Phillips 66 (NYSE:PSX) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its stake in Phillips 66 (NYSE:PSX) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,472 shares of the oil and gas company’s stock after buying an additional 267 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Phillips 66 were worth $15,093,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PSX. New Age Alpha Advisors LLC purchased a new position in Phillips 66 in the fourth quarter valued at $982,000. Norges Bank acquired a new stake in shares of Phillips 66 during the 4th quarter valued at about $497,648,000. NEOS Investment Management LLC grew its position in shares of Phillips 66 by 31.3% during the 4th quarter. NEOS Investment Management LLC now owns 26,087 shares of the oil and gas company’s stock valued at $2,972,000 after acquiring an additional 6,221 shares during the period. UniSuper Management Pty Ltd increased its stake in shares of Phillips 66 by 25.5% in the 4th quarter. UniSuper Management Pty Ltd now owns 32,747 shares of the oil and gas company’s stock valued at $3,731,000 after purchasing an additional 6,662 shares in the last quarter. Finally, Moment Partners LLC purchased a new position in Phillips 66 during the fourth quarter worth approximately $552,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on PSX shares. Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Mizuho cut their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. StockNews.com cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. Barclays lifted their target price on shares of Phillips 66 from $115.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, March 14th. Finally, Wolfe Research upgraded 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 report on Friday, January 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 MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus target price of $146.43.

Phillips 66 Trading Down 2.4 %

PSX opened at $121.67 on Monday. The firm has a market capitalization of $49.60 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31. The company’s 50 day simple moving average is $124.76 and its two-hundred day simple moving average is $125.52. Phillips 66 has a 1-year low of $108.91 and a 1-year high of $174.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the company posted $3.09 EPS. Analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

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 3.78%. Phillips 66’s 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.