Mufg Securities Americas Inc. Purchases Shares of 6,097 Phillips 66 (NYSE:PSX)

Mufg Securities Americas Inc. purchased a new stake in Phillips 66 (NYSE:PSX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,097 shares of the oil and gas company’s stock, valued at approximately $695,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PSX. Capital Investment Advisors LLC lifted its position in shares of Phillips 66 by 41.3% during the 4th quarter. Capital Investment Advisors LLC now owns 4,145 shares of the oil and gas company’s stock valued at $472,000 after acquiring an additional 1,211 shares during the last quarter. Wedmont Private Capital lifted its stake in Phillips 66 by 14.1% during the fourth quarter. Wedmont Private Capital now owns 6,856 shares of the oil and gas company’s stock valued at $781,000 after buying an additional 847 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Phillips 66 during the fourth quarter valued at about $125,000. Oak Thistle LLC purchased a new stake in Phillips 66 during the fourth quarter valued at about $802,000. Finally, Fifth Third Wealth Advisors LLC lifted its stake in Phillips 66 by 4.6% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 5,490 shares of the oil and gas company’s stock valued at $625,000 after buying an additional 241 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on PSX shares. Wells Fargo & Company reduced their price objective on shares of Phillips 66 from $162.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Mizuho increased their target price on Phillips 66 from $132.00 to $138.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group reduced their target price on Phillips 66 from $144.00 to $140.00 and set a “buy” rating for the company in a report on Monday, April 28th. StockNews.com upgraded Phillips 66 from a “sell” rating to a “hold” rating in a report on Monday, April 28th. Finally, TD Cowen increased their target price on Phillips 66 from $114.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $137.86.

Phillips 66 Price Performance

Shares of NYSE:PSX opened at $124.35 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $150.12. The business has a fifty day simple moving average of $111.60 and a 200 day simple moving average of $119.26. The firm has a market cap of $50.66 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 4.84 and a beta of 1.01.

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

Phillips 66 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors 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 yield of 3.86%. 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 dividend payout ratio (DPR) is presently 109.34%.

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.