Impact Capital Partners LLC Makes New $744,000 Investment in Phillips 66 (NYSE:PSX)

Impact Capital Partners LLC purchased a new position in shares of Phillips 66 (NYSE:PSX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,531 shares of the oil and gas company's stock, valued at approximately $744,000.

A number of other institutional investors also recently bought and sold shares of PSX. Bogart Wealth LLC increased its holdings in Phillips 66 by 120.0% in the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 120 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Phillips 66 during the fourth quarter worth approximately $25,000. Stephens Consulting LLC increased its stake in shares of Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after buying an additional 111 shares during the period. Human Investing LLC acquired a new position in Phillips 66 in the fourth quarter valued at approximately $30,000. Finally, Webster Bank N. A. boosted its holdings in shares of Phillips 66 by 48.4% in the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company's stock valued at $31,000 after acquiring an additional 88 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Price Performance

Shares of NYSE:PSX opened at $124.07 on Thursday. The business has a 50 day moving average price of $122.45 and a 200 day moving average price of $126.11. Phillips 66 has a twelve month low of $108.91 and a twelve month high of $174.08. The company has a market cap of $50.58 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 4.84 and a beta of 1.31. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

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Phillips 66 (NYSE:PSX - Get Free Report) last announced its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share 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 period in the prior year, the company posted $3.09 EPS. Research analysts predict that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $1.15 per share. The ex-dividend date was Monday, February 24th. This represents a $4.60 annualized dividend and a dividend yield of 3.71%. Phillips 66's dividend payout ratio (DPR) is presently 93.12%.

Analysts Set New Price Targets

Several brokerages recently weighed in on PSX. Piper Sandler downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Wells Fargo & Company lifted their price objective on Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Mizuho decreased their price target on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. StockNews.com lowered Phillips 66 from a "hold" rating to a "sell" rating in a research note on Sunday, March 2nd. Finally, Wolfe Research raised Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $148.00.

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.

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