Pinkerton Retirement Specialists LLC grew its holdings in shares of Phillips 66 (NYSE:PSX - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,956 shares of the oil and gas company's stock after acquiring an additional 2,601 shares during the period. Pinkerton Retirement Specialists LLC's holdings in Phillips 66 were worth $3,983,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of PSX. Bogart Wealth LLC raised its holdings in Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock valued at $25,000 after acquiring an additional 120 shares during the period. J.Safra Asset Management Corp purchased a new stake in Phillips 66 during the 4th quarter valued at about $25,000. Stephens Consulting LLC lifted its holdings in Phillips 66 by 83.5% in the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after buying an additional 111 shares during the period. Graney & King LLC purchased a new stake in Phillips 66 in the 4th quarter worth approximately $28,000. Finally, Human Investing LLC purchased a new stake in Phillips 66 in the 4th quarter worth approximately $30,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. Mizuho increased their target price on Phillips 66 from $132.00 to $138.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lowered their target price on Phillips 66 from $138.00 to $131.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 29th. Wall Street Zen upgraded Phillips 66 from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Scotiabank reduced their price objective on Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Finally, Morgan Stanley lowered their price target on Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $137.86.
Check Out Our Latest Stock Analysis on PSX
Phillips 66 Trading Up 1.6%
Shares of PSX stock traded up $1.78 during mid-day trading on Tuesday, reaching $114.91. The company's stock had a trading volume of 700,168 shares, compared to its average volume of 2,994,632. The company's 50 day simple moving average is $110.28 and its 200-day simple moving average is $118.86. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $150.12. 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 firm has a market capitalization of $46.82 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 4.84 and a beta of 1.01.
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). The company had revenue of $31.92 billion for the quarter, compared to analyst estimates of $31.93 billion. Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period in the prior year, the business earned $1.90 earnings per share. On average, research analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.
Phillips 66 Increases Dividend
The company 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. The ex-dividend date of this dividend is Monday, May 19th. This is an increase from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 4.18%. Phillips 66's dividend payout ratio (DPR) is currently 109.34%.
Phillips 66 Company Profile
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Free Report)
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.
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