Westwood Holdings Group Inc. Boosts Stock Position in Phillips 66 (NYSE:PSX)

Westwood Holdings Group Inc. boosted its stake in shares of Phillips 66 (NYSE:PSX - Free Report) by 39.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,186 shares of the oil and gas company's stock after purchasing an additional 2,872 shares during the period. Westwood Holdings Group Inc.'s holdings in Phillips 66 were worth $1,160,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PSX. Bogart Wealth LLC raised its holdings in shares of Phillips 66 by 120.0% in the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock valued at $25,000 after purchasing an additional 120 shares during the period. J.Safra Asset Management Corp acquired a new stake in Phillips 66 during the fourth quarter worth approximately $25,000. Stephens Consulting LLC grew its stake in Phillips 66 by 83.5% during the fourth 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 in the last quarter. Graney & King LLC bought a new position in Phillips 66 in the fourth quarter valued at approximately $28,000. Finally, Human Investing LLC bought a new position in shares of Phillips 66 in the 4th quarter valued at $30,000. 76.93% of the stock is currently owned by institutional investors.

Phillips 66 Stock Performance

Shares of NYSE:PSX traded up $0.15 during trading on Monday, hitting $113.13. The company's stock had a trading volume of 2,248,680 shares, compared to its average volume of 3,003,366. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The firm has a market cap of $46.09 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 4.84 and a beta of 1.01. The company has a 50-day moving average of $110.60 and a 200-day moving average of $118.95. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $150.12.

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 return on equity of 8.58% and a net margin of 1.46%. The business had revenue of $31.92 billion during the quarter, compared to the consensus estimate of $31.93 billion. During the same quarter in the previous year, the business posted $1.90 earnings per share. On average, sell-side analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The business 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 dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 4.24%. The ex-dividend date is Monday, May 19th. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. Phillips 66's payout ratio is currently 109.34%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PSX. The Goldman Sachs Group downgraded Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price for the company. in a research report on Thursday, March 27th. TD Cowen raised their target price on Phillips 66 from $114.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. JPMorgan Chase & Co. decreased their price target on shares of Phillips 66 from $138.00 to $131.00 and set an "overweight" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen raised shares of Phillips 66 from a "sell" rating to a "hold" rating in a research report on Monday, April 28th. Finally, UBS Group decreased their target price on Phillips 66 from $144.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Phillips 66 presently has an average rating of "Moderate Buy" and an average target price of $137.86.

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.