O Shaughnessy Asset Management LLC Has $10.65 Million Stock Holdings in Phillips 66 (NYSE:PSX)

O Shaughnessy Asset Management LLC grew its position in Phillips 66 (NYSE:PSX - Free Report) by 42.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 93,435 shares of the oil and gas company's stock after purchasing an additional 27,891 shares during the period. O Shaughnessy Asset Management LLC's holdings in Phillips 66 were worth $10,645,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in PSX. Norges Bank bought a new position in Phillips 66 during the 4th quarter valued at $497,648,000. Raymond James Financial Inc. bought a new stake in shares of Phillips 66 in the 4th quarter worth approximately $168,790,000. Amundi lifted its stake in Phillips 66 by 25.7% during the fourth quarter. Amundi now owns 3,682,414 shares of the oil and gas company's stock valued at $428,081,000 after purchasing an additional 753,653 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Phillips 66 by 7.3% during the fourth quarter. Bank of New York Mellon Corp now owns 9,344,342 shares of the oil and gas company's stock worth $1,064,601,000 after buying an additional 639,323 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in Phillips 66 in the third quarter worth approximately $34,042,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PSX. Piper Sandler lowered Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Barclays boosted their price objective on Phillips 66 from $115.00 to $135.00 and gave the stock an "equal weight" rating in a report on Friday, March 14th. Wolfe Research upgraded shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 target price for the company in a report on Friday, January 3rd. Mizuho cut 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. Finally, Wells Fargo & Company raised their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $146.43.

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Phillips 66 Stock Down 13.6 %

PSX stock traded down $16.91 during mid-day trading on Thursday, hitting $107.15. The stock had a trading volume of 6,783,576 shares, compared to its average volume of 2,794,288. The stock has a market capitalization of $43.69 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 4.84 and a beta of 1.31. 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 $106.73 and a 1-year high of $174.08. The company has a fifty day moving average of $125.02 and a 200 day moving average of $125.48.

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 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 business posted $3.09 EPS. On average, equities analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66's dividend payout ratio is presently 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.