Petros Family Wealth LLC Makes New $615,000 Investment in Phillips 66 (NYSE:PSX)

Petros Family Wealth LLC bought a new stake in Phillips 66 (NYSE:PSX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,398 shares of the oil and gas company's stock, valued at approximately $615,000.

A number of other large investors also recently made changes to their positions in PSX. Bogart Wealth LLC boosted its stake in 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 buying an additional 120 shares in the last quarter. J.Safra Asset Management Corp bought a new position in Phillips 66 in the 4th quarter valued at approximately $25,000. Stephens Consulting LLC lifted 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 during the last quarter. Graney & King LLC acquired a new position in Phillips 66 in the 4th quarter worth about $28,000. Finally, Human Investing LLC acquired a new stake in shares of Phillips 66 during the fourth quarter valued at about $30,000. Institutional investors own 76.93% of the company's stock.

Wall Street Analyst Weigh In

PSX has been the topic of a number of research analyst reports. 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 research report on Friday, January 3rd. Raymond James lowered 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 note on Wednesday, April 9th. Mizuho cut their target price on shares of Phillips 66 from $140.00 to $132.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company raised their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Finally, Piper Sandler cut Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. One equities research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $142.00.

Phillips 66 Stock Up 3.4 %

PSX traded up $3.32 during trading on Thursday, hitting $99.89. 769,839 shares of the company's stock traded hands, compared to its average volume of 3,675,323. The stock has a market capitalization of $40.70 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 4.84 and a beta of 1.17. The company's 50 day simple moving average is $119.48 and its two-hundred day simple moving average is $122.90. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $159.24. 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 (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 quarter in the prior year, the company posted $3.09 EPS. Analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Monday, February 24th. Phillips 66's dividend payout ratio (DPR) 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.