MV Capital Management Inc. Has $109,000 Position in Phillips 66 (NYSE:PSX)

MV Capital Management Inc. boosted its stake in Phillips 66 (NYSE:PSX) by 23.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 956 shares of the oil and gas company’s stock after buying an additional 181 shares during the period. MV Capital Management Inc.’s holdings in Phillips 66 were worth $109,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PSX. Bogart Wealth LLC grew its holdings in Phillips 66 by 120.0% in the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 120 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in shares of Phillips 66 in the fourth quarter valued at about $25,000. Stephens Consulting LLC increased its position in Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 111 shares during the period. Graney & King LLC bought a new position in Phillips 66 during the fourth quarter worth about $28,000. Finally, Human Investing LLC acquired a new stake in Phillips 66 in the 4th quarter worth about $30,000. 76.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PSX has been the topic of several recent research reports. 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. Barclays lifted their price target on Phillips 66 from $115.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, March 14th. Wells Fargo & Company upped their price objective on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. The Goldman Sachs Group lowered Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price objective on the stock. in a research note on Thursday. Finally, StockNews.com downgraded Phillips 66 from a “hold” rating to a “sell” rating in a research note on Sunday, March 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and an average price target of $146.43.

Phillips 66 Price Performance

Shares of PSX opened at $121.67 on Friday. The business has a 50-day moving average of $124.76 and a 200-day moving average of $125.52. Phillips 66 has a 1 year low of $108.91 and a 1 year high of $174.08. The company has a market capitalization of $49.60 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31. 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 issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (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 company posted $3.09 earnings per share. As a group, equities research analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66’s dividend payout ratio (DPR) is presently 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.