Guardian Wealth Management Inc. reduced its position in Phillips 66 (NYSE:PSX - Free Report) by 38.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,300 shares of the oil and gas company's stock after selling 3,898 shares during the quarter. Guardian Wealth Management Inc.'s holdings in Phillips 66 were worth $718,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its stake in Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after buying an additional 120 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in Phillips 66 during the fourth quarter valued at $25,000. Stephens Consulting LLC increased its position in shares of Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock valued at $28,000 after buying an additional 111 shares in the last quarter. Graney & King LLC acquired a new stake in shares of Phillips 66 in the fourth quarter valued at about $28,000. Finally, Human Investing LLC purchased a new position in shares of Phillips 66 in the fourth quarter valued at approximately $30,000. 76.93% of the stock is owned by hedge funds and other institutional investors.
Phillips 66 Price Performance
Shares of NYSE PSX traded up $1.83 during trading on Monday, hitting $105.80. The company had a trading volume of 2,295,420 shares, compared to its average volume of 2,898,319. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $152.19. The company has a market cap of $43.11 billion, a P/E ratio of 21.42, a PEG ratio of 4.84 and a beta of 1.17. The business's 50-day moving average is $115.80 and its 200 day moving average is $121.04.
Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.97). The firm had revenue of $31.92 billion for the quarter, compared to analysts' expectations of $31.93 billion. Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the previous year, the firm posted $1.90 earnings per share. Equities research analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.
Phillips 66 Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $1.20 dividend. This is an increase from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.54%. Phillips 66's dividend payout ratio is currently 97.17%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Scotiabank dropped their target price on Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. StockNews.com cut Phillips 66 from a "hold" rating to a "sell" rating in a research report on Sunday, March 2nd. Piper Sandler downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Raymond James reduced their price objective on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group downgraded Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price for the company. in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $136.93.
Get Our Latest Stock Report on PSX
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.
See Also
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.
