Phillips 66 (NYSE:PSX) Holdings Raised by Simmons Bank

Simmons Bank raised its stake in shares of Phillips 66 (NYSE:PSX) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,808 shares of the oil and gas company’s stock after buying an additional 2,426 shares during the period. Simmons Bank’s holdings in Phillips 66 were worth $8,637,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PSX. Van ECK Associates Corp grew its stake in Phillips 66 by 263.3% in the third quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock valued at $10,753,000 after purchasing an additional 60,355 shares in the last quarter. Flavin Financial Services Inc. acquired a new position in Phillips 66 in the fourth quarter worth approximately $1,190,000. Everence Capital Management Inc. bought a new position in Phillips 66 during the fourth quarter valued at approximately $3,033,000. Donoghue Forlines LLC bought a new stake in Phillips 66 in the fourth quarter worth approximately $1,438,000. Finally, Mizuho Securities USA LLC increased its stake in shares of Phillips 66 by 7,549.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company’s stock worth $328,625,000 after purchasing an additional 2,467,316 shares during the last quarter. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Phillips 66 Stock Down 0.7 %

Shares of PSX stock opened at $126.21 on Wednesday. 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 stock has a fifty day moving average price of $119.60 and a 200 day moving average price of $126.91. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The stock has a market cap of $52.12 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period last year, the business earned $3.09 EPS. Analysts predict that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be paid 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 3.64%. Phillips 66’s dividend payout ratio (DPR) is currently 93.12%.

Analyst Ratings Changes

Several research firms recently issued reports on PSX. UBS Group reduced their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Piper Sandler downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. StockNews.com upgraded Phillips 66 from a “sell” rating to a “hold” rating in a report on Saturday. Barclays decreased 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 report on Monday, January 13th. Finally, Mizuho dropped their target price 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. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

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.