additional 2,467,316 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Phillips 66 in the fourth quarter valued at $168,790,000. ING Groep NV grew its stake in shares of Phillips 66 by 123.2% in the third quarter. ING Groep NV now owns 1,182,980 shares of the oil and gas company's stock valued at $155,503,000 after buying an additional 653,032 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Phillips 66 by 7.3% in the fourth quarter. Bank of New York Mellon Corp now owns 9,344,342 shares of the oil and gas company's stock valued at $1,064,601,000 after buying an additional 639,323 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Phillips 66 by 63.4% in the third quarter. Bank of Montreal Can now owns 1,633,876 shares of the oil and gas company's stock valued at $214,120,000 after buying an additional 633,970 shares in the last quarter. 76.93% of the stock is owned by institutional investors.

Phillips 66 Stock Performance

Shares of PSX traded down $2.47 during midday trading on Tuesday, reaching $123.66. 4,125,161 shares of the stock were exchanged, compared to its average volume of 2,642,182. Phillips 66 has a twelve month low of $108.91 and a twelve month high of $174.08. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company has a market cap of $50.42 billion, a P/E ratio of 25.03, a PEG ratio of 4.84 and a beta of 1.31. The stock's 50 day simple moving average is $122.25 and its 200 day simple moving average is $126.12.

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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 return on equity of 8.58% and a net margin of 1.46%. During the same period in the prior year, the firm posted $3.09 earnings per share. On average, sell-side analysts expect 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. Investors of record on Monday, February 24th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Monday, February 24th. Phillips 66's payout ratio is currently 93.12%.

Analyst Ratings Changes

Several research firms recently weighed in on PSX. Barclays decreased their target price 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. Wells Fargo & Company raised their price target on Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Mizuho cut their price target on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Piper Sandler downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Finally, StockNews.com downgraded Phillips 66 from a "hold" rating to a "sell" rating in a report on Sunday, March 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Phillips 66 presently has a consensus rating of "Moderate Buy" and an average target price of $148.00.

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.