Thompson Siegel & Walmsley LLC Has $367,000 Stock Holdings in Phillips 66 (NYSE:PSX)

Thompson Siegel & Walmsley LLC lifted its holdings in Phillips 66 (NYSE:PSX) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,222 shares of the oil and gas company’s stock after buying an additional 248 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Phillips 66 were worth $367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Impact Capital Partners LLC acquired a new stake in shares of Phillips 66 in the fourth quarter worth $744,000. HBK Sorce Advisory LLC boosted its position in Phillips 66 by 0.8% during the fourth quarter. HBK Sorce Advisory LLC now owns 17,574 shares of the oil and gas company’s stock valued at $2,002,000 after purchasing an additional 143 shares during the last quarter. Vestcor Inc boosted its position in Phillips 66 by 7.8% during the fourth quarter. Vestcor Inc now owns 17,690 shares of the oil and gas company’s stock valued at $2,015,000 after purchasing an additional 1,273 shares during the last quarter. Truvestments Capital LLC boosted its position in Phillips 66 by 175.4% during the fourth quarter. Truvestments Capital LLC now owns 325 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 207 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Phillips 66 by 2.9% during the fourth quarter. Farther Finance Advisors LLC now owns 8,186 shares of the oil and gas company’s stock valued at $933,000 after purchasing an additional 229 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Trading Up 3.5 %

Phillips 66 stock opened at $126.84 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The business’s 50-day simple moving average is $122.82 and its 200-day simple moving average is $126.03. The firm has a market capitalization of $51.71 billion, a PE ratio of 25.68, a PEG ratio of 4.84 and a beta of 1.31. Phillips 66 has a 52 week low of $108.91 and a 52 week high of $174.08.

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

Phillips 66 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a $1.15 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.63%. Phillips 66’s payout ratio is presently 93.12%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PSX shares. Mizuho reduced their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Wells Fargo & Company lifted their price objective on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. StockNews.com cut Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. Finally, Barclays raised their target price on Phillips 66 from $115.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.43.

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.