Thompson Siegel & Walmsley LLC Has $391,000 Stake in Phillips 66 (NYSE:PSX)

Thompson Siegel & Walmsley LLC raised its holdings in Phillips 66 (NYSE:PSX) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,974 shares of the oil and gas company’s stock after buying an additional 275 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Phillips 66 were worth $391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC acquired a new stake in shares of Phillips 66 in the second quarter valued at about $26,000. nVerses Capital LLC acquired a new position in shares of Phillips 66 during the 3rd quarter worth approximately $26,000. Values First Advisors Inc. bought a new stake in shares of Phillips 66 during the 3rd quarter worth approximately $30,000. Bank & Trust Co acquired a new stake in shares of Phillips 66 in the 2nd quarter valued at approximately $31,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Phillips 66 in the second quarter valued at $34,000. 76.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on PSX shares. JPMorgan Chase & Co. dropped their price target on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Mizuho cut their target price on shares of Phillips 66 from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. TD Cowen lowered their price target on Phillips 66 from $162.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Piper Sandler set a $144.00 price objective on Phillips 66 in a research report on Thursday, October 17th. Finally, UBS Group reduced 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. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.69.

Phillips 66 Stock Up 1.4 %

PSX opened at $133.28 on Friday. The stock has a fifty day moving average of $130.28 and a 200-day moving average of $135.42. The company has a market capitalization of $55.04 billion, a P/E ratio of 17.11, a P/E/G ratio of 4.34 and a beta of 1.33. Phillips 66 has a fifty-two week low of $117.32 and a fifty-two week high of $174.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The business had revenue of $36.16 billion during the quarter, compared to analysts’ expectations of $36.31 billion. During the same quarter in the previous year, the company earned $4.63 EPS. The business’s revenue was down 10.3% on a year-over-year basis. On average, equities analysts expect that Phillips 66 will post 7.57 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Monday, November 18th. Phillips 66’s dividend payout ratio is currently 59.05%.

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.