J. Safra Sarasin Holding AG Buys New Stake in Phillips 66 (NYSE:PSX)

J. Safra Sarasin Holding AG bought a new stake in Phillips 66 (NYSE:PSX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,279 shares of the oil and gas company's stock, valued at approximately $2,424,000.

Several other large investors have also recently bought and sold shares of PSX. TD Waterhouse Canada Inc. lifted its stake in Phillips 66 by 0.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 33,022 shares of the oil and gas company's stock valued at $3,761,000 after buying an additional 275 shares during the period. Tower Research Capital LLC TRC grew its stake in Phillips 66 by 145.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 20,018 shares of the oil and gas company's stock valued at $2,281,000 after purchasing an additional 11,855 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of Phillips 66 in the fourth quarter valued at approximately $63,000. Trajan Wealth LLC lifted its position in shares of Phillips 66 by 11.1% in the fourth quarter. Trajan Wealth LLC now owns 39,120 shares of the oil and gas company's stock valued at $4,457,000 after buying an additional 3,903 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Phillips 66 by 28.6% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,007 shares of the oil and gas company's stock valued at $115,000 after buying an additional 224 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PSX shares. Wolfe Research upgraded shares of 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. Morgan Stanley reduced their price target on shares of Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating on the stock in a research note on Thursday. Mizuho reduced their price target on shares of Phillips 66 from $140.00 to $132.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company boosted their target price 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 reduced their target price on shares of Phillips 66 from $135.00 to $106.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $140.43.

Phillips 66 Stock Down 0.7 %

Shares of PSX traded down $0.71 on Friday, reaching $103.98. The stock had a trading volume of 3,056,399 shares, compared to its average volume of 2,900,740. The firm has a market capitalization of $42.37 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 4.84 and a beta of 1.17. 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 company has a 50-day simple moving average of $115.80 and a 200-day simple moving average of $121.04. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $152.19.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). The company had revenue of $31.92 billion for the quarter, compared to analysts' expectations of $31.93 billion. Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same quarter in the previous year, the firm posted $1.90 EPS. Sell-side analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $1.20 per share. This is a boost 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 yield of 4.62%. Phillips 66's dividend payout ratio (DPR) is presently 97.17%.

About Phillips 66

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.