Phillips 66 (NYSE:PSX) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its holdings in shares of Phillips 66 (NYSE:PSX) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,554 shares of the oil and gas company’s stock after purchasing an additional 1,645 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Phillips 66 were worth $2,342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. South Dakota Investment Council acquired a new stake in shares of Phillips 66 during the fourth quarter worth $219,000. Delta Financial Group Inc. acquired a new stake in shares of Phillips 66 during the fourth quarter worth $225,000. Howard Capital Management Inc. raised its holdings in shares of Phillips 66 by 5.3% during the fourth quarter. Howard Capital Management Inc. now owns 2,843 shares of the oil and gas company’s stock worth $324,000 after purchasing an additional 144 shares during the period. WESPAC Advisors LLC raised its holdings in shares of Phillips 66 by 5.9% during the fourth quarter. WESPAC Advisors LLC now owns 4,185 shares of the oil and gas company’s stock worth $477,000 after purchasing an additional 235 shares during the period. Finally, JBR Co Financial Management Inc raised its holdings in shares of Phillips 66 by 0.9% during the fourth quarter. JBR Co Financial Management Inc now owns 9,520 shares of the oil and gas company’s stock worth $1,085,000 after purchasing an additional 85 shares during the period. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Stock Down 1.2 %

Phillips 66 stock opened at $127.30 on Tuesday. The stock has a market cap of $52.57 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 4.84 and a beta of 1.37. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $119.39 and its two-hundred day moving average price is $126.97. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08.

Phillips 66 (NYSE:PSX) last released its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 last year, the firm posted $3.09 EPS. On average, analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders 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 annualized dividend and a dividend yield of 3.61%. Phillips 66’s dividend payout ratio (DPR) is 93.12%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Barclays dropped their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. UBS Group dropped their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Mizuho dropped their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, StockNews.com raised shares of Phillips 66 from a “sell” rating to a “hold” rating in a report on Saturday. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.