MSH Capital Advisors LLC Makes New Investment in Phillips 66 (NYSE:PSX)

MSH Capital Advisors LLC bought a new stake in Phillips 66 (NYSE:PSX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,355 shares of the oil and gas company's stock, valued at approximately $382,000.

Other large investors also recently modified their holdings of the company. Morse Asset Management Inc purchased a new stake in Phillips 66 in the third quarter worth about $493,000. Invst LLC boosted its position in Phillips 66 by 2.4% during the third quarter. Invst LLC now owns 6,201 shares of the oil and gas company's stock worth $815,000 after acquiring an additional 145 shares during the last quarter. Advisory Resource Group boosted its stake in shares of Phillips 66 by 4.3% in the 3rd quarter. Advisory Resource Group now owns 241,527 shares of the oil and gas company's stock valued at $31,749,000 after buying an additional 9,930 shares during the period. World Investment Advisors LLC acquired a new stake in Phillips 66 during the 3rd quarter worth approximately $796,000. Finally, Arvest Bank Trust Division acquired a new position in shares of Phillips 66 during the 3rd quarter worth approximately $1,008,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PSX shares. Scotiabank reduced their price target on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. 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 research report on Wednesday, April 9th. Barclays lowered their price objective on shares of Phillips 66 from $135.00 to $106.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. StockNews.com cut shares of Phillips 66 from a "hold" rating to a "sell" rating in a research note on Sunday, March 2nd. Finally, Mizuho reduced their target price on Phillips 66 from $140.00 to $132.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Phillips 66 currently has an average rating of "Moderate Buy" and an average target price of $142.00.

Phillips 66 Trading Up 3.7 %

NYSE:PSX traded up $3.62 on Tuesday, reaching $100.63. 491,630 shares of the stock traded hands, compared to its average volume of 2,882,193. The firm has a market capitalization of $41.00 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 4.84 and a beta of 1.17. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $159.25. The company's 50 day moving average is $117.81 and its 200-day moving average is $121.95.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its quarterly earnings results 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 company earned $3.09 EPS. Equities research analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a $1.20 dividend. This is a boost from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 4.77%. Phillips 66's payout ratio is 93.12%.

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.