Wisconsin Capital Management LLC Has $2.09 Million Stock Holdings in Phillips 66 (NYSE:PSX)

Wisconsin Capital Management LLC reduced its position in shares of Phillips 66 (NYSE:PSX) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,330 shares of the oil and gas company’s stock after selling 2,545 shares during the quarter. Phillips 66 comprises about 1.1% of Wisconsin Capital Management LLC’s portfolio, making the stock its 26th biggest position. Wisconsin Capital Management LLC’s holdings in Phillips 66 were worth $2,088,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Groupama Asset Managment raised its position in shares of Phillips 66 by 108.8% during the fourth quarter. Groupama Asset Managment now owns 21,800 shares of the oil and gas company’s stock worth $2,441,000 after purchasing an additional 11,360 shares during the period. Headlands Technologies LLC acquired a new position in Phillips 66 during the fourth quarter worth $178,000. Lokken Investment Group LLC lifted its stake in shares of Phillips 66 by 2.4% in the fourth quarter. Lokken Investment Group LLC now owns 9,272 shares of the oil and gas company’s stock valued at $1,056,000 after buying an additional 219 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Phillips 66 by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 8,530,242 shares of the oil and gas company’s stock valued at $968,844,000 after buying an additional 82,758 shares during the last quarter. Finally, Nemes Rush Group LLC increased its position in shares of Phillips 66 by 29.8% during the fourth quarter. Nemes Rush Group LLC now owns 2,104 shares of the oil and gas company’s stock worth $240,000 after acquiring an additional 483 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PSX has been the topic of several recent research reports. Wells Fargo & Company raised their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Mizuho cut their target price 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. Barclays increased their price target on Phillips 66 from $115.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, March 14th. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group lowered shares of Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price target on the stock. in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus price target of $146.43.

Phillips 66 Price Performance

NYSE PSX opened at $124.38 on Wednesday. The company has a market cap of $50.71 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31. 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 firm’s 50-day simple moving average is $124.90 and its two-hundred day simple moving average is $125.49. Phillips 66 has a 52 week low of $108.91 and a 52 week high of $174.08.

Phillips 66 (NYSE:PSX) last released 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 net margin of 1.46% and a return on equity of 8.58%. During the same quarter in the previous year, the business earned $3.09 earnings per share. Research analysts predict that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.70%. Phillips 66’s dividend payout ratio (DPR) is presently 93.12%.

About Phillips 66

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.