UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $288.86 Million Stock Holdings in Phillips 66 (NYSE:PSX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Phillips 66 (NYSE:PSX - Free Report) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,535,417 shares of the oil and gas company's stock after purchasing an additional 14,572 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.61% of Phillips 66 worth $288,860,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PSX. USS Investment Management Ltd increased its position in shares of Phillips 66 by 200.0% during the fourth quarter. USS Investment Management Ltd now owns 115,794 shares of the oil and gas company's stock worth $13,190,000 after acquiring an additional 77,194 shares in the last quarter. Waverly Advisors LLC boosted its stake in Phillips 66 by 41.6% in the 4th quarter. Waverly Advisors LLC now owns 7,338 shares of the oil and gas company's stock worth $836,000 after purchasing an additional 2,156 shares during the period. Williams Jones Wealth Management LLC. increased its holdings in Phillips 66 by 2.1% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 12,112 shares of the oil and gas company's stock worth $1,380,000 after purchasing an additional 250 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Phillips 66 in the 4th quarter valued at about $2,826,000. Finally, Vident Advisory LLC lifted its holdings in shares of Phillips 66 by 1.4% in the fourth quarter. Vident Advisory LLC now owns 12,062 shares of the oil and gas company's stock valued at $1,374,000 after purchasing an additional 167 shares in the last quarter. 76.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PSX has been the subject of a number of research reports. Scotiabank decreased their price objective on Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Wells Fargo & Company decreased their price target on shares of Phillips 66 from $162.00 to $149.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. JPMorgan Chase & Co. lowered their price objective on shares of Phillips 66 from $138.00 to $131.00 and set an "overweight" rating on the stock in a report on Tuesday, April 29th. Raymond James reduced their target price on shares of Phillips 66 from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, TD Cowen raised their target price on shares of Phillips 66 from $114.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Phillips 66 has an average rating of "Moderate Buy" and an average target price of $137.86.

Phillips 66 Stock Performance

PSX stock traded up $1.10 during trading hours on Tuesday, reaching $114.23. The stock had a trading volume of 599,159 shares, compared to its average volume of 2,993,966. The stock has a 50-day simple moving average of $110.28 and a 200 day simple moving average of $118.86. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $150.12. The stock has a market capitalization of $46.54 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 4.84 and a beta of 1.01. 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 - Get Free Report) last issued its earnings results on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. The firm had revenue of $31.92 billion during the quarter, compared to the consensus estimate of $31.93 billion. During the same period in the previous year, the company posted $1.90 earnings per share. Analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a $1.20 dividend. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.80 annualized dividend and a yield of 4.20%. Phillips 66's dividend payout ratio is currently 109.34%.

Phillips 66 Company 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.