Jump Financial LLC Makes New $316,000 Investment in Phillips 66 (NYSE:PSX)

Jump Financial LLC purchased a new stake in Phillips 66 (NYSE:PSX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,770 shares of the oil and gas company's stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC raised its stake in shares of Phillips 66 by 120.0% during the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after buying an additional 120 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in Phillips 66 during the 4th quarter worth $25,000. Stephens Consulting LLC raised its position 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 valued at $28,000 after acquiring an additional 111 shares during the last quarter. Graney & King LLC acquired a new position in shares of Phillips 66 in the 4th quarter valued at $28,000. Finally, Human Investing LLC bought a new position in shares of Phillips 66 in the 4th quarter worth $30,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PSX has been the subject of a number of recent analyst reports. Piper Sandler downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Barclays lowered their price target on Phillips 66 from $135.00 to $106.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Scotiabank cut their price target on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. 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 report on Tuesday. Finally, Wells Fargo & Company cut their target price on shares of Phillips 66 from $162.00 to $149.00 and set an "overweight" rating on the stock in a report on Monday. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Phillips 66 presently has a consensus rating of "Moderate Buy" and an average target price of $136.36.

Phillips 66 Stock Up 2.5 %

PSX stock traded up $2.58 during trading hours on Friday, reaching $106.04. 518,682 shares of the stock were exchanged, compared to its average volume of 3,540,979. The firm's 50-day moving average is $113.83 and its 200-day moving average is $120.39. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $150.12. The company has a market cap of $43.20 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 4.84 and a beta of 1.17. 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 issued 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). The business had revenue of $31.92 billion for the quarter, compared to the consensus estimate 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, equities research analysts expect that Phillips 66 will post 6.8 earnings per share for the current 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 paid a $1.20 dividend. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 4.53%. The ex-dividend date is Monday, May 19th. Phillips 66's payout ratio is presently 109.34%.

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.