Rowlandmiller & PARTNERS.ADV Boosts Stock Position in Phillips 66 (NYSE:PSX)

Rowlandmiller & PARTNERS.ADV grew its stake in shares of Phillips 66 (NYSE:PSX) by 14.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,021 shares of the oil and gas company’s stock after buying an additional 1,560 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Phillips 66 were worth $1,370,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd lifted its position in shares of Phillips 66 by 8.7% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 20,554 shares of the oil and gas company’s stock valued at $2,342,000 after buying an additional 1,645 shares in the last quarter. South Dakota Investment Council purchased a new position in shares of Phillips 66 during the 4th quarter valued at about $219,000. Delta Financial Group Inc. purchased a new position in Phillips 66 in the 4th quarter worth approximately $225,000. Howard Capital Management Inc. lifted its holdings in Phillips 66 by 5.3% in the 4th quarter. Howard Capital Management Inc. now owns 2,843 shares of the oil and gas company’s stock worth $324,000 after purchasing an additional 144 shares in the last quarter. Finally, WESPAC Advisors LLC lifted its holdings in Phillips 66 by 5.9% in the 4th quarter. WESPAC Advisors LLC now owns 4,185 shares of the oil and gas company’s stock worth $477,000 after purchasing an additional 235 shares in the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on PSX shares. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Mizuho lowered their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. UBS Group lowered their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Phillips 66 has an average rating of “Moderate Buy” and an average target price of $148.00.

Phillips 66 Stock Down 2.1 %

Shares of PSX opened at $128.78 on Monday. The stock has a market capitalization of $53.18 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The business’s 50 day simple moving average is $119.17 and its 200-day simple moving average is $127.03. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08.

Phillips 66 (NYSE:PSX) last released its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share 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 in the prior year, the company posted $3.09 EPS. As a group, equities analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, February 24th. Phillips 66’s dividend payout ratio is currently 93.12%.

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.