Wealthfront Advisers LLC Purchases 89,902 Shares of Phillips 66 (NYSE:PSX)

Wealthfront Advisers LLC lifted its position in Phillips 66 (NYSE:PSX - Free Report) by 173.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,859 shares of the oil and gas company's stock after purchasing an additional 89,902 shares during the quarter. Wealthfront Advisers LLC's holdings in Phillips 66 were worth $16,162,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bogart Wealth LLC boosted its stake 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 valued at $25,000 after purchasing an additional 120 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in Phillips 66 in the 4th quarter valued at $25,000. Stephens Consulting LLC increased its stake in shares of Phillips 66 by 83.5% in the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 111 shares during the last quarter. Human Investing LLC acquired a new position in Phillips 66 in the fourth quarter valued at about $30,000. Finally, Webster Bank N. A. increased its stake in 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 period. 76.93% of the stock is currently owned by institutional investors.

Phillips 66 Price Performance

Shares of PSX stock opened at $123.66 on Wednesday. The business has a fifty day simple moving average of $122.25 and a 200 day simple moving average of $126.12. Phillips 66 has a twelve month low of $108.91 and a twelve month high of $174.08. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company has a market cap of $50.42 billion, a P/E ratio of 25.03, a P/E/G ratio of 4.84 and a beta of 1.31.

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Phillips 66 (NYSE:PSX - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) 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 period in the previous year, the company earned $3.09 earnings per share. On average, sell-side analysts forecast that Phillips 66 will post 6.8 EPS for the current fiscal 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. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66's dividend payout ratio (DPR) is presently 93.12%.

Analysts Set New Price Targets

PSX has been the subject of a number of research reports. Wolfe Research raised shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 target price for the company in a report on Friday, January 3rd. Barclays decreased their price target on shares of Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. StockNews.com lowered shares of Phillips 66 from a "hold" rating to a "sell" rating in a report on Sunday, March 2nd. Wells Fargo & Company upped their price target 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, Piper Sandler lowered Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $148.00.

About Phillips 66

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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