Aster Capital Management DIFC Ltd Invests $1.67 Million in Phillips 66 (NYSE:PSX)

Aster Capital Management DIFC Ltd acquired a new stake in Phillips 66 (NYSE:PSX) during the 4th quarter, Holdings Channel reports. The fund acquired 14,651 shares of the oil and gas company’s stock, valued at approximately $1,669,000. Phillips 66 comprises approximately 0.6% of Aster Capital Management DIFC Ltd’s portfolio, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. raised its holdings in shares of Phillips 66 by 10.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company’s stock valued at $5,349,000 after purchasing an additional 4,515 shares during the last quarter. Flavin Financial Services Inc. bought a new position in Phillips 66 in the fourth quarter valued at $1,190,000. Everence Capital Management Inc. acquired a new stake in Phillips 66 in the 4th quarter valued at $3,033,000. Donoghue Forlines LLC bought a new stake in Phillips 66 during the 4th quarter worth about $1,438,000. Finally, Smith Group Asset Management LLC acquired a new position in shares of Phillips 66 during the 4th quarter worth about $1,149,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Mizuho lowered their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. The Goldman Sachs Group downgraded 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. StockNews.com cut Phillips 66 from a “hold” rating to a “sell” rating in a research note on Sunday, March 2nd. Wells Fargo & Company raised their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $146.43.

Phillips 66 Price Performance

NYSE:PSX opened at $98.65 on Friday. The firm’s fifty day moving average price is $124.24 and its two-hundred day moving average price is $125.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The company has a market cap of $40.22 billion, a P/E ratio of 19.97, a P/E/G ratio of 4.84 and a beta of 1.17. Phillips 66 has a one year low of $95.67 and a one year high of $171.41.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) 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 business posted $3.09 earnings per share. Equities analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a dividend of $1.15 per share. The ex-dividend date was Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.66%. Phillips 66’s dividend payout ratio (DPR) is currently 93.12%.

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.