Corps Capital Advisors LLC Makes New $412,000 Investment in Phillips 66 (NYSE:PSX)

Corps Capital Advisors LLC bought a new position in shares of Phillips 66 (NYSE:PSX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 3,612 shares of the oil and gas company’s stock, valued at approximately $412,000.

Several other hedge funds have also recently bought and sold shares of the stock. Webster Bank N. A. raised its holdings in 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 worth $31,000 after buying an additional 88 shares during the period. Cobblestone Capital Advisors LLC NY raised its holdings in Phillips 66 by 0.5% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 17,548 shares of the oil and gas company’s stock worth $2,307,000 after buying an additional 89 shares during the period. Avestar Capital LLC raised its holdings in shares of Phillips 66 by 5.1% in the third quarter. Avestar Capital LLC now owns 1,885 shares of the oil and gas company’s stock valued at $248,000 after purchasing an additional 92 shares during the last quarter. Pinnacle Bancorp Inc. raised its holdings in shares of Phillips 66 by 3.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 2,535 shares of the oil and gas company’s stock valued at $289,000 after purchasing an additional 95 shares during the last quarter. Finally, Everpar Advisors LLC raised its holdings in shares of Phillips 66 by 2.5% in the fourth quarter. Everpar Advisors LLC now owns 4,005 shares of the oil and gas company’s stock valued at $456,000 after purchasing an additional 96 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Down 0.1 %

PSX stock opened at $130.12 on Thursday. 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 company has a market cap of $53.74 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 4.71 and a beta of 1.37. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08. The business has a 50-day simple moving average of $118.90 and a 200 day simple moving average of $127.10.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data 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 company posted $3.09 earnings per share. Sell-side analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Monday, February 24th. Phillips 66’s dividend payout ratio is currently 93.12%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PSX shares. Wolfe Research upgraded shares of 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. UBS Group lowered their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. StockNews.com downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a report on Friday, February 14th. Barclays lowered their target price on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, Mizuho lowered their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus price target of $148.00.

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.