Measured Risk Portfolios Inc. Buys Shares of 3,325 Phillips 66 (NYSE:PSX)

Measured Risk Portfolios Inc. bought a new position in Phillips 66 (NYSE:PSX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,325 shares of the oil and gas company's stock, valued at approximately $379,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PSX. Price T Rowe Associates Inc. MD lifted its holdings in shares of Phillips 66 by 283.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,026,649 shares of the oil and gas company's stock valued at $686,618,000 after acquiring an additional 4,455,220 shares during the last quarter. Norges Bank purchased a new stake in shares of Phillips 66 during the fourth quarter worth about $497,648,000. Raymond James Financial Inc. purchased a new position in shares of Phillips 66 in the fourth quarter worth $168,790,000. Capitolis Liquid Global Markets LLC purchased a new position in shares of Phillips 66 during the 4th quarter valued at about $142,185,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Phillips 66 by 157.6% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,541,240 shares of the oil and gas company's stock worth $175,593,000 after buying an additional 942,922 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PSX. Mizuho reduced their price objective on Phillips 66 from $140.00 to $132.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley dropped their price objective on Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. TD Cowen reduced their price target on shares of Phillips 66 from $127.00 to $114.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Raymond James decreased their price target 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, Barclays lifted their price target on Phillips 66 from $106.00 to $115.00 and gave the company an "equal weight" rating in a research note on Monday. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $137.00.

Phillips 66 Price Performance

PSX stock opened at $118.67 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The stock has a market cap of $48.35 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 4.84 and a beta of 1.01. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $150.12. The stock has a 50-day moving average price of $111.58 and a two-hundred day moving average price of $119.18.

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

Phillips 66 Increases Dividend

The company also recently announced 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. 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 4.04%. The ex-dividend date of this dividend is Monday, May 19th. Phillips 66's dividend payout ratio (DPR) is currently 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.

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