Jump Financial LLC Acquires Shares of 2,770 Phillips 66 (NYSE:PSX)

Jump Financial LLC bought a new position in shares of Phillips 66 (NYSE:PSX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,770 shares of the oil and gas company's stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bogart Wealth LLC boosted its holdings in shares of Phillips 66 by 120.0% during the fourth 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 during the period. J.Safra Asset Management Corp acquired a new stake in Phillips 66 during the 4th quarter worth approximately $25,000. Stephens Consulting LLC boosted its stake in Phillips 66 by 83.5% in the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 111 shares during the period. Graney & King LLC acquired a new position in Phillips 66 in the 4th quarter valued at $28,000. Finally, Human Investing LLC bought a new position in Phillips 66 during the 4th quarter worth $30,000. Institutional investors own 76.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PSX. Morgan Stanley reduced their target price on shares of Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating for the company in a research report on Thursday. Raymond James cut their price objective on shares of Phillips 66 from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Scotiabank lowered their target price on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Mizuho cut their price target on Phillips 66 from $140.00 to $132.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group lowered Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price objective on the stock. in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $140.43.

Phillips 66 Price Performance

Shares of PSX stock opened at $103.98 on Friday. The business has a fifty day simple moving average of $115.80 and a 200 day simple moving average of $121.15. The company has a market cap of $42.37 billion, a P/E ratio of 21.05, a P/E/G ratio of 4.84 and a beta of 1.17. 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 twelve month low of $91.01 and a twelve month high of $152.19.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.97). The company had revenue of $31.92 billion during the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period in the previous year, the company earned $1.90 EPS. On average, sell-side analysts forecast that Phillips 66 will post 6.8 EPS for the current fiscal 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 issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Monday, May 19th. This is a boost from Phillips 66's previous quarterly dividend of $1.15. Phillips 66's dividend payout ratio is presently 97.17%.

Phillips 66 Company 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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