Marshall & Sterling Wealth Advisors Inc. Takes $299,000 Position in Phillips 66 (NYSE:PSX)

Marshall & Sterling Wealth Advisors Inc. acquired a new position in Phillips 66 (NYSE:PSX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,627 shares of the oil and gas company's stock, valued at approximately $299,000.

Several other large investors have also made changes to their positions in PSX. Oppenheimer & Co. Inc. raised its stake in Phillips 66 by 10.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company's stock valued at $5,349,000 after purchasing an additional 4,515 shares during the last quarter. Flavin Financial Services Inc. bought a new position in Phillips 66 during the fourth quarter valued at about $1,190,000. Everence Capital Management Inc. acquired a new position in Phillips 66 in the 4th quarter valued at approximately $3,033,000. Donoghue Forlines LLC bought a new stake in shares of Phillips 66 in the 4th quarter worth approximately $1,438,000. Finally, Smith Group Asset Management LLC acquired a new stake in shares of Phillips 66 during the 4th quarter worth approximately $1,149,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on Phillips 66 from $138.00 to $131.00 and set an "overweight" rating for the company in a research report on Tuesday. UBS Group decreased their target price on shares of Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. The Goldman Sachs Group cut shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price on the stock. in a research note on Thursday, March 27th. Mizuho cut their price target on shares of Phillips 66 from $140.00 to $132.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, StockNews.com upgraded Phillips 66 from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $136.36.

Phillips 66 Trading Up 3.5 %

NYSE:PSX traded up $3.62 on Friday, hitting $107.08. 2,587,177 shares of the stock were exchanged, compared to its average volume of 2,892,527. The stock has a market capitalization of $43.63 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 4.84 and a beta of 1.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $150.12. The company's 50-day moving average price is $113.45 and its 200 day moving average price is $120.22.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.97). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. The business had revenue of $31.92 billion during the quarter, compared to analyst estimates of $31.93 billion. During the same quarter in the prior year, the company earned $1.90 earnings per share. On average, equities research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a $1.20 dividend. This is a boost from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Monday, May 19th. Phillips 66's payout ratio is currently 109.34%.

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.