Aware Super Pty Ltd as trustee of Aware Super Makes New Investment in Phillips 66 (NYSE:PSX)

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Phillips 66 (NYSE:PSX) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 14,158 shares of the oil and gas company’s stock, valued at approximately $1,613,000.

Other institutional investors have also recently modified their holdings of the company. Morse Asset Management Inc acquired a new position in Phillips 66 in the 3rd quarter worth approximately $493,000. Invst LLC boosted its holdings in shares of Phillips 66 by 2.4% in the 3rd quarter. Invst LLC now owns 6,201 shares of the oil and gas company’s stock valued at $815,000 after acquiring an additional 145 shares during the last quarter. Advisory Resource Group boosted its holdings in shares of Phillips 66 by 4.3% in the 3rd quarter. Advisory Resource Group now owns 241,527 shares of the oil and gas company’s stock valued at $31,749,000 after acquiring an additional 9,930 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Phillips 66 in the third quarter worth $796,000. Finally, Arvest Bank Trust Division purchased a new position in shares of Phillips 66 during the third quarter worth $1,008,000. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Phillips 66 Stock Down 1.7 %

Shares of NYSE:PSX opened at $96.20 on Wednesday. The company has a market capitalization of $39.20 billion, a price-to-earnings ratio of 19.47, 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 $161.13. The business has a 50-day moving average price of $119.96 and a 200 day moving average price of $123.08. 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 announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the firm earned $3.09 EPS. Sell-side analysts expect that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 annualized dividend and a dividend yield of 4.78%. Phillips 66’s dividend payout ratio is currently 93.12%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays cut their price target on Phillips 66 from $135.00 to $106.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. StockNews.com cut Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. Mizuho lowered their price objective on Phillips 66 from $140.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a report on Friday, January 3rd. Finally, Wells Fargo & Company boosted their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus target price of $142.00.

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.