Mufg Securities Americas Inc. Purchases Shares of 6,097 Phillips 66 (NYSE:PSX)

Mufg Securities Americas Inc. bought a new position in shares of Phillips 66 (NYSE:PSX - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,097 shares of the oil and gas company's stock, valued at approximately $695,000.

Several other large investors have also made changes to their positions in PSX. Bogart Wealth LLC raised its stake in 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 last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Phillips 66 during the 4th quarter worth about $25,000. Stephens Consulting LLC increased 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 worth $28,000 after purchasing an additional 111 shares during the last quarter. Graney & King LLC acquired a new stake in shares of Phillips 66 during the 4th quarter worth about $28,000. Finally, Human Investing LLC purchased a new position in Phillips 66 during the 4th quarter valued at about $30,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PSX has been the subject of several recent research reports. Barclays lifted their price objective on Phillips 66 from $106.00 to $115.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Scotiabank decreased their target price on Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company reduced their price objective 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. StockNews.com raised Phillips 66 from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Finally, Mizuho upped their price objective on Phillips 66 from $132.00 to $138.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Phillips 66 presently has an average rating of "Moderate Buy" and a consensus price target of $137.86.

Phillips 66 Trading Up 0.7%

NYSE PSX traded up $0.92 during trading hours on Friday, hitting $125.69. 3,242,816 shares of the company's stock were exchanged, compared to its average volume of 2,961,247. The business's 50 day moving average is $111.61 and its 200-day moving average is $119.23. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $150.12. The firm has a market capitalization of $51.21 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 4.84 and a beta of 1.01. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

Phillips 66 (NYSE:PSX - Get Free Report) last released its 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 for the quarter, compared to analysts' expectations of $31.93 billion. During the same quarter last year, the company posted $1.90 earnings per share. As a group, analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a dividend of $1.20 per share. The ex-dividend date is Monday, May 19th. This is an increase from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 3.82%. Phillips 66's dividend payout ratio is 109.34%.

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.