HL Financial Services LLC lifted its stake in Phillips 66 (NYSE:PSX) by 18.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,741 shares of the oil and gas company’s stock after acquiring an additional 5,012 shares during the quarter. HL Financial Services LLC’s holdings in Phillips 66 were worth $2,734,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd increased its position in shares of Phillips 66 by 16.4% in the third quarter. IFM Investors Pty Ltd now owns 23,215 shares of the oil and gas company’s stock valued at $2,617,000 after acquiring an additional 3,268 shares during the last quarter. Terra Nova Asset Management LLC increased its position in shares of Phillips 66 by 103.3% in the third quarter. Terra Nova Asset Management LLC now owns 5,805 shares of the oil and gas company’s stock valued at $654,000 after acquiring an additional 2,950 shares during the last quarter. RNC Capital Management LLC increased its position in shares of Phillips 66 by 1.2% in the third quarter. RNC Capital Management LLC now owns 379,353 shares of the oil and gas company’s stock valued at $42,761,000 after acquiring an additional 4,409 shares during the last quarter. Charter Trust Co. increased its position in shares of Phillips 66 by 5.7% in the third quarter. Charter Trust Co. now owns 11,071 shares of the oil and gas company’s stock valued at $1,248,000 after acquiring an additional 595 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Phillips 66 by 2.6% in the third quarter. Toronto Dominion Bank now owns 283,003 shares of the oil and gas company’s stock valued at $31,893,000 after acquiring an additional 7,187 shares during the last quarter. 70.02% of the stock is currently owned by institutional investors and hedge funds.
PSX has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on Phillips 66 from $140.00 to $120.00 and set a “hold” rating on the stock in a research report on Tuesday, November 20th. Raymond James lowered their price target on Phillips 66 from $139.00 to $135.00 and set an “outperform” rating on the stock in a research report on Monday, October 29th. Zacks Investment Research raised Phillips 66 from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Monday, November 26th. Tudor Pickering raised Phillips 66 from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Finally, ValuEngine downgraded Phillips 66 from a “hold” rating to a “sell” rating in a research report on Friday, November 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Phillips 66 presently has a consensus rating of “Hold” and an average target price of $121.08.
Shares of NYSE PSX opened at $96.75 on Wednesday. The company has a market cap of $44.26 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 1.28. Phillips 66 has a twelve month low of $78.44 and a twelve month high of $123.97.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, February 8th. The oil and gas company reported $4.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $2.11. The firm had revenue of $29.84 billion for the quarter, compared to the consensus estimate of $35.51 billion. Phillips 66 had a return on equity of 22.18% and a net margin of 4.90%. During the same quarter in the previous year, the business earned $1.07 earnings per share. On average, analysts anticipate that Phillips 66 will post 8.49 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Tuesday, February 19th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, February 15th. Phillips 66’s dividend payout ratio is presently 27.33%.
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Phillips 66 Company Profile
Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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