Mattern Capital Management LLC boosted its stake in shares of Phillips 66 (NYSE:PSX - Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,376 shares of the oil and gas company's stock after acquiring an additional 5,510 shares during the quarter. Phillips 66 comprises 1.4% of Mattern Capital Management LLC's investment portfolio, making the stock its 12th biggest holding. Mattern Capital Management LLC's holdings in Phillips 66 were worth $10,752,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of PSX. Van ECK Associates Corp lifted its position in Phillips 66 by 263.3% in the third quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company's stock valued at $10,753,000 after purchasing an additional 60,355 shares during the period. Flavin Financial Services Inc. purchased a new stake in shares of Phillips 66 in the fourth quarter valued at approximately $1,190,000. Everence Capital Management Inc. acquired a new position in Phillips 66 during the fourth quarter worth $3,033,000. Donoghue Forlines LLC purchased a new position in Phillips 66 in the fourth quarter worth $1,438,000. Finally, Mizuho Securities USA LLC lifted its holdings in Phillips 66 by 7,549.0% in the third quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company's stock valued at $328,625,000 after acquiring an additional 2,467,316 shares during the period. Institutional investors and hedge funds own 76.93% of the company's stock.
Phillips 66 Stock Down 0.7 %
Shares of Phillips 66 stock traded down $0.83 on Tuesday, hitting $126.25. 1,400,519 shares of the company's stock traded hands, compared to its average volume of 3,576,198. The stock has a market cap of $52.14 billion, a P/E ratio of 25.61, a PEG ratio of 4.84 and a beta of 1.37. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08. The firm's 50-day moving average is $119.39 and its 200 day moving average is $126.97. 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 (NYSE:PSX - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the prior year, the company earned $3.09 earnings per share. Equities analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.
Phillips 66 Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a $1.15 dividend. 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 3.64%. Phillips 66's dividend payout ratio (DPR) is presently 93.12%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on PSX shares. UBS Group cut their price target on shares of Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a report on Monday, November 4th. Wolfe Research upgraded shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Piper Sandler cut 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 report on Monday, February 3rd. Finally, StockNews.com upgraded shares of Phillips 66 from a "sell" rating to a "hold" rating in a research report on Saturday. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $148.00.
Check Out Our Latest Report on PSX
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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