Murphy & Mullick Capital Management Corp Invests $69,000 in Phillips 66 (NYSE:PSX)

Murphy & Mullick Capital Management Corp bought a new position in shares of Phillips 66 (NYSE:PSX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 603 shares of the oil and gas company’s stock, valued at approximately $69,000.

Several other hedge funds have also modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Phillips 66 by 113.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,703 shares of the oil and gas company’s stock worth $750,000 after buying an additional 3,030 shares during the period. Avestar Capital LLC boosted its stake in Phillips 66 by 5.1% in the 3rd quarter. Avestar Capital LLC now owns 1,885 shares of the oil and gas company’s stock worth $248,000 after purchasing an additional 92 shares during the period. Townsquare Capital LLC grew its position in Phillips 66 by 6.3% during the 3rd quarter. Townsquare Capital LLC now owns 24,125 shares of the oil and gas company’s stock worth $3,171,000 after purchasing an additional 1,427 shares in the last quarter. Cynosure Group LLC acquired a new stake in Phillips 66 during the 3rd quarter valued at $201,000. Finally, CreativeOne Wealth LLC lifted its holdings in shares of Phillips 66 by 43.9% in the third quarter. CreativeOne Wealth LLC now owns 3,697 shares of the oil and gas company’s stock valued at $486,000 after purchasing an additional 1,128 shares in the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PSX shares. The Goldman Sachs Group downgraded Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price target on the stock. in a report on Thursday. Barclays lifted their target price on Phillips 66 from $115.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, March 14th. Wells Fargo & Company increased their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Mizuho cut their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $146.43.

Phillips 66 Trading Down 1.3 %

Phillips 66 stock opened at $124.89 on Friday. Phillips 66 has a one year low of $108.91 and a one year high of $174.08. The company’s fifty day moving average price is $124.74 and its two-hundred day moving average price is $125.57. 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 capitalization of $50.92 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 4.84 and a beta of 1.31.

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 the consensus estimate 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 period last year, the company posted $3.09 EPS. On average, analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal 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 3.68%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66’s dividend payout ratio is 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.