Amundi Grows Stock Holdings in Phillips 66 (NYSE:PSX)

Amundi grew its holdings in Phillips 66 (NYSE:PSX) by 25.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,682,414 shares of the oil and gas company’s stock after purchasing an additional 753,653 shares during the quarter. Amundi owned about 0.89% of Phillips 66 worth $428,081,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Dorsey & Whitney Trust CO LLC lifted its stake in Phillips 66 by 51.9% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 16,827 shares of the oil and gas company’s stock worth $1,917,000 after purchasing an additional 5,752 shares in the last quarter. Naviter Wealth LLC lifted its stake in Phillips 66 by 118.7% in the 4th quarter. Naviter Wealth LLC now owns 9,253 shares of the oil and gas company’s stock worth $1,054,000 after purchasing an additional 5,022 shares in the last quarter. Rialto Wealth Management LLC purchased a new position in Phillips 66 in the 4th quarter worth approximately $85,000. Larson Financial Group LLC increased its holdings in shares of Phillips 66 by 13.2% during the 4th quarter. Larson Financial Group LLC now owns 5,133 shares of the oil and gas company’s stock worth $585,000 after buying an additional 600 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Phillips 66 during the 4th quarter worth approximately $1,950,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PSX. Barclays cut their price target 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. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Wells Fargo & Company raised their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, Mizuho cut their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Stock Up 3.0 %

Phillips 66 stock opened at $126.51 on Friday. Phillips 66 has a fifty-two week low of $108.91 and a fifty-two week high of $174.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The firm has a 50 day moving average price of $121.76 and a 200 day moving average price of $126.31. The company has a market capitalization of $51.58 billion, a PE ratio of 25.61, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31.

Phillips 66 (NYSE:PSX) last posted 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 quarter last year, the company posted $3.09 earnings per share. Research analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $1.15 dividend. The ex-dividend date of this dividend was 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 93.12%.

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.