Phillips 66 (NYSE:PSX) Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its stake in Phillips 66 (NYSE:PSX - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,112,618 shares of the oil and gas company's stock after acquiring an additional 347,905 shares during the quarter. Invesco Ltd. owned about 1.00% of Phillips 66 worth $468,551,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its stake in shares of Phillips 66 by 10.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company's stock valued at $5,349,000 after purchasing an additional 4,515 shares during the period. Flavin Financial Services Inc. acquired a new position in Phillips 66 in the 4th quarter worth $1,190,000. Everence Capital Management Inc. purchased a new position in Phillips 66 in the 4th quarter valued at about $3,033,000. Donoghue Forlines LLC purchased a new position in Phillips 66 in the 4th quarter valued at about $1,438,000. Finally, Smith Group Asset Management LLC acquired a new stake in shares of Phillips 66 during the fourth quarter valued at about $1,149,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Raymond James cut their price target on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. StockNews.com cut Phillips 66 from a "hold" rating to a "sell" rating in a research note on Sunday, March 2nd. Mizuho dropped their price target on shares of Phillips 66 from $140.00 to $132.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Barclays cut their price target on shares of Phillips 66 from $135.00 to $106.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, Piper Sandler lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. One investment 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $142.00.

Phillips 66 Stock Performance

PSX stock traded down $0.02 during midday trading on Monday, reaching $97.36. The company had a trading volume of 447,331 shares, compared to its average volume of 2,877,854. The firm has a market capitalization of $39.69 billion, a PE ratio of 19.71, a P/E/G ratio of 4.84 and a beta of 1.17. The stock has a 50 day moving average price of $120.96 and a 200 day moving average price of $123.50. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $165.00. The company has a quick ratio of 0.83, a current ratio of 1.21 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) EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period in the prior year, the company earned $3.09 EPS. Analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Monday, February 24th. Phillips 66's payout ratio is 93.12%.

Phillips 66 Company 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.