Saturna Capital Corp Grows Position in Phillips 66 (NYSE:PSX)

Saturna Capital Corp grew its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 204.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,268 shares of the oil and gas company's stock after purchasing an additional 3,539 shares during the quarter. Saturna Capital Corp's holdings in Phillips 66 were worth $600,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Mizuho Securities USA LLC grew its position in shares of Phillips 66 by 7,549.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company's stock valued at $328,625,000 after acquiring an additional 2,467,316 shares during the period. Raymond James Financial Inc. acquired a new stake in Phillips 66 in the fourth quarter valued at approximately $168,790,000. Amundi grew its holdings in Phillips 66 by 25.7% in the fourth quarter. Amundi now owns 3,682,414 shares of the oil and gas company's stock valued at $428,081,000 after purchasing an additional 753,653 shares during the period. ING Groep NV increased its position in shares of Phillips 66 by 123.2% in the third quarter. ING Groep NV now owns 1,182,980 shares of the oil and gas company's stock valued at $155,503,000 after buying an additional 653,032 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Phillips 66 by 7.3% during the 4th quarter. Bank of New York Mellon Corp now owns 9,344,342 shares of the oil and gas company's stock valued at $1,064,601,000 after buying an additional 639,323 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Performance

Shares of Phillips 66 stock opened at $123.66 on Wednesday. The business's fifty day simple moving average is $122.25 and its 200-day simple moving average is $126.12. 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 firm has a market cap of $50.42 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31. Phillips 66 has a 52 week low of $108.91 and a 52 week high of $174.08.

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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 analysts' consensus estimates 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 last year, the firm posted $3.09 earnings per share. Equities analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The business also recently announced 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 3.72%. Phillips 66's dividend payout ratio (DPR) is presently 93.12%.

Wall Street Analysts Forecast Growth

PSX has been the subject of several recent analyst reports. StockNews.com lowered shares of Phillips 66 from a "hold" rating to a "sell" rating in a report on Sunday, March 2nd. Barclays decreased their price target on shares of Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Wolfe Research upgraded Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Piper Sandler downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Finally, Mizuho dropped 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.

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