Uniting Wealth Partners LLC acquired a new stake in Phillips 66 (NYSE:PSX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,399 shares of the oil and gas company's stock, valued at approximately $387,000.
A number of other large investors also recently bought and sold shares of the company. Bogart Wealth LLC boosted its stake in shares of Phillips 66 by 120.0% in the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock valued at $25,000 after buying an additional 120 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Phillips 66 during the 4th quarter worth $25,000. Stephens Consulting LLC boosted its position in shares of Phillips 66 by 83.5% during the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after purchasing an additional 111 shares in the last quarter. Graney & King LLC purchased a new position in shares of Phillips 66 in the 4th quarter valued at about $28,000. Finally, Human Investing LLC acquired a new stake in shares of Phillips 66 in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 76.93% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. The Goldman Sachs Group lowered shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price on the stock. in a research report on Thursday, March 27th. StockNews.com cut Phillips 66 from a "hold" rating to a "sell" rating in a report on Sunday, March 2nd. Barclays raised their price target on 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 downgraded shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Finally, Wolfe Research raised Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective on the stock in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $146.43.
Read Our Latest Stock Report on PSX
Phillips 66 Trading Down 8.0 %
Shares of NYSE:PSX traded down $8.53 during trading on Friday, reaching $98.65. 6,420,619 shares of the stock were exchanged, compared to its average volume of 2,809,631. The firm's 50-day moving average price is $124.24 and its 200 day moving average price is $125.13. The firm has a market cap of $40.22 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 4.84 and a beta of 1.17. Phillips 66 has a 12-month low of $95.67 and a 12-month high of $171.41. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.
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 return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the previous year, the company earned $3.09 EPS. On average, sell-side analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current fiscal year.
Phillips 66 Announces Dividend
The business also recently declared 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 4.66%. Phillips 66's dividend payout ratio is currently 93.12%.
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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