Apriem Advisors Has $270,000 Stake in Phillips 66 (NYSE:PSX)

Apriem Advisors increased its stake in shares of Phillips 66 (NYSE:PSX) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,368 shares of the oil and gas company’s stock after purchasing an additional 210 shares during the quarter. Apriem Advisors’ holdings in Phillips 66 were worth $270,000 as of its most recent filing with the SEC.

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

Phillips 66 Price Performance

NYSE PSX opened at $125.40 on Thursday. The stock has a 50-day simple moving average of $119.87 and a 200 day simple moving average of $126.89. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The stock has a market capitalization of $51.13 billion, a PE ratio of 25.38, a P/E/G ratio of 4.84 and a beta of 1.37. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

Phillips 66 (NYSE:PSX) last issued its quarterly 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 return on equity of 8.58% and a net margin of 1.46%. During the same period in the prior year, the company earned $3.09 earnings per share. Research analysts anticipate that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Monday, February 24th. Phillips 66’s payout ratio is currently 93.12%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PSX. Barclays cut their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company raised their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. UBS Group decreased their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Mizuho cut their price target 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 upgraded shares of Phillips 66 from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Phillips 66 has a consensus rating of “Moderate Buy” and an average price target of $148.00.

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.