Shelton Capital Management Purchases 700 Shares of Phillips 66 (NYSE:PSX)

Shelton Capital Management grew its position in Phillips 66 (NYSE:PSX) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,508 shares of the oil and gas company’s stock after purchasing an additional 700 shares during the quarter. Shelton Capital Management’s holdings in Phillips 66 were worth $1,539,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Rathbones Group PLC lifted its holdings in Phillips 66 by 35.9% in the fourth quarter. Rathbones Group PLC now owns 6,750 shares of the oil and gas company’s stock valued at $769,000 after buying an additional 1,782 shares during the period. Invesco Ltd. raised its position in shares of Phillips 66 by 9.2% in the 4th quarter. Invesco Ltd. now owns 4,112,618 shares of the oil and gas company’s stock worth $468,551,000 after acquiring an additional 347,905 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Phillips 66 by 4.2% in the 4th quarter. Cerity Partners LLC now owns 68,582 shares of the oil and gas company’s stock valued at $8,075,000 after purchasing an additional 2,752 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Phillips 66 during the 4th quarter valued at about $1,669,000. Finally, Russell Investments Group Ltd. grew its stake in Phillips 66 by 9.1% during the fourth quarter. Russell Investments Group Ltd. now owns 377,406 shares of the oil and gas company’s stock worth $42,955,000 after purchasing an additional 31,441 shares during the period. 76.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Phillips 66 Price Performance

PSX stock opened at $92.51 on Wednesday. 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 business has a 50-day simple moving average of $122.54 and a two-hundred day simple moving average of $124.35. The company has a market capitalization of $37.71 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 4.84 and a beta of 1.17. Phillips 66 has a 52-week low of $91.18 and a 52-week high of $169.41.

Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the previous year, the firm posted $3.09 EPS. Research analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a $1.15 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 annualized dividend and a dividend yield of 4.97%. Phillips 66’s payout ratio is 93.12%.

Phillips 66 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.