3,791 Shares in Phillips 66 (NYSE:PSX) Purchased by Nwam LLC

Nwam LLC acquired a new stake in shares of Phillips 66 (NYSE:PSX) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,791 shares of the oil and gas company’s stock, valued at approximately $498,000.

Several other institutional investors also recently bought and sold shares of PSX. Lazard Asset Management LLC grew its position in Phillips 66 by 12.7% during the 1st quarter. Lazard Asset Management LLC now owns 3,998 shares of the oil and gas company’s stock valued at $652,000 after purchasing an additional 451 shares during the last quarter. Caxton Associates LP grew its position in Phillips 66 by 22.2% during the 1st quarter. Caxton Associates LP now owns 5,630 shares of the oil and gas company’s stock valued at $920,000 after purchasing an additional 1,024 shares during the last quarter. Silvercrest Asset Management Group LLC grew its position in Phillips 66 by 1.6% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 20,955 shares of the oil and gas company’s stock valued at $3,423,000 after purchasing an additional 325 shares during the last quarter. Icon Wealth Advisors LLC boosted its holdings in shares of Phillips 66 by 3.9% during the 1st quarter. Icon Wealth Advisors LLC now owns 18,391 shares of the oil and gas company’s stock valued at $3,004,000 after acquiring an additional 684 shares during the last quarter. Finally, Dynasty Wealth Management LLC purchased a new stake in shares of Phillips 66 during the 1st quarter valued at about $1,259,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PSX. TD Cowen dropped their price target on shares of Phillips 66 from $162.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Bank of America initiated coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They set a “buy” rating and a $156.00 target price on the stock. Scotiabank reduced their price objective on shares of Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Raymond James lifted their price objective on shares of Phillips 66 from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.69.

Phillips 66 Stock Up 1.4 %

Shares of PSX opened at $133.27 on Monday. The firm has a market capitalization of $55.04 billion, a P/E ratio of 17.11, a P/E/G ratio of 4.34 and a beta of 1.33. Phillips 66 has a 12-month low of $117.32 and a 12-month high of $174.08. 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 firm has a fifty day moving average price of $130.28 and a 200-day moving average price of $135.27.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.41. The firm had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $4.63 earnings per share. Equities research analysts expect that Phillips 66 will post 7.57 earnings per share for the current year.

Phillips 66 Announces Dividend

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 issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $4.60 dividend on an annualized basis and a yield of 3.45%. Phillips 66’s dividend payout ratio is presently 59.05%.

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.