MetLife Investment Advisors LLC acquired a new stake in Phillips 66 (NYSE:PSX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 132,943 shares of the oil and gas company’s stock, valued at approximately $13,447,000.
Several other institutional investors have also made changes to their positions in the company. Farmers Trust Co. lifted its position in shares of Phillips 66 by 7.6% in the fourth quarter. Farmers Trust Co. now owns 6,837 shares of the oil and gas company’s stock valued at $691,000 after acquiring an additional 484 shares in the last quarter. Asset Advisors Corp lifted its position in shares of Phillips 66 by 1.5% in the fourth quarter. Asset Advisors Corp now owns 34,375 shares of the oil and gas company’s stock valued at $3,477,000 after acquiring an additional 500 shares in the last quarter. Duncker Streett & Co. Inc. lifted its position in shares of Phillips 66 by 20.3% in the fourth quarter. Duncker Streett & Co. Inc. now owns 2,963 shares of the oil and gas company’s stock valued at $300,000 after acquiring an additional 500 shares in the last quarter. Bollard Group LLC lifted its position in shares of Phillips 66 by 1.5% in the fourth quarter. Bollard Group LLC now owns 38,988 shares of the oil and gas company’s stock valued at $3,944,000 after acquiring an additional 558 shares in the last quarter. Finally, Independent Advisor Alliance lifted its position in shares of Phillips 66 by 17.2% in the third quarter. Independent Advisor Alliance now owns 3,804 shares of the oil and gas company’s stock valued at $355,000 after acquiring an additional 559 shares in the last quarter. Institutional investors and hedge funds own 77.72% of the company’s stock.
Shares of Phillips 66 (NYSE PSX) opened at $94.40 on Tuesday. Phillips 66 has a 52-week low of $75.14 and a 52-week high of $107.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.42. The stock has a market capitalization of $44,686.04, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 1.63 and a beta of 1.18.
Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, February 2nd. The oil and gas company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.21. Phillips 66 had a return on equity of 9.18% and a net margin of 4.88%. The business had revenue of $30.12 billion for the quarter, compared to the consensus estimate of $30.71 billion. During the same period in the prior year, the business posted $0.16 earnings per share. equities research analysts predict that Phillips 66 will post 6.92 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Tuesday, February 20th were given a dividend of $0.70 per share. The ex-dividend date was Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.97%. Phillips 66’s dividend payout ratio (DPR) is presently 28.20%.
Several brokerages have recently commented on PSX. Citigroup boosted their price objective on Phillips 66 from $92.00 to $94.00 and gave the company a “neutral” rating in a research report on Tuesday, March 13th. Deutsche Bank decreased their target price on Phillips 66 from $106.00 to $102.00 and set a “hold” rating on the stock in a research report on Monday. Credit Suisse Group reiterated a “neutral” rating and issued a $110.00 target price on shares of Phillips 66 in a research report on Wednesday, March 7th. Vetr downgraded Phillips 66 from a “buy” rating to a “hold” rating and set a $97.16 target price on the stock. in a research report on Tuesday, November 21st. Finally, ValuEngine upgraded Phillips 66 from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. Phillips 66 currently has a consensus rating of “Hold” and an average price target of $103.37.
Phillips 66 Company Profile
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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