Phillips 66 (NYSE:PSX - Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as $107.63 and last traded at $108.05, with a volume of 2939097 shares changing hands. The stock had previously closed at $124.06.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on PSX. Piper Sandler cut Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Wolfe Research upgraded shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a research note on Friday, January 3rd. Mizuho dropped their price target on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. StockNews.com cut Phillips 66 from a "hold" rating to a "sell" rating in a research note on Sunday, March 2nd. Finally, Barclays increased their target price on shares of Phillips 66 from $115.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $146.43.
Read Our Latest Stock Analysis on Phillips 66
Phillips 66 Stock Performance
The business has a 50-day moving average of $124.24 and a 200 day moving average of $125.09. 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 company has a market cap of $39.24 billion, a PE ratio of 19.39, a PEG ratio of 4.84 and a beta of 1.17.
Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) 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 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 Announces Dividend
The firm also recently announced 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 annualized dividend and a dividend yield of 4.78%. The ex-dividend date was Monday, February 24th. Phillips 66's dividend payout ratio is currently 93.12%.
Institutional Investors Weigh In On Phillips 66
A number of institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its stake in Phillips 66 by 283.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,026,649 shares of the oil and gas company's stock worth $686,618,000 after purchasing an additional 4,455,220 shares in the last quarter. Norges Bank bought a new position in shares of Phillips 66 during the fourth quarter valued at approximately $497,648,000. Raymond James Financial Inc. bought a new stake in Phillips 66 during the 4th quarter valued at about $168,790,000. Capitolis Liquid Global Markets LLC bought a new position in Phillips 66 in the 4th quarter worth about $142,185,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in Phillips 66 by 157.6% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,541,240 shares of the oil and gas company's stock worth $175,593,000 after purchasing an additional 942,922 shares in the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.
About Phillips 66
(
Get Free Report)
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.
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