Millstone Evans Group LLC Purchases Shares of 481 Phillips 66 (NYSE:PSX)

Millstone Evans Group LLC purchased a new stake in shares of Phillips 66 (NYSE:PSX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 481 shares of the oil and gas company’s stock, valued at approximately $55,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Paragon Capital Management LLC raised its holdings in Phillips 66 by 2.8% during the fourth quarter. Paragon Capital Management LLC now owns 13,267 shares of the oil and gas company’s stock valued at $1,512,000 after acquiring an additional 359 shares during the period. Northwest & Ethical Investments L.P. raised its holdings in Phillips 66 by 41.7% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 20,952 shares of the oil and gas company’s stock valued at $2,387,000 after acquiring an additional 6,167 shares during the period. Wilkins Investment Counsel Inc. raised its holdings in Phillips 66 by 2.3% during the fourth quarter. Wilkins Investment Counsel Inc. now owns 16,549 shares of the oil and gas company’s stock valued at $1,885,000 after acquiring an additional 371 shares during the period. Teacher Retirement System of Texas grew its position in shares of Phillips 66 by 4,491.3% during the fourth quarter. Teacher Retirement System of Texas now owns 130,347 shares of the oil and gas company’s stock valued at $14,850,000 after purchasing an additional 127,508 shares in the last quarter. Finally, Arvest Investments Inc. grew its position in shares of Phillips 66 by 1.7% during the fourth quarter. Arvest Investments Inc. now owns 8,475 shares of the oil and gas company’s stock valued at $966,000 after purchasing an additional 143 shares in the last quarter. 76.93% of the stock is owned by institutional investors.

Phillips 66 Stock Down 2.6 %

Shares of NYSE PSX opened at $125.51 on Monday. 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 company has a market cap of $51.17 billion, a P/E ratio of 25.41, a PEG ratio of 4.84 and a beta of 1.31. Phillips 66 has a 1 year low of $108.91 and a 1 year high of $174.08. The firm has a 50-day simple moving average of $124.11 and a two-hundred day simple moving average of $125.60.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data 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 company posted $3.09 earnings per share. Research analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66’s payout ratio is currently 93.12%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PSX. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. StockNews.com lowered Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. Wells Fargo & Company raised their price objective on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Finally, Mizuho cut their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.54.

Phillips 66 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.