Unigestion Holding SA Buys 30,105 Shares of Phillips 66 (NYSE:PSX)

Unigestion Holding SA raised its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 729.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,231 shares of the oil and gas company's stock after purchasing an additional 30,105 shares during the period. Unigestion Holding SA's holdings in Phillips 66 were worth $4,500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PSX. nVerses Capital LLC purchased a new position in Phillips 66 in the third quarter worth about $26,000. Values First Advisors Inc. purchased a new position in shares of Phillips 66 during the 3rd quarter worth about $30,000. Kings Path Partners LLC bought a new stake in Phillips 66 during the 2nd quarter valued at about $38,000. Industrial Alliance Investment Management Inc. bought a new position in shares of Phillips 66 during the 2nd quarter worth $40,000. Finally, Point72 Hong Kong Ltd purchased a new position in Phillips 66 during the 3rd quarter valued at about $40,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on PSX shares. JPMorgan Chase & Co. decreased their price objective on Phillips 66 from $160.00 to $141.00 and set an "overweight" rating for the company in a report on Wednesday, October 2nd. TD Cowen cut their target price on Phillips 66 from $162.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. Bank of America began coverage on Phillips 66 in a report on Thursday, October 17th. They set a "buy" rating and a $156.00 price target on the stock. Scotiabank lowered their price target on Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. Finally, Morgan Stanley decreased their price objective on Phillips 66 from $150.00 to $144.00 and set an "equal weight" rating for the company in a report on Monday, September 16th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $149.23.

Phillips 66 Price Performance

NYSE PSX traded down $0.29 on Wednesday, reaching $125.33. The company's stock had a trading volume of 2,571,354 shares, compared to its average volume of 2,661,517. The firm has a market cap of $51.76 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 4.24 and a beta of 1.35. The business has a 50-day moving average price of $130.66 and a 200 day moving average price of $134.18. Phillips 66 has a 52 week low of $119.77 and a 52 week high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.41. The business had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. Phillips 66's revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business posted $4.63 earnings per share. Sell-side analysts expect that Phillips 66 will post 7.59 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a $1.15 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $4.60 dividend on an annualized basis and a yield of 3.67%. Phillips 66's dividend payout ratio is 59.05%.

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.