WESPAC Advisors LLC Buys 235 Shares of Phillips 66 (NYSE:PSX)

WESPAC Advisors LLC increased its stake in Phillips 66 (NYSE:PSX) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,185 shares of the oil and gas company’s stock after purchasing an additional 235 shares during the period. WESPAC Advisors LLC’s holdings in Phillips 66 were worth $477,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. JBR Co Financial Management Inc increased its position in shares of Phillips 66 by 0.9% in the fourth quarter. JBR Co Financial Management Inc now owns 9,520 shares of the oil and gas company’s stock worth $1,085,000 after purchasing an additional 85 shares during the period. First Horizon Advisors Inc. grew its position in Phillips 66 by 5.2% in the fourth quarter. First Horizon Advisors Inc. now owns 2,974 shares of the oil and gas company’s stock valued at $339,000 after acquiring an additional 148 shares during the last quarter. Pinnacle Financial Partners Inc grew its position in Phillips 66 by 11.0% in the fourth quarter. Pinnacle Financial Partners Inc now owns 6,413 shares of the oil and gas company’s stock valued at $749,000 after acquiring an additional 637 shares during the last quarter. Navellier & Associates Inc. grew its position in Phillips 66 by 10.6% in the fourth quarter. Navellier & Associates Inc. now owns 52,830 shares of the oil and gas company’s stock valued at $6,019,000 after acquiring an additional 5,071 shares during the last quarter. Finally, Bell Bank grew its position in Phillips 66 by 11.5% in the fourth quarter. Bell Bank now owns 2,644 shares of the oil and gas company’s stock valued at $301,000 after acquiring an additional 272 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Price Performance

Phillips 66 stock opened at $128.78 on Friday. The stock’s 50 day moving average is $119.17 and its 200 day moving average is $127.07. 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 firm has a market cap of $53.18 billion, a P/E ratio of 26.07, a P/E/G ratio of 4.84 and a beta of 1.37. Phillips 66 has a one year low of $108.90 and a one year 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) 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 period last year, the business earned $3.09 earnings per share. As a group, research analysts expect that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Monday, February 24th. Phillips 66’s dividend payout ratio is currently 93.12%.

Wall Street Analyst Weigh In

PSX has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their target price on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Barclays decreased their target price on 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 cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. StockNews.com upgraded Phillips 66 from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Mizuho decreased 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. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

About Phillips 66

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.