Mariner LLC Buys 47,355 Shares of Phillips 66 (NYSE:PSX)

Mariner LLC grew its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 949,602 shares of the oil and gas company's stock after acquiring an additional 47,355 shares during the quarter. Mariner LLC owned 0.23% of Phillips 66 worth $108,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Morse Asset Management Inc bought a new stake in shares of Phillips 66 during the 3rd quarter worth $493,000. Invst LLC boosted its stake in Phillips 66 by 2.4% in the third quarter. Invst LLC now owns 6,201 shares of the oil and gas company's stock valued at $815,000 after acquiring an additional 145 shares during the last quarter. Advisory Resource Group grew its position in shares of Phillips 66 by 4.3% during the 3rd quarter. Advisory Resource Group now owns 241,527 shares of the oil and gas company's stock valued at $31,749,000 after acquiring an additional 9,930 shares during the period. World Investment Advisors LLC bought a new position in shares of Phillips 66 during the 3rd quarter valued at approximately $796,000. Finally, Arvest Bank Trust Division purchased a new stake in Phillips 66 in the third quarter worth $1,008,000. Institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Up 2.4 %

Shares of Phillips 66 stock traded up $2.31 during midday trading on Friday, hitting $98.88. The company had a trading volume of 2,437,239 shares, compared to its average volume of 2,893,251. Phillips 66 has a 52-week low of $91.01 and a 52-week high of $159.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The company has a 50 day moving average of $118.36 and a 200 day moving average of $122.44. The stock has a market capitalization of $40.29 billion, a P/E ratio of 20.02, a P/E/G ratio of 4.84 and a beta of 1.17.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (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 previous year, the firm earned $3.09 earnings per share. On average, equities analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a $1.15 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 4.65%. Phillips 66's payout ratio is 93.12%.

Analyst Ratings Changes

Several research firms have recently issued reports on PSX. Mizuho lowered their price target on shares of Phillips 66 from $140.00 to $132.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Scotiabank reduced their price target on Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Barclays cut their target price on Phillips 66 from $135.00 to $106.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Raymond James decreased their price target on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Piper Sandler cut shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $142.00.

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.