Phillips 66 (NYSE:PSX) Shares Bought by Navellier & Associates Inc.

Navellier & Associates Inc. increased its holdings in Phillips 66 (NYSE:PSX) by 10.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 52,830 shares of the oil and gas company’s stock after buying an additional 5,071 shares during the period. Navellier & Associates Inc.’s holdings in Phillips 66 were worth $6,019,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PSX. Mizuho Securities USA LLC boosted its holdings in shares of Phillips 66 by 7,549.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock valued at $328,625,000 after buying an additional 2,467,316 shares during the period. ING Groep NV grew its position in Phillips 66 by 123.2% in the 3rd quarter. ING Groep NV now owns 1,182,980 shares of the oil and gas company’s stock worth $155,503,000 after purchasing an additional 653,032 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Phillips 66 by 63.4% in the third quarter. Bank of Montreal Can now owns 1,633,876 shares of the oil and gas company’s stock valued at $214,120,000 after purchasing an additional 633,970 shares during the period. Mizuho Markets Americas LLC bought a new stake in shares of Phillips 66 during the third quarter valued at approximately $70,983,000. Finally, Weiss Asset Management LP acquired a new position in shares of Phillips 66 during the third quarter worth approximately $34,042,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Trading Down 2.1 %

Shares of NYSE PSX opened at $128.78 on Friday. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The firm has a market capitalization of $53.18 billion, a PE ratio of 26.07, a PEG ratio of 4.84 and a beta of 1.37. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $119.17 and a two-hundred day moving average price of $127.11.

Phillips 66 (NYSE:PSX) last posted 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 return on equity of 8.58% and a net margin of 1.46%. During the same period in the previous year, the company earned $3.09 EPS. As a group, analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently disclosed 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. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, February 24th. Phillips 66’s payout ratio is 93.12%.

Wall Street Analyst Weigh In

PSX has been the topic of a number of research analyst reports. Mizuho lowered their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. StockNews.com raised Phillips 66 from a “sell” rating to a “hold” rating in a report on Saturday. Barclays lowered their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. UBS Group decreased their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Wells Fargo & Company raised their target price on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

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.