Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Phillips 66 (NYSE:PSX)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Phillips 66 (NYSE:PSX - Free Report) by 4.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 651,668 shares of the oil and gas company's stock after purchasing an additional 29,673 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Phillips 66 worth $75,652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its holdings in shares of Phillips 66 by 120.0% in the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock valued at $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 4th quarter valued at $25,000. Stephens Consulting LLC raised its stake in shares of Phillips 66 by 83.5% during the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 111 shares during the period. Graney & King LLC purchased a new position in shares of Phillips 66 in the 4th quarter worth about $28,000. Finally, Human Investing LLC bought a new position in Phillips 66 during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Price Performance

PSX traded down $0.52 during trading on Tuesday, reaching $122.96. The stock had a trading volume of 965,578 shares, compared to its average volume of 3,508,959. The business has a 50-day moving average of $124.82 and a 200-day moving average of $125.50. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. 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 stock has a market cap of $50.13 billion, a PE ratio of 24.88, a PEG ratio of 4.84 and a beta of 1.31.

Remove Ads

Phillips 66 (NYSE:PSX - Get Free Report) last announced 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 period in the prior year, the business earned $3.09 EPS. As a group, equities research analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued a $1.15 dividend. The ex-dividend date was Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.74%. Phillips 66's payout ratio is 93.12%.

Analyst Upgrades and Downgrades

PSX has been the topic of a number of research reports. Mizuho lowered their price target on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Piper Sandler downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Wolfe Research upgraded Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. StockNews.com lowered shares of Phillips 66 from a "hold" rating to a "sell" rating in a research report on Sunday, March 2nd. Finally, Wells Fargo & Company boosted their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $146.43.

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.