Phillips 66 (NYSE:PSX) Shares Bought by Groupama Asset Managment

Groupama Asset Managment grew its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 108.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,800 shares of the oil and gas company's stock after acquiring an additional 11,360 shares during the period. Groupama Asset Managment's holdings in Phillips 66 were worth $2,441,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. NewEdge Wealth LLC lifted its holdings in Phillips 66 by 0.5% in the 4th quarter. NewEdge Wealth LLC now owns 15,199 shares of the oil and gas company's stock worth $1,732,000 after buying an additional 81 shares during the period. JBR Co Financial Management Inc lifted its stake in Phillips 66 by 0.9% in the fourth quarter. JBR Co Financial Management Inc now owns 9,520 shares of the oil and gas company's stock worth $1,085,000 after acquiring an additional 85 shares during the period. Nwam LLC boosted its holdings in Phillips 66 by 2.2% in the fourth quarter. Nwam LLC now owns 3,876 shares of the oil and gas company's stock valued at $442,000 after acquiring an additional 85 shares in the last quarter. Webster Bank N. A. increased its position in Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 88 shares during the period. Finally, PFG Private Wealth Management LLC raised its holdings in Phillips 66 by 7.7% in the 4th quarter. PFG Private Wealth Management LLC now owns 1,233 shares of the oil and gas company's stock worth $140,000 after purchasing an additional 88 shares in the last quarter. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities analysts recently issued reports on PSX shares. The Goldman Sachs Group cut shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price target on the stock. in a research report on Thursday, March 27th. Piper Sandler lowered Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. StockNews.com cut Phillips 66 from a "hold" rating to a "sell" rating in a research note on Sunday, March 2nd. Wells Fargo & Company upped their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Barclays raised their price target on Phillips 66 from $115.00 to $135.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.43.

Phillips 66 Price Performance

PSX stock traded down $16.91 during midday trading on Thursday, hitting $107.15. The company's stock had a trading volume of 6,783,576 shares, compared to its average volume of 2,792,630. 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 12 month low of $106.73 and a 12 month high of $174.08. The company has a 50 day moving average of $124.71 and a two-hundred day moving average of $125.35. The firm has a market capitalization of $43.69 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31.

Phillips 66 (NYSE:PSX - Get Free Report) last announced 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 EPS. On average, analysts expect that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a dividend of $1.15 per share. The ex-dividend date was Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a yield of 4.29%. 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.