DRW Securities LLC Has $222,000 Stock Position in Phillips 66 (NYSE:PSX)

DRW Securities LLC lowered its stake in Phillips 66 (NYSE:PSX) by 89.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,690 shares of the oil and gas company’s stock after selling 14,310 shares during the period. DRW Securities LLC’s holdings in Phillips 66 were worth $222,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC bought a new position in Phillips 66 in the 3rd quarter valued at about $26,000. Bank & Trust Co bought a new position in Phillips 66 in the second quarter valued at approximately $31,000. Values First Advisors Inc. bought a new position in Phillips 66 in the third quarter valued at approximately $30,000. Opal Wealth Advisors LLC acquired a new position in Phillips 66 during the second quarter valued at approximately $34,000. Finally, Fortitude Family Office LLC lifted its stake in Phillips 66 by 52.3% during the second quarter. Fortitude Family Office LLC now owns 265 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Price Performance

Shares of PSX opened at $133.31 on Thursday. The business has a 50-day moving average of $130.58 and a 200-day moving average of $135.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The company has a market capitalization of $55.06 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 4.40 and a beta of 1.33. Phillips 66 has a 1 year low of $117.74 and a 1 year high of $174.08.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.41. The firm had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company’s revenue was down 10.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.63 EPS. As a group, equities research analysts anticipate that Phillips 66 will post 7.57 earnings per share for the current year.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 18th will be issued a $1.15 dividend. The ex-dividend date is Monday, November 18th. This represents a $4.60 annualized dividend and a yield of 3.45%. Phillips 66’s payout ratio is 59.05%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PSX shares. Scotiabank lowered their price target on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Barclays lowered their target price on Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Morgan Stanley reduced their price target on shares of Phillips 66 from $150.00 to $144.00 and set an “equal weight” rating on the stock in a research note on Monday, September 16th. TD Cowen lowered their price objective on shares of Phillips 66 from $162.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Bank of America initiated coverage on shares of Phillips 66 in a research report on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price on the stock. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $149.69.

About Phillips 66

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.