Janus Henderson Group PLC Increases Stock Position in Phillips 66 (NYSE:PSX)

Janus Henderson Group PLC boosted its position in Phillips 66 (NYSE:PSX - Free Report) by 20.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 275,569 shares of the oil and gas company's stock after buying an additional 47,404 shares during the period. Janus Henderson Group PLC owned approximately 0.07% of Phillips 66 worth $31,392,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PSX. Bogart Wealth LLC lifted its holdings in Phillips 66 by 120.0% in the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock valued at $25,000 after buying an additional 120 shares during the period. J.Safra Asset Management Corp acquired a new position in shares of Phillips 66 during the fourth quarter valued at about $25,000. Stephens Consulting LLC raised its holdings in shares of Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 111 shares during the period. Graney & King LLC acquired a new position in shares of Phillips 66 during the fourth quarter valued at about $28,000. Finally, Human Investing LLC acquired a new position in shares of Phillips 66 during the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PSX shares. Wells Fargo & Company dropped their price objective on shares of Phillips 66 from $162.00 to $149.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Scotiabank dropped their price objective on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Morgan Stanley dropped their price objective on shares of Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Mizuho upped their price objective on shares of Phillips 66 from $132.00 to $138.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Finally, UBS Group decreased their target price on shares of Phillips 66 from $144.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $137.86.

Phillips 66 Stock Up 0.7%

PSX stock traded up $0.92 during trading on Friday, reaching $125.69. The stock had a trading volume of 3,242,816 shares, compared to its average volume of 2,961,247. Phillips 66 has a one year low of $91.01 and a one year high of $150.12. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company's 50 day moving average is $111.61 and its two-hundred day moving average is $119.23. The company has a market capitalization of $51.21 billion, a price-to-earnings ratio of 25.44, a P/E/G ratio of 4.84 and a beta of 1.01.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share (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 firm 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 company posted $1.90 earnings per share. Equities research analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a dividend of $1.20 per share. This is an increase 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 3.82%. The ex-dividend date of this dividend is Monday, May 19th. Phillips 66's dividend payout ratio is currently 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.