JBR Co Financial Management Inc Acquires 85 Shares of Phillips 66 (NYSE:PSX)

JBR Co Financial Management Inc increased its holdings in shares of Phillips 66 (NYSE:PSX) by 0.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,520 shares of the oil and gas company’s stock after purchasing an additional 85 shares during the quarter. JBR Co Financial Management Inc’s holdings in Phillips 66 were worth $1,085,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Webster Bank N. A. increased its stake in Phillips 66 by 48.4% during 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 in the last quarter. Cobblestone Capital Advisors LLC NY increased its stake in Phillips 66 by 0.5% during 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 purchasing an additional 89 shares in the last quarter. Avestar Capital LLC increased its stake in Phillips 66 by 5.1% during 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 in the last quarter. Pinnacle Bancorp Inc. increased its stake in Phillips 66 by 3.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,535 shares of the oil and gas company’s stock worth $289,000 after purchasing an additional 95 shares in the last quarter. Finally, Everpar Advisors LLC grew its stake in shares of Phillips 66 by 2.5% during 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 in the last quarter. 76.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PSX. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research note on Friday, January 3rd. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Wells Fargo & Company raised their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. StockNews.com raised shares of Phillips 66 from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group decreased their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Phillips 66 Trading Down 2.1 %

NYSE PSX opened at $128.78 on Friday. The stock has a 50 day moving average of $119.17 and a 200-day moving average of $127.07. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The company has a market cap of $53.18 billion, a PE ratio of 26.07, a PEG ratio of 4.84 and a beta of 1.37. 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 (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, equities research analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.57%. The ex-dividend date is Monday, February 24th. Phillips 66’s dividend payout ratio is 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.