Navellier & Associates Inc. Buys 5,071 Shares of Phillips 66 (NYSE:PSX)

Navellier & Associates Inc. raised its holdings in Phillips 66 (NYSE:PSX - Free Report) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,830 shares of the oil and gas company's stock after acquiring an additional 5,071 shares during the quarter. Navellier & Associates Inc.'s holdings in Phillips 66 were worth $6,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Van ECK Associates Corp lifted its stake in Phillips 66 by 263.3% during the third quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company's stock valued at $10,753,000 after purchasing an additional 60,355 shares during the last quarter. Flavin Financial Services Inc. bought a new position in shares of Phillips 66 in the fourth quarter valued at $1,190,000. Everence Capital Management Inc. acquired a new stake in shares of Phillips 66 during the 4th quarter valued at $3,033,000. Donoghue Forlines LLC bought a new stake in shares of Phillips 66 during the 4th quarter worth $1,438,000. Finally, Mizuho Securities USA LLC grew its holdings in shares of Phillips 66 by 7,549.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company's stock worth $328,625,000 after acquiring an additional 2,467,316 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PSX shares. Piper Sandler downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Mizuho decreased their target price on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a report on Monday, December 16th. StockNews.com upgraded shares of Phillips 66 from a "sell" rating to a "hold" rating in a report on Saturday. Wolfe Research raised shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. Finally, Wells Fargo & Company boosted their target price 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. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Phillips 66 has an average rating of "Moderate Buy" and a consensus target price of $148.00.

Phillips 66 Stock Down 0.7 %

Shares of Phillips 66 stock traded down $0.86 during trading on Wednesday, hitting $125.40. 3,947,048 shares of the stock traded hands, compared to its average volume of 3,623,526. The stock has a market cap of $51.13 billion, a P/E ratio of 25.38, a PEG ratio of 4.84 and a beta of 1.37. The company has a fifty day moving average price of $119.60 and a two-hundred day moving average price of $126.91. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the company earned $3.09 earnings per share. Equities research analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.67%. Phillips 66's dividend payout ratio (DPR) is currently 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.