Sciencast Management LP Invests $3.04 Million in Phillips 66 (NYSE:PSX)

Sciencast Management LP purchased a new stake in Phillips 66 (NYSE:PSX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,721 shares of the oil and gas company's stock, valued at approximately $3,044,000. Phillips 66 makes up approximately 0.8% of Sciencast Management LP's holdings, making the stock its 15th largest position.

Several other institutional investors also recently modified their holdings of the stock. Millstone Evans Group LLC acquired a new stake in shares of Phillips 66 during the fourth quarter worth $55,000. Paragon Capital Management LLC raised its holdings in Phillips 66 by 2.8% during the 4th quarter. Paragon Capital Management LLC now owns 13,267 shares of the oil and gas company's stock worth $1,512,000 after buying an additional 359 shares during the period. Northwest & Ethical Investments L.P. lifted its stake in Phillips 66 by 41.7% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 20,952 shares of the oil and gas company's stock valued at $2,387,000 after buying an additional 6,167 shares in the last quarter. Wilkins Investment Counsel Inc. boosted its holdings in shares of Phillips 66 by 2.3% in the fourth quarter. Wilkins Investment Counsel Inc. now owns 16,549 shares of the oil and gas company's stock worth $1,885,000 after buying an additional 371 shares during the period. Finally, Teacher Retirement System of Texas increased its position in shares of Phillips 66 by 4,491.3% in the fourth quarter. Teacher Retirement System of Texas now owns 130,347 shares of the oil and gas company's stock worth $14,850,000 after acquiring an additional 127,508 shares in the last quarter. Institutional investors own 76.93% of the company's stock.

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Phillips 66 Stock Up 0.8 %

NYSE PSX traded up $1.05 during trading on Wednesday, reaching $126.54. The company's stock had a trading volume of 1,714,664 shares, compared to its average volume of 2,617,022. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $51.59 billion, a PE ratio of 25.61, a PEG ratio of 4.84 and a beta of 1.31. Phillips 66 has a 1-year low of $108.91 and a 1-year high of $174.08. The business has a 50-day moving average price of $124.49 and a 200-day moving average price of $125.56.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings data 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 net margin of 1.46% and a return on equity of 8.58%. During the same quarter last year, the business posted $3.09 earnings per share. On average, research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 annualized dividend and a dividend yield of 3.64%. Phillips 66's dividend payout ratio (DPR) is presently 93.12%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PSX shares. Barclays upped their price target on shares of Phillips 66 from $115.00 to $135.00 and gave the company an "equal weight" rating in a research report on Friday, March 14th. Piper Sandler cut Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Wolfe Research raised Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a research report on Friday, January 3rd. Wells Fargo & Company increased their price objective on Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, StockNews.com cut Phillips 66 from a "hold" rating to a "sell" rating in a research note on Sunday, March 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $147.54.

Phillips 66 Company 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.