Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Phillips 66 (NYSE:PSX)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Phillips 66 (NYSE:PSX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 287,819 shares of the oil and gas company's stock, valued at approximately $32,791,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Phillips 66 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PSX. Bogart Wealth LLC grew its stake in shares of Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 120 shares during the period. J.Safra Asset Management Corp bought a new position in shares of Phillips 66 during the 4th quarter worth $25,000. Pacific Center for Financial Services bought a new position in shares of Phillips 66 during the 4th quarter worth $27,000. Stephens Consulting LLC grew its stake in shares of Phillips 66 by 83.5% during the 4th 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. Finally, Graney & King LLC bought a new position in shares of Phillips 66 during the 4th quarter worth $28,000. Institutional investors own 76.93% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PSX. UBS Group cut their price target on Phillips 66 from $144.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, April 28th. TD Cowen increased their price target on Phillips 66 from $114.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Morgan Stanley cut their price target on Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company cut their target price on Phillips 66 from $162.00 to $149.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. cut their target price on Phillips 66 from $138.00 to $131.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $135.62.

Phillips 66 Price Performance

Shares of NYSE:PSX traded down $1.37 on Friday, hitting $113.31. The company's stock had a trading volume of 4,559,842 shares, compared to its average volume of 3,013,715. The company has a 50-day simple moving average of $109.26 and a 200 day simple moving average of $118.51. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $150.12. The company has a market capitalization of $46.17 billion, a PE ratio of 22.94, a PEG 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 released its quarterly earnings results 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 analysts' expectations of $31.93 billion. During the same period in the previous year, the business earned $1.90 EPS. Sell-side analysts forecast that Phillips 66 will post 6.8 EPS 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. Shareholders of record on Monday, May 19th will be issued a $1.20 dividend. The ex-dividend date is Monday, May 19th. This represents a $4.80 annualized dividend and a dividend yield of 4.24%. This is a boost from Phillips 66's previous quarterly dividend of $1.15. Phillips 66's dividend payout ratio (DPR) is presently 109.34%.

Insider Buying and Selling at Phillips 66

In other news, Director Robert W. Pease acquired 439 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average cost of $113.85 per share, with a total value of $49,980.15. Following the acquisition, the director now owns 4,091 shares in the company, valued at approximately $465,760.35. This represents a 12.02% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.22% of the company's stock.

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.