UniSuper Management Pty Ltd raised its stake in Phillips 66 (NYSE:PSX - Free Report) by 25.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,747 shares of the oil and gas company's stock after acquiring an additional 6,662 shares during the quarter. UniSuper Management Pty Ltd's holdings in Phillips 66 were worth $3,731,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Moment Partners LLC bought a new stake in shares of Phillips 66 in the fourth quarter valued at $552,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Phillips 66 by 4.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 651,668 shares of the oil and gas company's stock worth $75,652,000 after acquiring an additional 29,673 shares during the last quarter. Graney & King LLC bought a new stake in Phillips 66 in the 4th quarter valued at about $28,000. Ausdal Financial Partners Inc. lifted its holdings in Phillips 66 by 20.8% during the fourth quarter. Ausdal Financial Partners Inc. now owns 5,698 shares of the oil and gas company's stock valued at $649,000 after purchasing an additional 980 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp bought a new position in Phillips 66 during the fourth quarter worth about $69,000. 76.93% of the stock is owned by institutional investors.
Phillips 66 Price Performance
PSX stock traded up $0.29 during mid-day trading on Tuesday, hitting $123.77. 1,052,949 shares of the stock were exchanged, compared to its average volume of 2,776,029. The business has a fifty day moving average price of $124.82 and a 200 day moving average price of $125.50. Phillips 66 has a 12 month low of $108.91 and a 12 month high of $174.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The stock has a market capitalization of $50.46 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 4.84 and a beta of 1.31.
Phillips 66 (NYSE:PSX - Get Free Report) last released its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period in the prior year, the company posted $3.09 earnings per share. On average, sell-side analysts anticipate that Phillips 66 will post 6.8 EPS for the current year.
Phillips 66 Dividend Announcement
The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.72%. Phillips 66's dividend payout ratio (DPR) is currently 93.12%.
Analyst Ratings Changes
Several research firms have recently issued reports on PSX. StockNews.com lowered shares of Phillips 66 from a "hold" rating to a "sell" rating in a research report on Sunday, March 2nd. The Goldman Sachs Group lowered shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price objective for the company. in a research note on Thursday, March 27th. 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. Barclays lifted their target price on Phillips 66 from $115.00 to $135.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. Finally, Piper Sandler downgraded shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. One equities research 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $146.43.
View Our Latest Stock Analysis on Phillips 66
About Phillips 66
(
Free Report)
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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