O Shaughnessy Asset Management LLC Raises Stock Position in Phillips 66 (NYSE:PSX)

O Shaughnessy Asset Management LLC raised its holdings in Phillips 66 (NYSE:PSX) by 42.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 93,435 shares of the oil and gas company’s stock after purchasing an additional 27,891 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Phillips 66 were worth $10,645,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bogart Wealth LLC grew its stake in shares of Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 120 shares during the period. J.Safra Asset Management Corp acquired a new stake in Phillips 66 during the fourth quarter valued at $25,000. Stephens Consulting LLC increased its holdings in Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 111 shares in the last quarter. Graney & King LLC acquired a new position in shares of Phillips 66 in the fourth quarter worth about $28,000. Finally, Human Investing LLC purchased a new stake in shares of Phillips 66 during the 4th quarter worth about $30,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Stock Up 1.6 %

Shares of NYSE:PSX opened at $123.72 on Tuesday. Phillips 66 has a 52-week low of $108.91 and a 52-week high of $174.08. The stock has a market cap of $50.44 billion, a P/E ratio of 25.04, a PEG ratio of 4.84 and a beta of 1.31. The business has a fifty day moving average of $124.82 and a two-hundred day moving average of $125.50. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) 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 quarter in the previous year, the business posted $3.09 earnings per share. On average, 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 disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66’s dividend payout ratio is presently 93.12%.

Analyst Upgrades and Downgrades

PSX has been the subject of several recent analyst reports. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. The Goldman Sachs Group downgraded Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 target price for the company. in a research note on Thursday, March 27th. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. StockNews.com lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. Finally, Wells Fargo & Company upped their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus price target of $146.43.

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.