Nemes Rush Group LLC Grows Position in Phillips 66 (NYSE:PSX)

Nemes Rush Group LLC raised its position in Phillips 66 (NYSE:PSX) by 29.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,104 shares of the oil and gas company’s stock after purchasing an additional 483 shares during the period. Nemes Rush Group LLC’s holdings in Phillips 66 were worth $240,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC raised its holdings in shares of Phillips 66 by 120.0% in the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock worth $25,000 after buying an additional 120 shares during the period. J.Safra Asset Management Corp bought a new position in Phillips 66 in the 4th quarter valued at $25,000. Stephens Consulting LLC increased its stake in Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 111 shares during the period. Graney & King LLC purchased a new stake in Phillips 66 in the fourth quarter worth $28,000. Finally, Human Investing LLC bought a new stake in shares of Phillips 66 during the fourth quarter worth $30,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Up 0.7 %

Shares of NYSE PSX opened at $124.38 on Wednesday. The business has a fifty day moving average price of $124.90 and a 200 day moving average price of $125.49. 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. The stock has a market capitalization of $50.71 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm earned $3.09 earnings per share. Equities research analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The firm 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. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Monday, February 24th. Phillips 66’s payout ratio is presently 93.12%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PSX shares. Barclays raised their price target on shares of Phillips 66 from $115.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, March 14th. StockNews.com lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. Wells Fargo & Company lifted their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Mizuho decreased their target price 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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $146.43.

Phillips 66 Company 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.