RFG Advisory LLC grew its position in Phillips 66 (NYSE:PSX) by 41.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,175 shares of the oil and gas company’s stock after purchasing an additional 1,821 shares during the period. RFG Advisory LLC’s holdings in Phillips 66 were worth $504,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Landsberg Bennett & Dubbaneh LLC grew its holdings in Phillips 66 by 21.8% during the first quarter. Landsberg Bennett & Dubbaneh LLC now owns 9,330 shares of the oil and gas company’s stock worth $776,000 after acquiring an additional 1,672 shares during the period. Peoples Bank OH grew its holdings in Phillips 66 by 16.3% during the first quarter. Peoples Bank OH now owns 6,775 shares of the oil and gas company’s stock worth $552,000 after acquiring an additional 950 shares during the period. WBH Advisory Inc. grew its holdings in Phillips 66 by 8.3% during the first quarter. WBH Advisory Inc. now owns 4,444 shares of the oil and gas company’s stock worth $362,000 after acquiring an additional 342 shares during the period. Douglas Lane & Associates LLC acquired a new stake in Phillips 66 during the first quarter worth about $200,000. Finally, International Assets Investment Management LLC grew its holdings in Phillips 66 by 106.0% during the first quarter. International Assets Investment Management LLC now owns 14,489 shares of the oil and gas company’s stock worth $651,000 after acquiring an additional 7,455 shares during the period. 64.56% of the stock is currently owned by institutional investors and hedge funds.
PSX has been the topic of a number of analyst reports. UBS Group assumed coverage on Phillips 66 in a research report on Tuesday, January 26th. They set a “buy” rating and a $66.00 price objective on the stock. Tudor Pickering cut Phillips 66 from a “buy” rating to a “hold” rating in a research note on Thursday, January 21st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on Phillips 66 from $81.00 to $99.00 and gave the company a “buy” rating in a research note on Tuesday, March 23rd. Mizuho lifted their price objective on Phillips 66 from $70.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, March 4th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $65.00 target price on shares of Phillips 66 in a research note on Monday, March 1st. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Phillips 66 has a consensus rating of “Buy” and a consensus target price of $82.53.
PSX opened at $74.95 on Friday. Phillips 66 has a twelve month low of $43.27 and a twelve month high of $90.59. The stock has a market cap of $32.82 billion, a PE ratio of -12.15, a price-to-earnings-growth ratio of 3.65 and a beta of 1.67. The business’s 50 day moving average is $82.54 and its 200-day moving average is $69.87. The company has a current ratio of 1.22, a quick ratio of 0.75 and a debt-to-equity ratio of 0.57.
Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Thursday, January 28th. The oil and gas company reported ($1.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.06) by ($0.10). The business had revenue of $16.77 billion during the quarter, compared to analyst estimates of $15.88 billion. Phillips 66 had a negative net margin of 3.45% and a positive return on equity of 3.38%. During the same period in the previous year, the firm posted $1.54 EPS. As a group, analysts forecast that Phillips 66 will post -0.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Monday, February 22nd were issued a dividend of $0.90 per share. The ex-dividend date was Friday, February 19th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.80%. Phillips 66’s payout ratio is 44.72%.
Phillips 66 Profile
Phillips 66 operates as an energy manufacturing and logistics company. 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.
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