575 Shares in Phillips 66 (NYSE:PSX) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC acquired a new position in shares of Phillips 66 (NYSE:PSX) in the 4th quarter, Holdings Channel.com reports. The firm acquired 575 shares of the oil and gas company’s stock, valued at approximately $66,000.

Other large investors also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of Phillips 66 in the 3rd quarter worth $26,000. Stephens Consulting LLC lifted its stake in Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 111 shares during the period. Values First Advisors Inc. bought a new position in Phillips 66 during the third quarter worth about $30,000. Webster Bank N. A. grew its position in shares of Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after buying an additional 88 shares during the period. Finally, YANKCOM Partnership bought a new stake in shares of Phillips 66 in the 4th quarter valued at about $31,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Up 0.5 %

NYSE:PSX opened at $125.70 on Friday. The company has a market cap of $51.91 billion, a PE ratio of 25.44, a PEG ratio of 5.64 and a beta of 1.37. The stock has a 50-day simple moving average of $118.83 and a 200 day simple moving average of $127.55. 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 52-week low of $108.90 and a 52-week high of $174.08.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same quarter last year, the company earned $3.09 earnings per share. On average, sell-side analysts expect that Phillips 66 will post 7.14 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be given a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.66%. Phillips 66’s dividend payout ratio (DPR) is presently 93.12%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PSX. Wells Fargo & Company lifted their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Barclays reduced their price target on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Bank of America started coverage on Phillips 66 in a research note on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective on the stock. Finally, StockNews.com cut Phillips 66 from a “hold” rating to a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

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.