NEOS Investment Management LLC Purchases 6,221 Shares of Phillips 66 (NYSE:PSX)

NEOS Investment Management LLC boosted its holdings in Phillips 66 (NYSE:PSX - Free Report) by 31.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,087 shares of the oil and gas company's stock after buying an additional 6,221 shares during the quarter. NEOS Investment Management LLC's holdings in Phillips 66 were worth $2,972,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC increased its position in Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after purchasing an additional 120 shares in the last quarter. J.Safra Asset Management Corp bought a new position in shares of Phillips 66 in the 4th quarter worth about $25,000. Stephens Consulting LLC increased its stake in shares of 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 acquiring an additional 111 shares in the last quarter. Graney & King LLC acquired a new stake in shares of Phillips 66 in the 4th quarter valued at about $28,000. Finally, Human Investing LLC acquired a new stake in Phillips 66 in the 4th quarter valued at $30,000. Institutional investors own 76.93% of the company's stock.

Phillips 66 Price Performance

NYSE PSX traded up $0.29 on Tuesday, hitting $123.77. The stock had a trading volume of 1,052,949 shares, compared to its average volume of 2,776,029. The firm has a 50-day moving average of $124.82 and a 200-day moving average of $125.50. The company has a market capitalization of $50.46 billion, a price-to-earnings ratio of 25.03, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a 52-week low of $108.91 and a 52-week high of $174.08.

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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) earnings per share (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 posted $3.09 EPS. Equities analysts expect that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Monday, February 24th. Phillips 66's dividend payout ratio (DPR) is 93.12%.

Analyst Upgrades and Downgrades

PSX has been the subject of a number of recent analyst reports. The Goldman Sachs Group downgraded Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price objective for the company. in a research note on Thursday, March 27th. Wolfe Research raised shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. StockNews.com downgraded Phillips 66 from a "hold" rating to a "sell" rating in a research report on Sunday, March 2nd. Barclays upped their price target on Phillips 66 from $115.00 to $135.00 and gave the company an "equal weight" rating in a research report on Friday, March 14th. Finally, Mizuho decreased their price objective on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Phillips 66 currently has a consensus rating of "Moderate Buy" and an average target price 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.