Alpha DNA Investment Management LLC Buys 233 Shares of Phillips 66 (NYSE:PSX)

Alpha DNA Investment Management LLC grew its stake in shares of Phillips 66 (NYSE:PSX) by 8.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,889 shares of the oil and gas company’s stock after purchasing an additional 233 shares during the period. Alpha DNA Investment Management LLC’s holdings in Phillips 66 were worth $380,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Larson Financial Group LLC lifted its position in Phillips 66 by 17.2% during the 3rd quarter. Larson Financial Group LLC now owns 4,533 shares of the oil and gas company’s stock valued at $596,000 after acquiring an additional 664 shares during the period. Sompo Asset Management Co. Ltd. lifted its position in Phillips 66 by 3.2% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 4,190 shares of the oil and gas company’s stock valued at $551,000 after acquiring an additional 130 shares during the period. WESPAC Advisors LLC lifted its position in Phillips 66 by 6.0% during the 3rd quarter. WESPAC Advisors LLC now owns 3,950 shares of the oil and gas company’s stock valued at $519,000 after acquiring an additional 222 shares during the period. Algert Global LLC purchased a new position in Phillips 66 during the 3rd quarter valued at about $3,547,000. Finally, Kingsview Wealth Management LLC lifted its position in Phillips 66 by 0.5% during the 3rd quarter. Kingsview Wealth Management LLC now owns 40,514 shares of the oil and gas company’s stock valued at $5,326,000 after acquiring an additional 215 shares during the period. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Shares of PSX stock opened at $133.27 on Monday. The company has a 50 day moving average price of $130.28 and a 200-day moving average price of $135.27. Phillips 66 has a 52 week low of $117.32 and a 52 week high of $174.08. The firm has a market capitalization of $55.04 billion, a PE ratio of 17.11, a P/E/G ratio of 4.40 and a beta of 1.33. 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 (NYSE:PSX) last announced its quarterly earnings results 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 analyst estimates of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $4.63 earnings per share. As a group, equities research analysts expect that Phillips 66 will post 7.57 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $1.15 per share. The ex-dividend date is Monday, November 18th. This represents a $4.60 annualized dividend and a yield of 3.45%. Phillips 66’s dividend payout ratio (DPR) is 59.05%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Scotiabank lowered their price target on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. UBS Group lowered their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Wells Fargo & Company decreased their target price on shares of Phillips 66 from $182.00 to $167.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Mizuho decreased their target price on shares of Phillips 66 from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Finally, Morgan Stanley decreased their target price on shares of Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating for the company in a report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.69.

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.