Exos TFP Holdings LLC Acquires 722 Shares of Phillips 66 (NYSE:PSX)

Exos TFP Holdings LLC raised its holdings in Phillips 66 (NYSE:PSX – Get Rating) by 251.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,009 shares of the oil and gas company’s stock after acquiring an additional 722 shares during the period. Exos TFP Holdings LLC’s holdings in Phillips 66 were worth $105,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Regal Investment Advisors LLC bought a new stake in shares of Phillips 66 during the third quarter worth about $310,000. Intrua Financial LLC lifted its stake in shares of Phillips 66 by 20.5% in the fourth quarter. Intrua Financial LLC now owns 8,781 shares of the oil and gas company’s stock worth $917,000 after acquiring an additional 1,492 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Phillips 66 by 2.4% in the third quarter. Neuberger Berman Group LLC now owns 1,098,922 shares of the oil and gas company’s stock worth $88,704,000 after acquiring an additional 25,603 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Phillips 66 by 10.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 39,343 shares of the oil and gas company’s stock worth $4,095,000 after acquiring an additional 3,603 shares during the period. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Phillips 66 by 2.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,679 shares of the oil and gas company’s stock worth $903,000 after acquiring an additional 189 shares during the period. Institutional investors own 70.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PSX shares. Royal Bank of Canada lifted their price objective on Phillips 66 from $130.00 to $132.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 8th. UBS Group started coverage on Phillips 66 in a research note on Wednesday, March 8th. They issued a “buy” rating and a $139.00 price objective on the stock. Piper Sandler cut their price objective on Phillips 66 from $141.00 to $127.00 in a research note on Thursday, May 18th. JPMorgan Chase & Co. lifted their price objective on Phillips 66 from $112.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 28th. Finally, The Goldman Sachs Group dropped their price target on Phillips 66 from $124.00 to $119.00 in a research note on Friday, May 12th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and an average target price of $120.87.

Phillips 66 Trading Down 0.5 %

Shares of Phillips 66 stock opened at $94.66 on Friday. The stock has a fifty day simple moving average of $98.26 and a 200 day simple moving average of $101.94. Phillips 66 has a 12-month low of $74.02 and a 12-month high of $113.53. The company has a market capitalization of $43.44 billion, a P/E ratio of 3.68, a price-to-earnings-growth ratio of 0.36 and a beta of 1.38. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51.

Phillips 66 (NYSE:PSX – Get Rating) last announced its quarterly earnings results on Wednesday, May 3rd. The oil and gas company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.63. Phillips 66 had a return on equity of 32.37% and a net margin of 7.13%. The business had revenue of $35.09 billion during the quarter, compared to the consensus estimate of $29.76 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. On average, sell-side analysts anticipate that Phillips 66 will post 14.17 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 22nd will be paid a $1.05 dividend. The ex-dividend date is Friday, May 19th. This represents a $4.20 dividend on an annualized basis and a yield of 4.44%. Phillips 66’s dividend payout ratio (DPR) is presently 16.24%.

Phillips 66 Profile

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Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties. The Midstream segment provides crude oil and refined products transportation, terminaling and processing services, as well as natural gas, natural gas liquids and liquefied petroleum gas transportation, storage, processing and marketing services.