Purkiss Capital Advisors LLC Takes $232,000 Position in Phillips 66 (NYSE:PSX)

Purkiss Capital Advisors LLC purchased a new position in shares of Phillips 66 (NYSE:PSX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,040 shares of the oil and gas company's stock, valued at approximately $232,000.

Several other hedge funds have also made changes to their positions in PSX. Bogart Wealth LLC grew its position in shares of Phillips 66 by 120.0% during the fourth 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 last quarter. Stephens Consulting LLC increased its stake 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 valued at $28,000 after purchasing an additional 111 shares during the period. Human Investing LLC bought a new stake in shares of Phillips 66 during the fourth quarter valued at approximately $30,000. Webster Bank N. A. raised its holdings in shares of 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 last quarter. Finally, YANKCOM Partnership acquired a new position in shares of Phillips 66 during the fourth quarter worth approximately $31,000. Institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Down 2.1 %

Shares of PSX traded down $2.76 during midday trading on Monday, reaching $126.93. 1,872,568 shares of the stock were exchanged, compared to its average volume of 3,606,518. The company has a market cap of $51.75 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 4.84 and a beta of 1.37. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08. The firm has a 50 day simple moving average of $120.60 and a 200-day simple moving average of $126.72.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its quarterly earnings data 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 quarter in the prior year, the business posted $3.09 EPS. Research analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Dividend Announcement

The business also recently declared 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 3.62%. Phillips 66's dividend payout ratio (DPR) is presently 93.12%.

Analyst Ratings Changes

PSX has been the topic of several recent analyst reports. UBS Group cut their target price on Phillips 66 from $150.00 to $138.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Mizuho cut their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company upped their price objective 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. Wolfe Research raised shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 target price on the stock in a research note on Friday, January 3rd. Finally, Piper Sandler downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus 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.