Phillips 66 $PSX Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in Phillips 66 (NYSE:PSX) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,408 shares of the oil and gas company’s stock after acquiring an additional 3,171 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Phillips 66 were worth $19,022,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC raised its holdings in Phillips 66 by 5.7% in the fourth quarter. CYBER HORNET ETFs LLC now owns 1,228 shares of the oil and gas company’s stock valued at $158,000 after acquiring an additional 66 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in Phillips 66 by 2.3% in the fourth quarter. GHP Investment Advisors Inc. now owns 3,210 shares of the oil and gas company’s stock valued at $414,000 after acquiring an additional 72 shares in the last quarter. L2 Asset Management LLC raised its holdings in Phillips 66 by 4.0% in the third quarter. L2 Asset Management LLC now owns 1,893 shares of the oil and gas company’s stock valued at $257,000 after acquiring an additional 72 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in Phillips 66 by 0.5% in the third quarter. Mesirow Financial Investment Management Inc. now owns 15,658 shares of the oil and gas company’s stock valued at $2,130,000 after acquiring an additional 73 shares in the last quarter. Finally, KCM Investment Advisors LLC raised its holdings in Phillips 66 by 1.6% during the third quarter. KCM Investment Advisors LLC now owns 4,636 shares of the oil and gas company’s stock worth $631,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Insider Buying and Selling at Phillips 66

In related news, EVP Brian Mandell sold 42,800 shares of Phillips 66 stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $169.53, for a total value of $7,255,884.00. Following the transaction, the executive vice president directly owned 61,595 shares in the company, valued at $10,442,200.35. This trade represents a 41.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lisa Ann Davis sold 3,800 shares of Phillips 66 stock in a transaction on Friday, March 13th. The shares were sold at an average price of $174.37, for a total transaction of $662,606.00. Following the completion of the transaction, the director owned 8,701 shares in the company, valued at approximately $1,517,193.37. This trade represents a 30.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 114,029 shares of company stock valued at $19,641,455. Insiders own 0.40% of the company’s stock.

Phillips 66 Stock Performance

Shares of Phillips 66 stock opened at $180.06 on Tuesday. The firm’s fifty day simple moving average is $172.41 and its 200-day simple moving average is $155.05. The stock has a market capitalization of $72.19 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 0.26 and a beta of 0.68. Phillips 66 has a 12 month low of $111.19 and a 12 month high of $190.61. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.13 and a quick ratio of 0.85.

Phillips 66 (NYSE:PSX) last announced its earnings results on Wednesday, April 29th. The oil and gas company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $1.03. The business had revenue of $32.54 billion for the quarter, compared to analysts’ expectations of $35.86 billion. Phillips 66 had a net margin of 2.99% and a return on equity of 10.98%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.90) EPS. As a group, equities analysts forecast that Phillips 66 will post 17.64 earnings per share for the current year.

Phillips 66 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, May 18th. Phillips 66’s payout ratio is presently 50.05%.

Analyst Ratings Changes

PSX has been the topic of a number of research analyst reports. Piper Sandler raised their price objective on shares of Phillips 66 from $168.00 to $177.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Morgan Stanley reissued an “overweight” rating and set a $180.00 price objective on shares of Phillips 66 in a report on Thursday, April 30th. The Goldman Sachs Group raised their price objective on shares of Phillips 66 from $192.00 to $207.00 and gave the stock a “neutral” rating in a report on Tuesday, May 19th. Barclays raised their price objective on shares of Phillips 66 from $158.00 to $177.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Finally, UBS Group raised their price objective on shares of Phillips 66 from $172.00 to $212.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $191.28.

About Phillips 66

Phillips 66 (NYSE: PSX) is an independent energy manufacturing and logistics company engaged primarily in refining, midstream transportation, marketing and chemicals. The company processes crude oil into transportation fuels, lubricants and other petroleum products, operates pipeline and storage infrastructure, and participates in petrochemical production through strategic investments. Phillips 66 serves commercial, industrial and retail customers and positions its operations across the value chain of the downstream energy sector.

The company’s principal activities include refining crude oil into gasoline, diesel, jet fuel and feedstocks for petrochemical production; operating midstream assets such as pipelines, terminals and fractionators that move and store crude oil and natural gas liquids; and marketing and distributing fuels and lubricants through wholesale and retail channels.