Ellerson Group Inc. ADV Acquires 922 Shares of Phillips 66 (NYSE:PSX)

Ellerson Group Inc. ADV increased its holdings in shares of Phillips 66 (NYSE:PSX) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,421 shares of the oil and gas company’s stock after acquiring an additional 922 shares during the period. Phillips 66 comprises approximately 2.4% of Ellerson Group Inc. ADV’s holdings, making the stock its 16th largest holding. Ellerson Group Inc. ADV’s holdings in Phillips 66 were worth $3,352,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Argentarii LLC bought a new stake in Phillips 66 during the 4th quarter worth approximately $210,000. OFI Invest Asset Management bought a new stake in Phillips 66 during the 4th quarter worth approximately $23,170,000. Amundi grew its position in Phillips 66 by 25.7% during the 4th quarter. Amundi now owns 3,682,414 shares of the oil and gas company’s stock worth $428,081,000 after acquiring an additional 753,653 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in Phillips 66 by 51.9% during 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 acquiring an additional 5,752 shares during the last quarter. Finally, Naviter Wealth LLC grew its position in Phillips 66 by 118.7% during the 4th quarter. Naviter Wealth LLC now owns 9,253 shares of the oil and gas company’s stock worth $1,054,000 after acquiring an additional 5,022 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on PSX. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Mizuho decreased their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company increased their price objective on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Barclays decreased their price objective on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Stock Performance

PSX stock opened at $126.51 on Friday. The business’s fifty day moving average is $121.76 and its 200-day moving average is $126.31. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company has a market cap of $51.58 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31. Phillips 66 has a twelve month low of $108.91 and a twelve month high of $174.08.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period last year, the company posted $3.09 earnings per share. Equities research analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66’s payout ratio is presently 93.12%.

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.