Aster Capital Management DIFC Ltd Invests $1.67 Million in Phillips 66 (NYSE:PSX)

Aster Capital Management DIFC Ltd purchased a new position in shares of Phillips 66 (NYSE:PSX) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 14,651 shares of the oil and gas company’s stock, valued at approximately $1,669,000. Phillips 66 comprises approximately 0.6% of Aster Capital Management DIFC Ltd’s portfolio, making the stock its 17th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bogart Wealth LLC increased its stake in shares of Phillips 66 by 120.0% in the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 120 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in Phillips 66 during the 4th quarter worth about $25,000. Stephens Consulting LLC grew its holdings in Phillips 66 by 83.5% during the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 111 shares during the last quarter. Graney & King LLC acquired a new stake in Phillips 66 in the 4th quarter valued at about $28,000. Finally, Human Investing LLC bought a new position in shares of Phillips 66 in the fourth quarter worth about $30,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. StockNews.com cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Sunday, March 2nd. Wells Fargo & Company increased their price objective on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Finally, Mizuho decreased their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Phillips 66 currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.43.

Phillips 66 Stock Performance

Shares of PSX stock opened at $98.65 on Friday. The stock has a market cap of $40.22 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 4.84 and a beta of 1.17. The stock has a 50-day moving average of $124.24 and a 200-day moving average of $125.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. Phillips 66 has a one year low of $95.67 and a one year high of $171.41.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) 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 quarter in the prior year, the company posted $3.09 earnings per share. As a group, sell-side analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 4.66%. Phillips 66’s dividend payout ratio is presently 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.