Oxford Asset Management LLP Purchases Shares of 2,667 Phillips 66 (NYSE:PSX)

Oxford Asset Management LLP acquired a new position in Phillips 66 (NYSE:PSX) in the fourth quarter, HoldingsChannel reports. The firm acquired 2,667 shares of the oil and gas company’s stock, valued at approximately $304,000.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Raymond James decreased their price objective on shares of Phillips 66 from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Scotiabank reduced their price objective on Phillips 66 from $136.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group downgraded 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. Finally, Mizuho decreased their price objective on Phillips 66 from $140.00 to $132.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Phillips 66 currently has a consensus rating of “Moderate Buy” and an average price target of $140.43.

Phillips 66 Trading Down 0.7 %

Shares of PSX stock opened at $103.98 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $42.37 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 4.84 and a beta of 1.17. Phillips 66 has a 12-month low of $91.01 and a 12-month high of $152.19. The stock’s 50-day moving average price is $115.80 and its 200-day moving average price is $121.04.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.97). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. The company had revenue of $31.92 billion for the quarter, compared to the consensus estimate of $31.93 billion. During the same period in the previous year, the firm earned $1.90 earnings per share. Equities research analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Monday, May 19th. This is a positive change from Phillips 66’s previous quarterly dividend of $1.15. Phillips 66’s payout ratio is 97.17%.

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.