Chickasaw Capital Management LLC Acquires 567 Shares of Phillips 66 (NYSE:PSX)

Chickasaw Capital Management LLC raised its holdings in shares of Phillips 66 (NYSE:PSX) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,617 shares of the oil and gas company’s stock after buying an additional 567 shares during the quarter. Phillips 66 comprises about 0.7% of Chickasaw Capital Management LLC’s holdings, making the stock its 18th largest position. Chickasaw Capital Management LLC’s holdings in Phillips 66 were worth $16,134,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PSX. Advisory Alpha LLC increased its holdings in shares of Phillips 66 by 4.8% in the second quarter. Advisory Alpha LLC now owns 1,648 shares of the oil and gas company’s stock worth $233,000 after buying an additional 76 shares during the period. Krane Funds Advisors LLC increased its stake in shares of Phillips 66 by 3.6% during the third quarter. Krane Funds Advisors LLC now owns 2,350 shares of the oil and gas company’s stock valued at $309,000 after purchasing an additional 82 shares in the last quarter. Richwood Investment Advisors LLC boosted its holdings in Phillips 66 by 1.9% in the third quarter. Richwood Investment Advisors LLC now owns 4,580 shares of the oil and gas company’s stock worth $602,000 after acquiring an additional 85 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its holdings in Phillips 66 by 0.5% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 17,548 shares of the oil and gas company’s stock worth $2,307,000 after buying an additional 89 shares during the last quarter. Finally, Western Financial Corp CA raised its stake in shares of Phillips 66 by 1.6% in the third quarter. Western Financial Corp CA now owns 5,882 shares of the oil and gas company’s stock worth $773,000 after purchasing an additional 91 shares during the last quarter. 76.93% of the stock is owned by institutional investors.

Phillips 66 Stock Down 0.3 %

Shares of NYSE:PSX traded down $0.31 during trading on Tuesday, hitting $114.86. The company’s stock had a trading volume of 1,595,776 shares, compared to its average volume of 2,092,643. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The company has a market capitalization of $47.44 billion, a PE ratio of 14.74, a PEG ratio of 4.06 and a beta of 1.38. The stock’s 50-day moving average price is $123.61 and its two-hundred day moving average price is $131.03.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. The firm had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm’s revenue was down 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $4.63 EPS. As a group, sell-side analysts expect that Phillips 66 will post 7.56 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a dividend of $1.15 per share. The ex-dividend date was Monday, November 18th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.00%. Phillips 66’s dividend payout ratio (DPR) is presently 59.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PSX shares. Morgan Stanley lowered their price target on shares of Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. 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. Barclays dropped their price objective on Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Friday. Finally, Bank of America assumed coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They set a “buy” rating and a $156.00 price target on the stock. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.57.

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.