Phillips 66 (NYSE:PSX) Stake Raised by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC lifted its holdings in shares of Phillips 66 (NYSE:PSX) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,983 shares of the oil and gas company’s stock after buying an additional 107 shares during the period. Fort Sheridan Advisors LLC’s holdings in Phillips 66 were worth $340,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pallas Capital Advisors LLC increased its holdings in shares of Phillips 66 by 14.5% during the third quarter. Pallas Capital Advisors LLC now owns 2,284 shares of the oil and gas company’s stock valued at $294,000 after purchasing an additional 289 shares during the period. Diversify Advisory Services LLC grew its position in Phillips 66 by 35.2% in the 3rd quarter. Diversify Advisory Services LLC now owns 2,878 shares of the oil and gas company’s stock valued at $378,000 after buying an additional 750 shares in the last quarter. Mutual Advisors LLC increased its stake in Phillips 66 by 63.7% during the 3rd quarter. Mutual Advisors LLC now owns 14,551 shares of the oil and gas company’s stock valued at $1,870,000 after buying an additional 5,663 shares during the period. Pinnacle Associates Ltd. raised its position in shares of Phillips 66 by 0.9% during the 3rd quarter. Pinnacle Associates Ltd. now owns 34,961 shares of the oil and gas company’s stock worth $4,655,000 after buying an additional 306 shares in the last quarter. Finally, Financial Advocates Investment Management lifted its stake in shares of Phillips 66 by 2.7% in the 3rd quarter. Financial Advocates Investment Management now owns 10,806 shares of the oil and gas company’s stock worth $1,420,000 after acquiring an additional 286 shares during the period. 76.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

PSX has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Mizuho dropped their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Barclays cut their price target on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Stock Performance

Shares of PSX opened at $129.81 on Friday. The company has a 50-day moving average of $120.60 and a two-hundred day moving average of $126.86. The stock has a market cap of $52.92 billion, a price-to-earnings ratio of 26.28, a PEG 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. Phillips 66 has a one year low of $108.90 and a one year high of $174.08.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same quarter last year, the business posted $3.09 earnings per share. On average, equities research analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

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

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.