New Age Alpha Advisors LLC Purchases Shares of 8,620 Phillips 66 (NYSE:PSX)

New Age Alpha Advisors LLC bought a new stake in shares of Phillips 66 (NYSE:PSX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,620 shares of the oil and gas company's stock, valued at approximately $982,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of Phillips 66 by 7.3% in the fourth quarter. Bank of New York Mellon Corp now owns 9,344,342 shares of the oil and gas company's stock valued at $1,064,601,000 after purchasing an additional 639,323 shares during the period. Norges Bank acquired a new stake in Phillips 66 in the 4th quarter worth about $497,648,000. Amundi boosted its holdings in Phillips 66 by 25.7% in the 4th quarter. Amundi now owns 3,682,414 shares of the oil and gas company's stock worth $428,081,000 after buying an additional 753,653 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Phillips 66 by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,002,995 shares of the oil and gas company's stock worth $342,131,000 after buying an additional 101,108 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Phillips 66 in the fourth quarter valued at approximately $168,790,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on PSX. 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. Wells Fargo & Company increased their target price 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. Mizuho dropped their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Wolfe Research upgraded shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Finally, StockNews.com cut Phillips 66 from a "hold" rating to a "sell" rating in a report on Sunday, March 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $146.43.

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Phillips 66 Trading Down 13.6 %

Shares of NYSE:PSX traded down $16.91 during mid-day trading on Thursday, reaching $107.15. 6,783,576 shares of the company were exchanged, compared to its average volume of 2,794,286. Phillips 66 has a 1 year low of $106.73 and a 1 year 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 firm's 50-day simple moving average is $125.02 and its 200 day simple moving average is $125.48. The firm has a market cap of $43.69 billion, a price-to-earnings ratio of 21.69, a P/E/G ratio of 4.84 and a beta of 1.31.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates 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 last year, the firm earned $3.09 earnings per share. Equities research analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a dividend of $1.15 per share. The ex-dividend date was Monday, February 24th. This represents a $4.60 annualized dividend and a dividend yield of 4.29%. Phillips 66's dividend payout ratio is presently 93.12%.

About Phillips 66

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.