WP Advisors LLC Purchases 537 Shares of Phillips 66 (NYSE:PSX)

WP Advisors LLC lifted its position in Phillips 66 (NYSE:PSX) by 14.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,282 shares of the oil and gas company’s stock after buying an additional 537 shares during the period. WP Advisors LLC’s holdings in Phillips 66 were worth $488,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PSX. Bogart Wealth LLC increased its position in shares of Phillips 66 by 120.0% in the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 120 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Phillips 66 in the 3rd quarter valued at $26,000. Stephens Consulting LLC increased its position in shares of Phillips 66 by 83.5% in the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 111 shares in the last quarter. Values First Advisors Inc. bought a new stake in shares of Phillips 66 in the 3rd quarter valued at $30,000. Finally, Human Investing LLC bought a new stake in shares of Phillips 66 in the 4th quarter valued at $30,000. Institutional investors own 76.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on PSX shares. StockNews.com cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. Mizuho reduced their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, UBS Group reduced their target price 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and an average target price of $148.00.

Phillips 66 Trading Up 1.3 %

Phillips 66 stock opened at $131.67 on Friday. The firm has a 50-day moving average of $119.05 and a 200-day moving average of $127.13. Phillips 66 has a one year low of $108.90 and a one 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 company has a market cap of $54.38 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 4.78 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last issued its 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 quarter last year, the company earned $3.09 earnings per share. On average, equities analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.49%. Phillips 66’s dividend payout ratio (DPR) is currently 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.