Unigestion Holding SA Purchases 30,105 Shares of Phillips 66 (NYSE:PSX)

Unigestion Holding SA increased its position in shares of Phillips 66 (NYSE:PSX) by 729.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,231 shares of the oil and gas company’s stock after acquiring an additional 30,105 shares during the period. Unigestion Holding SA’s holdings in Phillips 66 were worth $4,500,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in Phillips 66 by 263.3% during the 3rd quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock worth $10,753,000 after buying an additional 60,355 shares during the period. M&G Plc bought a new position in shares of Phillips 66 during the second quarter valued at $3,596,000. Mizuho Securities USA LLC lifted its holdings in shares of Phillips 66 by 7,549.0% during the third quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after purchasing an additional 2,467,316 shares during the period. Nwam LLC bought a new stake in shares of Phillips 66 in the third quarter worth $498,000. Finally, Olympiad Research LP acquired a new stake in Phillips 66 in the third quarter valued at $607,000. 76.93% of the stock is currently owned by institutional investors.

Phillips 66 Price Performance

Shares of NYSE:PSX opened at $125.59 on Wednesday. The stock’s 50 day moving average is $130.81 and its 200-day moving average is $134.30. Phillips 66 has a twelve month low of $119.77 and a twelve month high of $174.08. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $51.87 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 4.24 and a beta of 1.35.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. The firm had revenue of $36.16 billion for 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 quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the firm earned $4.63 earnings per share. Sell-side analysts forecast that Phillips 66 will post 7.59 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Monday, November 18th. Phillips 66’s dividend payout ratio is currently 59.05%.

Wall Street Analyst Weigh In

PSX has been the topic of several recent research reports. Wells Fargo & Company cut their target price on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a report on Monday. TD Cowen cut their price objective on Phillips 66 from $162.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Bank of America began coverage on Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Finally, UBS Group reduced their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.23.

Phillips 66 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.