Private Advisor Group LLC Purchases 1,975 Shares of Phillips 66 (NYSE:PSX)

Private Advisor Group LLC lifted its stake in Phillips 66 (NYSE:PSX - Free Report) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,890 shares of the oil and gas company's stock after acquiring an additional 1,975 shares during the period. Private Advisor Group LLC's holdings in Phillips 66 were worth $4,203,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Bogart Wealth LLC increased its holdings in Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 120 shares during the period. Stephens Consulting LLC increased its holdings in shares of Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 111 shares during the period. Human Investing LLC purchased a new stake in shares of Phillips 66 in the fourth quarter worth $30,000. Webster Bank N. A. boosted its stake in Phillips 66 by 48.4% during the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company's stock valued at $31,000 after buying an additional 88 shares during the period. Finally, YANKCOM Partnership purchased a new position in Phillips 66 during the fourth quarter worth about $31,000. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Phillips 66 Trading Up 1.6 %

Shares of NYSE:PSX traded up $1.95 during midday trading on Thursday, hitting $127.39. 2,701,744 shares of the stock traded hands, compared to its average volume of 3,599,267. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The business's 50 day moving average is $119.87 and its two-hundred day moving average is $126.89. The stock has a market capitalization of $51.94 billion, a PE ratio of 25.79, a P/E/G ratio of 4.84 and a beta of 1.37. Phillips 66 has a one year low of $108.90 and a one year high of $174.08.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings results 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 net margin of 1.46% and a return on equity of 8.58%. During the same period in the prior year, the business posted $3.09 EPS. As a group, research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.61%. The ex-dividend date is Monday, February 24th. Phillips 66's dividend payout ratio (DPR) is currently 93.12%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wolfe Research raised Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Piper Sandler lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Wells Fargo & Company increased their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. StockNews.com raised shares of Phillips 66 from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Finally, Barclays cut their target price on shares of Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.00.

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.