DRW Securities LLC Buys 237 Shares of Phillips 66 (NYSE:PSX)

DRW Securities LLC raised its stake in Phillips 66 (NYSE:PSX) by 14.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,927 shares of the oil and gas company’s stock after purchasing an additional 237 shares during the quarter. DRW Securities LLC’s holdings in Phillips 66 were worth $220,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Morse Asset Management Inc purchased a new stake in shares of Phillips 66 in the third quarter worth about $493,000. Sunbelt Securities Inc. raised its holdings in shares of Phillips 66 by 41.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 4,027 shares of the oil and gas company’s stock worth $529,000 after acquiring an additional 1,171 shares in the last quarter. Arete Wealth Advisors LLC bought a new position in shares of Phillips 66 during the 3rd quarter valued at approximately $359,000. Invst LLC grew its holdings in shares of Phillips 66 by 2.4% in the third quarter. Invst LLC now owns 6,201 shares of the oil and gas company’s stock valued at $815,000 after purchasing an additional 145 shares in the last quarter. Finally, Advisory Resource Group increased its position in Phillips 66 by 4.3% in the third quarter. Advisory Resource Group now owns 241,527 shares of the oil and gas company’s stock worth $31,749,000 after purchasing an additional 9,930 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Up 0.2 %

NYSE PSX opened at $97.23 on Friday. The stock has a market cap of $39.64 billion, a PE ratio of 19.68, a PEG ratio of 4.84 and a beta of 1.17. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $166.47. The company’s 50-day moving average price is $120.96 and its 200-day moving average price is $123.55. 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 (NYSE:PSX) last issued its 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 return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the prior year, the company earned $3.09 earnings per share. Equities research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date was Monday, February 24th. Phillips 66’s dividend payout ratio (DPR) is presently 93.12%.

Analysts Set New Price Targets

Several research firms have commented on PSX. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. The Goldman Sachs Group lowered Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price target for the company. in a research report 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. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Barclays cut their target price on Phillips 66 from $135.00 to $106.00 and set an “equal weight” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and an average price target of $142.00.

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.