Asset Management One Co. Ltd. Acquires 244 Shares of Phillips 66 (NYSE:PSX)

Asset Management One Co. Ltd. boosted its holdings in shares of Phillips 66 (NYSE:PSX) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,887 shares of the oil and gas company’s stock after acquiring an additional 244 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Phillips 66 were worth $17,889,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in shares of Phillips 66 in the 3rd quarter worth approximately $26,000. Stephens Consulting LLC lifted its position in shares of Phillips 66 by 83.5% in the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 111 shares during the period. Values First Advisors Inc. acquired a new position in shares of Phillips 66 in the 3rd quarter worth approximately $30,000. Webster Bank N. A. lifted its position 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 purchasing an additional 88 shares during the period. Finally, YANKCOM Partnership acquired a new position in shares of Phillips 66 in the 4th quarter worth approximately $31,000. 76.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PSX. Wells Fargo & Company boosted 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 upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. StockNews.com downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Friday. Barclays dropped their target price on shares of 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. Finally, UBS Group dropped their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.00.

Phillips 66 Stock Performance

NYSE PSX opened at $128.24 on Friday. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. 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 $52.96 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 5.64 and a beta of 1.37. The company has a fifty day moving average price of $118.74 and a 200-day moving average price of $127.45.

Phillips 66 (NYSE:PSX) last posted its 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 return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the prior year, the business posted $3.09 earnings per share. As a group, equities research analysts predict that Phillips 66 will post 7.14 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

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 given a dividend of $1.15 per share. The ex-dividend date is Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.59%. Phillips 66’s payout ratio is currently 93.12%.

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.