Phillips 66 (NYSE:PSX) Stock Position Lifted by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC grew its holdings in shares of Phillips 66 (NYSE:PSX) by 0.4% during the fourth quarter, Holdings Channel reports. The firm owned 141,617 shares of the oil and gas company’s stock after purchasing an additional 567 shares during the period. Phillips 66 accounts for about 0.7% of Chickasaw Capital Management LLC’s portfolio, making the stock its 18th largest position. Chickasaw Capital Management LLC’s holdings in Phillips 66 were worth $16,134,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Advisory Alpha LLC raised its stake in shares of Phillips 66 by 4.8% in the 2nd quarter. Advisory Alpha LLC now owns 1,648 shares of the oil and gas company’s stock valued at $233,000 after acquiring an additional 76 shares in the last quarter. Krane Funds Advisors LLC grew its holdings in Phillips 66 by 3.6% during the third quarter. Krane Funds Advisors LLC now owns 2,350 shares of the oil and gas company’s stock valued at $309,000 after purchasing an additional 82 shares during the last quarter. Richwood Investment Advisors LLC grew its stake in Phillips 66 by 1.9% in the 3rd quarter. Richwood Investment Advisors LLC now owns 4,580 shares of the oil and gas company’s stock valued at $602,000 after buying an additional 85 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew its position in shares of Phillips 66 by 0.5% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 17,548 shares of the oil and gas company’s stock valued at $2,307,000 after purchasing an additional 89 shares during the last quarter. Finally, Western Financial Corp CA increased its stake in shares of Phillips 66 by 1.6% in the third quarter. Western Financial Corp CA now owns 5,882 shares of the oil and gas company’s stock worth $773,000 after purchasing an additional 91 shares during the period. 76.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on PSX shares. Wolfe Research upgraded 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. Barclays lowered their target price on Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Mizuho dropped their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company reduced their price target on Phillips 66 from $167.00 to $161.00 and set an “overweight” rating on the stock in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. cut their target price on Phillips 66 from $160.00 to $141.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.57.

Phillips 66 Stock Down 0.3 %

Shares of NYSE:PSX traded down $0.31 during midday trading on Tuesday, reaching $114.86. The company had a trading volume of 1,595,776 shares, compared to its average volume of 2,092,643. The stock has a market cap of $47.44 billion, a PE ratio of 14.74, a P/E/G ratio of 4.06 and a beta of 1.38. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The business’s 50 day moving average price is $123.61 and its 200 day moving average price is $131.03. 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 released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. The firm had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $4.63 earnings per share. Research analysts forecast that Phillips 66 will post 7.56 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Monday, November 18th. Phillips 66’s dividend payout ratio (DPR) is currently 59.05%.

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.