Two Sigma Advisers LP Makes New Investment in Phillips 66 (NYSE:PSX)

Two Sigma Advisers LP acquired a new position in shares of Phillips 66 (NYSE:PSX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 50,700 shares of the oil and gas company's stock, valued at approximately $5,776,000.

Other large investors also recently made changes to their positions in the company. NewEdge Wealth LLC increased its holdings in Phillips 66 by 0.5% in the 4th quarter. NewEdge Wealth LLC now owns 15,199 shares of the oil and gas company's stock valued at $1,732,000 after purchasing an additional 81 shares in the last quarter. JBR Co Financial Management Inc grew its stake in shares of Phillips 66 by 0.9% in the fourth quarter. JBR Co Financial Management Inc now owns 9,520 shares of the oil and gas company's stock valued at $1,085,000 after buying an additional 85 shares in the last quarter. Nwam LLC grew its stake in shares of Phillips 66 by 2.2% in the fourth quarter. Nwam LLC now owns 3,876 shares of the oil and gas company's stock valued at $442,000 after buying an additional 85 shares in the last quarter. Webster Bank N. A. raised its holdings in shares of Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company's stock valued at $31,000 after buying an additional 88 shares during the period. Finally, PFG Private Wealth Management LLC lifted its position in Phillips 66 by 7.7% during the 4th quarter. PFG Private Wealth Management LLC now owns 1,233 shares of the oil and gas company's stock worth $140,000 after acquiring an additional 88 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company's stock.

Phillips 66 Stock Performance

NYSE:PSX traded up $1.98 during mid-day trading on Thursday, hitting $114.75. The stock had a trading volume of 1,400,725 shares, compared to its average volume of 3,547,660. The company has a 50 day simple moving average of $109.74 and a 200-day simple moving average of $118.78. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $150.12. The stock has a market capitalization of $46.75 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 4.84 and a beta of 1.01. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

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

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 4.18%. 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. Phillips 66's payout ratio is presently 109.34%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PSX shares. Wall Street Zen raised shares of Phillips 66 from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. The Goldman Sachs Group lowered shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price target for the company. in a report on Thursday, March 27th. UBS Group dropped their price target on shares of Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Raymond James cut their price objective on shares of Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Phillips 66 from $138.00 to $131.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $137.86.

Insider Transactions at Phillips 66

In other Phillips 66 news, Director Robert W. Pease bought 439 shares of the stock in a transaction on Thursday, May 22nd. The shares were purchased at an average price of $113.85 per share, with a total value of $49,980.15. Following the acquisition, the director now directly owns 4,091 shares of the company's stock, valued at $465,760.35. This represents a 12.02% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.22% of the stock is owned by insiders.

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.