Bank of Jackson Hole Trust Makes New Investment in Phillips 66 (NYSE:PSX)

Bank of Jackson Hole Trust bought a new position in shares of Phillips 66 (NYSE:PSX) during the 4th quarter, Holdings Channel.com reports. The fund bought 604 shares of the oil and gas company’s stock, valued at approximately $69,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PSX. Webster Bank N. A. grew its holdings in shares of Phillips 66 by 48.4% in the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 88 shares during the period. Cobblestone Capital Advisors LLC NY grew its holdings in shares of Phillips 66 by 0.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 17,548 shares of the oil and gas company’s stock worth $2,307,000 after acquiring an additional 89 shares during the period. Avestar Capital LLC grew its holdings in shares of 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 acquiring an additional 92 shares during the period. Pinnacle Bancorp Inc. grew its holdings in shares of Phillips 66 by 3.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,535 shares of the oil and gas company’s stock worth $289,000 after acquiring an additional 95 shares during the period. Finally, Everpar Advisors LLC grew its holdings in shares of Phillips 66 by 2.5% in the 4th quarter. Everpar Advisors LLC now owns 4,005 shares of the oil and gas company’s stock worth $456,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PSX. Mizuho lowered their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Friday, January 3rd. UBS Group reduced their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company upped their target price on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $148.00.

Phillips 66 Trading Down 0.1 %

Shares of PSX opened at $130.12 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $53.74 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 4.71 and a beta of 1.37. The stock’s fifty day simple moving average is $118.90 and its 200 day simple moving average is $127.10. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08.

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

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.54%. Phillips 66’s dividend payout ratio is currently 93.12%.

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.