HBK Sorce Advisory LLC lifted its position in Phillips 66 (NYSE:PSX) by 34.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,902 shares of the oil and gas company’s stock after purchasing an additional 1,249 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Phillips 66 were worth $496,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Nationwide Fund Advisors grew its position in Phillips 66 by 7.7% in the third quarter. Nationwide Fund Advisors now owns 338,816 shares of the oil and gas company’s stock worth $31,039,000 after acquiring an additional 24,318 shares in the last quarter. American Century Companies Inc. purchased a new position in Phillips 66 in the third quarter worth $5,569,000. Alps Advisors Inc. grew its position in Phillips 66 by 82.9% in the third quarter. Alps Advisors Inc. now owns 4,692 shares of the oil and gas company’s stock worth $430,000 after acquiring an additional 2,126 shares in the last quarter. Sei Investments Co. grew its position in Phillips 66 by 1.7% in the third quarter. Sei Investments Co. now owns 134,747 shares of the oil and gas company’s stock worth $12,344,000 after acquiring an additional 2,287 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in Phillips 66 by 8.5% in the third quarter. New York State Common Retirement Fund now owns 1,175,459 shares of the oil and gas company’s stock worth $107,684,000 after acquiring an additional 92,469 shares in the last quarter. 77.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Phillips 66 (NYSE PSX) opened at $95.79 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.09 and a current ratio of 1.42. Phillips 66 has a 1 year low of $75.14 and a 1 year high of $107.47. The stock has a market cap of $44,686.04, a PE ratio of 21.87, a price-to-earnings-growth ratio of 1.63 and a beta of 1.18.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.92%. Phillips 66’s dividend payout ratio is currently 28.20%.
Several research analysts recently issued reports on the stock. Citigroup upped their target price on shares of Phillips 66 from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 13th. Credit Suisse Group reiterated a “neutral” rating and issued a $110.00 target price on shares of Phillips 66 in a research report on Wednesday, March 7th. ValuEngine upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Cowen reiterated an “outperform” rating and issued a $137.00 target price (up from $125.00) on shares of Phillips 66 in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $106.00 target price on shares of Phillips 66 in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. Phillips 66 presently has an average rating of “Hold” and a consensus price target of $103.46.
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About Phillips 66
Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.
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