Callan Family Office LLC Purchases New Holdings in Phillips 66 (NYSE:PSX)

Callan Family Office LLC purchased a new stake in shares of Phillips 66 (NYSE:PSX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,305 shares of the oil and gas company’s stock, valued at approximately $377,000.

Several other large investors have also recently bought and sold shares of PSX. Summit Global Investments acquired a new stake in shares of Phillips 66 in the third quarter valued at approximately $371,000. CWA Asset Management Group LLC acquired a new stake in shares of Phillips 66 in the third quarter valued at approximately $244,000. Assetmark Inc. lifted its position in shares of Phillips 66 by 20.9% in the third quarter. Assetmark Inc. now owns 2,692 shares of the oil and gas company’s stock valued at $354,000 after buying an additional 466 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its position in shares of Phillips 66 by 0.8% in the third quarter. Mesirow Financial Investment Management Inc. now owns 16,308 shares of the oil and gas company’s stock valued at $2,143,000 after buying an additional 124 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of Phillips 66 by 25.4% in the third quarter. Covestor Ltd now owns 514 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 104 shares during the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Mizuho cut their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. StockNews.com cut Phillips 66 from a “hold” rating to a “sell” rating in a report on Sunday, March 2nd. Wells Fargo & Company lifted their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Barclays dropped their price target on 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, Wolfe Research raised 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $148.00.

Phillips 66 Trading Up 0.2 %

Shares of PSX opened at $126.41 on Tuesday. Phillips 66 has a 52-week low of $108.91 and a 52-week high of $174.08. The business’s fifty day moving average is $122.05 and its 200-day moving average is $126.21. 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 market cap of $51.54 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 4.84 and a beta of 1.31.

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

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued 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 Company 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.