Boyd Watterson Asset Management LLC OH Has $1.29 Million Stake in Phillips 66 (NYSE:PSX)

Boyd Watterson Asset Management LLC OH grew its position in Phillips 66 (NYSE:PSX) by 2.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,359 shares of the oil and gas company’s stock after purchasing an additional 250 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Phillips 66 were worth $1,294,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Capital Corp MA ADV bought a new position in Phillips 66 in the fourth quarter valued at approximately $327,000. WP Advisors LLC boosted its holdings in shares of Phillips 66 by 14.3% in the 4th quarter. WP Advisors LLC now owns 4,282 shares of the oil and gas company’s stock valued at $488,000 after purchasing an additional 537 shares in the last quarter. Nicholson Wealth Management Group LLC increased its stake in shares of Phillips 66 by 133.1% in the 4th quarter. Nicholson Wealth Management Group LLC now owns 11,912 shares of the oil and gas company’s stock valued at $1,357,000 after purchasing an additional 6,802 shares during the last quarter. Mattern Capital Management LLC raised its holdings in shares of Phillips 66 by 6.2% during the 4th quarter. Mattern Capital Management LLC now owns 94,376 shares of the oil and gas company’s stock worth $10,752,000 after buying an additional 5,510 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of Phillips 66 by 0.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 20,679 shares of the oil and gas company’s stock worth $2,356,000 after buying an additional 105 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Shares of PSX stock opened at $128.78 on Friday. The stock has a market capitalization of $53.18 billion, a PE ratio of 26.07, a PEG ratio of 4.84 and a beta of 1.37. The business’s 50 day simple moving average is $119.17 and its 200 day simple moving average is $127.11. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. Phillips 66 has a one year low of $108.90 and a one year 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 net margin of 1.46% and a return on equity of 8.58%. During the same quarter in the prior year, the business earned $3.09 earnings per share. As a group, research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be given a dividend of $1.15 per share. The ex-dividend date is Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a yield of 3.57%. Phillips 66’s dividend payout ratio (DPR) is currently 93.12%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PSX. Wells Fargo & Company lifted their target price on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Barclays dropped their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. StockNews.com raised shares of Phillips 66 from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Mizuho dropped their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and an average target price of $148.00.

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.