Ashton Thomas Private Wealth LLC Purchases 945 Shares of Phillips 66 (NYSE:PSX)

Ashton Thomas Private Wealth LLC boosted its position in Phillips 66 (NYSE:PSX) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,890 shares of the oil and gas company’s stock after acquiring an additional 945 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Phillips 66 were worth $3,633,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PSX. Callan Family Office LLC bought a new position in shares of Phillips 66 in the fourth quarter valued at approximately $377,000. Freestone Capital Holdings LLC lifted its holdings in shares of Phillips 66 by 3.8% in the fourth quarter. Freestone Capital Holdings LLC now owns 3,799 shares of the oil and gas company’s stock valued at $433,000 after purchasing an additional 140 shares in the last quarter. PFG Private Wealth Management LLC lifted its holdings in shares of Phillips 66 by 7.7% in the fourth quarter. PFG Private Wealth Management LLC now owns 1,233 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 88 shares in the last quarter. Inceptionr LLC lifted its holdings in shares of Phillips 66 by 64.7% in the fourth quarter. Inceptionr LLC now owns 4,653 shares of the oil and gas company’s stock valued at $530,000 after purchasing an additional 1,828 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Phillips 66 in the fourth quarter valued at approximately $168,790,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Trading Up 3.0 %

Shares of PSX stock opened at $126.51 on Friday. Phillips 66 has a 12-month low of $108.91 and a 12-month high of $174.08. The firm has a market cap of $51.58 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $121.76 and a two-hundred day moving average price of $126.35.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period in the previous year, the company posted $3.09 EPS. Equities analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a dividend of $1.15 per share. The ex-dividend date was Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.64%. Phillips 66’s dividend payout ratio (DPR) is 93.12%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Mizuho dropped their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Barclays decreased their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Finally, StockNews.com downgraded Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $148.00.

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.