Phillips 66 (NYSE:PSX) Stock Holdings Lifted by Aquatic Capital Management LLC

Aquatic Capital Management LLC raised its stake in Phillips 66 (NYSE:PSX - Free Report) by 22.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,393 shares of the oil and gas company's stock after buying an additional 15,693 shares during the period. Aquatic Capital Management LLC's holdings in Phillips 66 were worth $9,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PSX shares. StockNews.com raised shares of Phillips 66 from a "sell" rating to a "hold" rating in a research note on Monday. Wells Fargo & Company lowered their target price on shares of Phillips 66 from $162.00 to $149.00 and set an "overweight" rating on the stock in a research note on Monday. The Goldman Sachs Group cut shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price target for the company. in a research note on Thursday, March 27th. Wolfe Research raised Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Finally, Morgan Stanley cut their price objective on Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $136.36.

Phillips 66 Trading Down 0.6 %

Phillips 66 stock traded down $0.58 during trading on Thursday, reaching $103.49. The company had a trading volume of 1,147,064 shares, compared to its average volume of 2,884,418. 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 has a 12-month low of $91.01 and a 12-month high of $150.12. The stock's 50 day moving average price is $114.30 and its two-hundred day moving average price is $120.61. The firm has a market capitalization of $42.16 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 4.84 and a beta of 1.17.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly earnings data 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 net margin of 1.46% and a return on equity of 8.58%. 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 prior year, the firm earned $1.90 earnings per share. As a group, equities analysts expect that Phillips 66 will post 6.8 earnings per share 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 given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 4.64%. This is an increase from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date is Monday, May 19th. 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.