147,203 Shares in Phillips 66 (NYSE:PSX) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Phillips 66 (NYSE:PSX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 147,203 shares of the oil and gas company's stock, valued at approximately $16,771,000.

Other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its holdings 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 in the last quarter. K.J. Harrison & Partners Inc acquired a new stake in Phillips 66 in the 4th quarter valued at approximately $229,000. Apriem Advisors lifted its stake in Phillips 66 by 9.7% in the 4th quarter. Apriem Advisors now owns 2,368 shares of the oil and gas company's stock valued at $270,000 after acquiring an additional 210 shares in the last quarter. Nwam LLC boosted its position in Phillips 66 by 2.2% during the 4th quarter. Nwam LLC now owns 3,876 shares of the oil and gas company's stock worth $442,000 after acquiring an additional 85 shares during the last quarter. Finally, Heritage Investors Management Corp grew its stake in shares of Phillips 66 by 0.8% during the 4th quarter. Heritage Investors Management Corp now owns 82,381 shares of the oil and gas company's stock worth $9,386,000 after acquiring an additional 682 shares in the last quarter. Institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Performance

Phillips 66 stock traded down $3.37 during trading hours on Monday, hitting $126.32. The company had a trading volume of 1,639,667 shares, compared to its average volume of 3,598,835. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The firm has a market cap of $51.50 billion, a PE ratio of 25.68, a PEG ratio of 4.84 and a beta of 1.37. The firm has a 50-day moving average of $120.60 and a 200 day moving average of $126.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share 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 business posted $3.09 EPS. On average, sell-side analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.64%. Phillips 66's dividend payout ratio is presently 93.12%.

Analysts Set New Price Targets

Several brokerages have commented on PSX. Piper Sandler cut shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Wells Fargo & Company upped their target price on Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Barclays decreased their price target 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. Mizuho dropped their price objective on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Finally, StockNews.com downgraded Phillips 66 from a "hold" rating to a "sell" rating in a report on Sunday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $148.00.

About Phillips 66

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.