Phillips 66 (NYSE:PSX) Shares Purchased by Savant Capital LLC

Savant Capital LLC increased its holdings in shares of Phillips 66 (NYSE:PSX) by 7.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,152 shares of the oil and gas company’s stock after acquiring an additional 980 shares during the period. Savant Capital LLC’s holdings in Phillips 66 were worth $1,612,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. nVerses Capital LLC acquired a new stake in shares of Phillips 66 during the 3rd quarter valued at about $26,000. Values First Advisors Inc. acquired a new stake in shares of Phillips 66 during the 3rd quarter valued at about $30,000. Stephens Consulting LLC grew its position in shares of Phillips 66 by 83.5% during the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 111 shares during the period. Webster Bank N. A. grew its position in shares of Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 88 shares during the period. Finally, YANKCOM Partnership acquired a new stake in shares of Phillips 66 during the 4th quarter valued at about $31,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on PSX. Mizuho lowered their price objective 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. Wells Fargo & Company lifted their price objective on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Bank of America began coverage on Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 price objective on the stock. Finally, StockNews.com cut Phillips 66 from a “hold” rating to a “sell” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.00.

Phillips 66 Trading Up 0.5 %

Shares of Phillips 66 stock opened at $125.70 on Friday. The stock has a market cap of $51.91 billion, a P/E ratio of 25.44, a P/E/G ratio of 5.64 and a beta of 1.37. The stock’s 50 day simple moving average is $118.83 and its 200-day simple moving average is $127.55. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) 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 quarter in the previous year, the business posted $3.09 EPS. Analysts predict that Phillips 66 will post 7.14 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently declared 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 3.66%. The ex-dividend date of this dividend is Monday, February 24th. Phillips 66’s payout ratio is presently 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.