Stevens Capital Management LP Buys Shares of 7,774 Phillips 66 (NYSE:PSX)

Stevens Capital Management LP acquired a new stake in shares of Phillips 66 (NYSE:PSX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,774 shares of the oil and gas company's stock, valued at approximately $886,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its holdings 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 buying an additional 120 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in Phillips 66 in the 4th quarter worth approximately $25,000. Stephens Consulting LLC raised its holdings in Phillips 66 by 83.5% in the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 111 shares during the last quarter. Human Investing LLC purchased a new position in shares of Phillips 66 during the 4th quarter worth $30,000. Finally, Webster Bank N. A. boosted 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 worth $31,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Stock Down 1.3 %

Shares of NYSE:PSX traded down $1.68 during midday trading on Thursday, reaching $124.89. The company had a trading volume of 1,762,264 shares, compared to its average volume of 2,616,422. The stock has a market capitalization of $50.92 billion, a P/E ratio of 25.28, a PEG ratio of 4.84 and a beta of 1.31. The stock's fifty day moving average price is $124.74 and its 200-day moving average price is $125.57. 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 has a one year low of $108.91 and a one year high of $174.08.

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Phillips 66 (NYSE:PSX - Get Free Report) last announced 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 period in the prior year, the business earned $3.09 earnings per share. Equities research analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.68%. Phillips 66's dividend payout ratio (DPR) is 93.12%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wolfe Research upgraded Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. The Goldman Sachs Group lowered shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price objective on the stock. in a report on Thursday. Barclays boosted their target price on shares of Phillips 66 from $115.00 to $135.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. Mizuho cut their price target 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. 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 analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $146.43.

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.