Private Capital Management LLC increased its holdings in shares of Phillips 66 (NYSE:PSX - Free Report) by 49.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 13,146 shares of the oil and gas company's stock after purchasing an additional 4,352 shares during the period. Private Capital Management LLC's holdings in Phillips 66 were worth $1,498,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the business. Bogart Wealth LLC lifted its position in shares of Phillips 66 by 120.0% during the 4th 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 period. J.Safra Asset Management Corp acquired a new stake in Phillips 66 in the fourth quarter worth about $25,000. Stephens Consulting LLC grew 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 buying an additional 111 shares during the period. Graney & King LLC bought a new stake in shares of Phillips 66 during the 4th quarter valued at $28,000. Finally, Human Investing LLC acquired a new position in Phillips 66 in the fourth quarter valued at about $30,000. 76.93% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on PSX. StockNews.com raised Phillips 66 from a "sell" rating to a "hold" rating in a research note on Monday, April 28th. Wells Fargo & Company cut their price objective on Phillips 66 from $162.00 to $149.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. UBS Group lowered their price target on shares of Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, April 28th. TD Cowen boosted their target price on shares of Phillips 66 from $114.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley reduced their target price 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. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Phillips 66 presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.86.
Check Out Our Latest Research Report on Phillips 66
Phillips 66 Price Performance
Shares of NYSE:PSX traded down $3.76 during trading on Monday, reaching $121.97. The company had a trading volume of 3,769,956 shares, compared to its average volume of 2,964,481. The stock has a market capitalization of $49.70 billion, a P/E ratio of 24.69, a price-to-earnings-growth ratio of 4.84 and a beta of 1.01. The company has a fifty day moving average of $111.61 and a two-hundred day moving average of $119.21. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $150.12.
Phillips 66 (NYSE:PSX - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $31.93 billion. During the same period in the previous year, the firm posted $1.90 earnings per share. Equities research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.
Phillips 66 Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.94%. This is a boost from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date is Monday, May 19th. Phillips 66's dividend payout ratio (DPR) is presently 109.34%.
About Phillips 66
(
Free Report)
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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