Jones Financial Companies Lllp Grows Position in Phillips 66 (NYSE:PSX)

Jones Financial Companies Lllp boosted its position in Phillips 66 (NYSE:PSX - Free Report) by 40.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,303 shares of the oil and gas company's stock after buying an additional 9,959 shares during the quarter. Jones Financial Companies Lllp's holdings in Phillips 66 were worth $3,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SRS Capital Advisors Inc. boosted its stake in Phillips 66 by 174.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,699 shares of the oil and gas company's stock worth $194,000 after buying an additional 1,079 shares in the last quarter. Norden Group LLC boosted its stake in Phillips 66 by 58.8% in the fourth quarter. Norden Group LLC now owns 5,508 shares of the oil and gas company's stock worth $628,000 after buying an additional 2,039 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Phillips 66 by 19.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,444 shares of the oil and gas company's stock worth $386,000 after buying an additional 556 shares in the last quarter. Purkiss Capital Advisors LLC purchased a new stake in Phillips 66 in the fourth quarter worth approximately $232,000. Finally, Jacobi Capital Management LLC boosted its stake in shares of Phillips 66 by 7.1% during the fourth quarter. Jacobi Capital Management LLC now owns 11,076 shares of the oil and gas company's stock valued at $1,262,000 after purchasing an additional 736 shares during the period. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Down 2.0 %

Shares of NYSE:PSX traded down $2.41 on Wednesday, hitting $119.88. 4,202,728 shares of the company traded hands, compared to its average volume of 2,635,912. Phillips 66 has a 52 week low of $108.91 and a 52 week high of $174.08. 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 stock has a 50 day simple moving average of $121.27 and a 200-day simple moving average of $126.47. The company has a market cap of $48.88 billion, a PE ratio of 24.27, a PEG ratio of 4.84 and a beta of 1.37.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the consensus estimate 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. As a group, research analysts expect 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. Stockholders of record on Monday, February 24th will be issued a dividend of $1.15 per share. The ex-dividend date is Monday, February 24th. This represents a $4.60 annualized dividend and a dividend yield of 3.84%. Phillips 66's payout ratio is presently 93.12%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PSX shares. Wolfe Research raised 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. Barclays dropped their price objective on Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Wells Fargo & Company increased their price objective on Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Mizuho dropped their price objective on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Finally, StockNews.com lowered Phillips 66 from a "hold" rating to a "sell" rating in a research note on Sunday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Phillips 66 presently has an average rating of "Moderate Buy" and an average target price 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.