Phillips 66 (NYSE:PSX) Stock Holdings Boosted by Private Advisor Group LLC

Private Advisor Group LLC lifted its position in Phillips 66 (NYSE:PSX) by 5.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 36,890 shares of the oil and gas company’s stock after buying an additional 1,975 shares during the quarter. Private Advisor Group LLC’s holdings in Phillips 66 were worth $4,203,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC raised its position in Phillips 66 by 120.0% in the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 120 shares in the last quarter. Stephens Consulting LLC raised its holdings 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 purchasing an additional 111 shares in the last quarter. Human Investing LLC acquired a new stake in Phillips 66 during the fourth quarter valued at approximately $30,000. Webster Bank N. A. boosted its holdings 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 buying an additional 88 shares in the last quarter. Finally, YANKCOM Partnership bought a new stake in Phillips 66 during the fourth quarter worth approximately $31,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Down 2.1 %

Shares of NYSE:PSX opened at $128.78 on Monday. The firm has a fifty day moving average of $119.17 and a two-hundred day moving average of $127.03. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08. The firm has a market capitalization of $53.18 billion, a P/E ratio of 26.07, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results 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 net margin of 1.46% and a return on equity of 8.58%. During the same period last year, the business earned $3.09 EPS. On average, equities analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Monday, February 24th. Phillips 66’s dividend payout ratio is presently 93.12%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PSX shares. Barclays dropped their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. StockNews.com raised Phillips 66 from a “sell” rating to a “hold” rating in a report on Saturday. Mizuho dropped their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Finally, UBS Group decreased their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.00.

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.