K.J. Harrison & Partners Inc purchased a new stake in Phillips 66 (NYSE:PSX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,000 shares of the oil and gas company's stock, valued at approximately $229,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pallas Capital Advisors LLC lifted its position in shares of Phillips 66 by 14.5% during the third quarter. Pallas Capital Advisors LLC now owns 2,284 shares of the oil and gas company's stock worth $294,000 after purchasing an additional 289 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in Phillips 66 by 35.2% during the 3rd quarter. Diversify Advisory Services LLC now owns 2,878 shares of the oil and gas company's stock worth $378,000 after buying an additional 750 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in Phillips 66 by 2.5% during the 3rd quarter. Valmark Advisers Inc. now owns 6,621 shares of the oil and gas company's stock worth $870,000 after buying an additional 159 shares in the last quarter. Mutual Advisors LLC boosted its position in Phillips 66 by 63.7% in the 3rd quarter. Mutual Advisors LLC now owns 14,551 shares of the oil and gas company's stock valued at $1,870,000 after buying an additional 5,663 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its stake in shares of Phillips 66 by 0.9% in the 3rd quarter. Pinnacle Associates Ltd. now owns 34,961 shares of the oil and gas company's stock valued at $4,655,000 after buying an additional 306 shares during the period. Institutional investors and hedge funds own 76.93% of the company's stock.
Phillips 66 Stock Down 3.6 %
PSX traded down $4.66 during trading on Monday, reaching $125.03. The company had a trading volume of 5,995,920 shares, compared to its average volume of 3,712,697. The company has a market cap of $50.97 billion, a P/E ratio of 25.31, a PEG ratio of 4.84 and a beta of 1.37. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The business's fifty day moving average price is $120.60 and its 200 day moving average price is $126.72.
Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) EPS 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 quarter in the prior year, the firm earned $3.09 earnings per share. Equities analysts anticipate that Phillips 66 will post 6.8 EPS for the current year.
Phillips 66 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.68%. Phillips 66's dividend payout ratio is 93.12%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on PSX. UBS Group cut their price target on Phillips 66 from $150.00 to $138.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Mizuho reduced their target price on shares of 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 cut shares of Phillips 66 from a "hold" rating to a "sell" rating in a research report on Sunday. Piper Sandler lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Finally, Wolfe Research raised shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 target price for the company in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $148.00.
Get Our Latest Stock Report on Phillips 66
Phillips 66 Profile
(
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.
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