Focus Partners Wealth Grows Stock Holdings in Phillips 66 (NYSE:PSX)

Focus Partners Wealth lifted its holdings in shares of Phillips 66 (NYSE:PSX - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 400,379 shares of the oil and gas company's stock after acquiring an additional 68,755 shares during the period. Focus Partners Wealth owned approximately 0.10% of Phillips 66 worth $45,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PSX. Ethic Inc. boosted its stake in shares of Phillips 66 by 237.2% in the 4th quarter. Ethic Inc. now owns 9,095 shares of the oil and gas company's stock worth $1,036,000 after buying an additional 6,398 shares during the last quarter. Fiduciary Trust Co grew its holdings in shares of Phillips 66 by 4.9% in the fourth quarter. Fiduciary Trust Co now owns 12,014 shares of the oil and gas company's stock valued at $1,369,000 after acquiring an additional 561 shares in the last quarter. First Manhattan CO. LLC. grew its holdings in shares of Phillips 66 by 70.3% in the fourth quarter. First Manhattan CO. LLC. now owns 26,459 shares of the oil and gas company's stock valued at $3,014,000 after acquiring an additional 10,926 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Phillips 66 by 9.7% in the fourth quarter. Deutsche Bank AG now owns 2,579,365 shares of the oil and gas company's stock valued at $293,867,000 after acquiring an additional 227,095 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Phillips 66 by 218.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,264 shares of the oil and gas company's stock valued at $1,169,000 after acquiring an additional 7,036 shares in the last quarter. 76.93% of the stock is owned by institutional investors.

Phillips 66 Stock Performance

Shares of Phillips 66 stock traded down $1.22 during trading hours on Wednesday, reaching $124.35. The company had a trading volume of 3,215,097 shares, compared to its average volume of 2,948,490. Phillips 66 has a one year low of $91.01 and a one year high of $150.12. The business has a fifty day simple moving average of $111.64 and a 200 day simple moving average of $119.22. 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 $50.66 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 4.84 and a beta of 1.01.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The oil and gas company reported ($0.90) EPS 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 the consensus estimate of $31.93 billion. During the same period in the previous year, the business earned $1.90 earnings per share. On average, analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $1.20 dividend. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, May 19th. Phillips 66's dividend payout ratio (DPR) is presently 109.34%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PSX. UBS Group reduced their target price on Phillips 66 from $144.00 to $140.00 and set a "buy" rating for the company in a report on Monday, April 28th. Barclays upped their target price on Phillips 66 from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Monday. Wells Fargo & Company reduced their target price on Phillips 66 from $162.00 to $149.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Raymond James reduced their price objective on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group lowered Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price objective for the company. in a report on Thursday, March 27th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $137.86.

Phillips 66 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.