West Family Investments Inc. Has $212,000 Stake in Phillips 66 (NYSE:PSX)

West Family Investments Inc. boosted its stake in Phillips 66 (NYSE:PSX) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,612 shares of the oil and gas company’s stock after acquiring an additional 97 shares during the quarter. West Family Investments Inc.’s holdings in Phillips 66 were worth $212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PSX. Crewe Advisors LLC bought a new position in Phillips 66 in the first quarter valued at approximately $25,000. nVerses Capital LLC bought a new position in Phillips 66 during the third quarter worth about $26,000. Bank & Trust Co acquired a new position in Phillips 66 during the second quarter worth approximately $31,000. Values First Advisors Inc. bought a new stake in Phillips 66 in the third quarter valued at approximately $30,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Phillips 66 in the second quarter valued at approximately $34,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Stock Performance

Shares of Phillips 66 stock opened at $130.93 on Wednesday. The stock has a market cap of $54.07 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 4.29 and a beta of 1.33. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a twelve month low of $114.94 and a twelve month high of $174.08. The company’s fifty day moving average is $129.90 and its 200 day moving average is $135.55.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $36.31 billion. During the same quarter in the previous year, the company posted $4.63 EPS. The business’s revenue was down 10.3% on a year-over-year basis. Sell-side analysts forecast that Phillips 66 will post 7.63 EPS for the current year.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Monday, November 18th. Phillips 66’s dividend payout ratio is presently 59.05%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Bank of America assumed coverage on Phillips 66 in a report on Thursday, October 17th. They set a “buy” rating and a $156.00 target price on the stock. UBS Group lowered their price target 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 reduced their price objective on Phillips 66 from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, September 16th. TD Cowen decreased their target price on Phillips 66 from $162.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Finally, Barclays reduced their target price on shares of Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.69.

Phillips 66 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.