GSA Capital Partners LLP Purchases Shares of 6,213 Phillips 66 (NYSE:PSX)

GSA Capital Partners LLP purchased a new position in shares of Phillips 66 (NYSE:PSX - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,213 shares of the oil and gas company's stock, valued at approximately $817,000.

A number of other institutional investors also recently made changes to their positions in PSX. Mitchell & Pahl Private Wealth LLC raised its position in Phillips 66 by 0.4% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 17,847 shares of the oil and gas company's stock worth $2,519,000 after acquiring an additional 74 shares in the last quarter. Catalyst Financial Partners LLC raised its holdings in shares of Phillips 66 by 5.1% in the 2nd quarter. Catalyst Financial Partners LLC now owns 1,514 shares of the oil and gas company's stock worth $214,000 after purchasing an additional 74 shares in the last quarter. Advisory Alpha LLC lifted its stake in Phillips 66 by 4.8% during the second quarter. Advisory Alpha LLC now owns 1,648 shares of the oil and gas company's stock valued at $233,000 after purchasing an additional 76 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Phillips 66 by 1.8% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,363 shares of the oil and gas company's stock worth $616,000 after buying an additional 77 shares in the last quarter. Finally, Krane Funds Advisors LLC grew its position in Phillips 66 by 3.6% in the third quarter. Krane Funds Advisors LLC now owns 2,350 shares of the oil and gas company's stock worth $309,000 after buying an additional 82 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Stock Up 0.9 %

Shares of NYSE PSX traded up $1.15 during mid-day trading on Friday, reaching $130.91. The company had a trading volume of 2,275,131 shares, compared to its average volume of 2,386,360. The stock has a market capitalization of $54.06 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 4.29 and a beta of 1.33. Phillips 66 has a twelve month low of $111.90 and a twelve month high of $174.08. 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 stock's 50 day moving average is $129.75 and its 200-day moving average is $135.73.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.41. The company had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The business's quarterly revenue was down 10.3% on a year-over-year basis. During the same period last year, the business earned $4.63 EPS. As a group, equities analysts anticipate that Phillips 66 will post 7.63 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.51%. The ex-dividend date is Monday, November 18th. Phillips 66's dividend payout ratio is 59.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PSX shares. Scotiabank cut their price objective on Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. Barclays decreased their price target on Phillips 66 from $133.00 to $124.00 and set an "equal weight" rating for the company in a research report on Monday, November 11th. JPMorgan Chase & Co. cut their price objective on Phillips 66 from $160.00 to $141.00 and set an "overweight" rating on the stock in a report on Wednesday, October 2nd. Morgan Stanley decreased their target price on shares of Phillips 66 from $150.00 to $144.00 and set an "equal weight" rating for the company in a report on Monday, September 16th. Finally, Mizuho cut their price target on shares of Phillips 66 from $154.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $149.69.

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.