1,549 Shares in Phillips 66 (NYSE:PSX) Bought by BIP Wealth LLC

BIP Wealth LLC acquired a new position in shares of Phillips 66 (NYSE:PSX) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,549 shares of the oil and gas company’s stock, valued at approximately $204,000.

Other large investors have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in shares of Phillips 66 during the 1st quarter worth approximately $25,000. Strategic Financial Concepts LLC acquired a new stake in shares of Phillips 66 in the 2nd quarter valued at $26,000. nVerses Capital LLC bought a new position in shares of Phillips 66 in the 3rd quarter valued at $26,000. Values First Advisors Inc. acquired a new position in shares of Phillips 66 during the 3rd quarter worth $30,000. Finally, Bank & Trust Co bought a new stake in shares of Phillips 66 during the 2nd quarter worth $31,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Down 0.3 %

Shares of NYSE PSX opened at $130.93 on Wednesday. The company’s 50 day moving average price is $129.90 and its 200-day moving average price is $135.55. 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 has a 52-week low of $114.94 and a 52-week high of $174.08. The company has a market capitalization of $54.07 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 4.29 and a beta of 1.33.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. During the same period last year, the business posted $4.63 EPS. The business’s revenue was down 10.3% compared to the same quarter last year. Equities analysts forecast that Phillips 66 will post 7.63 earnings per share for the current year.

Phillips 66 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Monday, November 18th. Phillips 66’s dividend payout ratio (DPR) is 59.05%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PSX. JPMorgan Chase & Co. decreased their target price on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Raymond James increased their price objective on shares of Phillips 66 from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Piper Sandler set a $144.00 target price on shares of Phillips 66 in a research report on Thursday, October 17th. UBS Group lowered their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Morgan Stanley cut their price objective on Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating on the stock in a report on Monday, September 16th. Five investment analysts have rated the stock with a hold rating and eleven 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 $149.69.

Phillips 66 Company 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.