Boyd Watterson Asset Management LLC OH Acquires 250 Shares of Phillips 66 (NYSE:PSX)

Boyd Watterson Asset Management LLC OH grew its holdings in shares of Phillips 66 (NYSE:PSX) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,359 shares of the oil and gas company’s stock after buying an additional 250 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Phillips 66 were worth $1,294,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Compass Capital Corp MA ADV acquired a new position in Phillips 66 during the fourth quarter valued at approximately $327,000. WP Advisors LLC raised its stake in shares of Phillips 66 by 14.3% during the 4th quarter. WP Advisors LLC now owns 4,282 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 537 shares in the last quarter. Nicholson Wealth Management Group LLC boosted its holdings in shares of Phillips 66 by 133.1% in the 4th quarter. Nicholson Wealth Management Group LLC now owns 11,912 shares of the oil and gas company’s stock valued at $1,357,000 after buying an additional 6,802 shares during the last quarter. Mattern Capital Management LLC grew its stake in shares of Phillips 66 by 6.2% in the fourth quarter. Mattern Capital Management LLC now owns 94,376 shares of the oil and gas company’s stock valued at $10,752,000 after buying an additional 5,510 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in Phillips 66 by 0.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 20,679 shares of the oil and gas company’s stock worth $2,356,000 after buying an additional 105 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PSX. Wells Fargo & Company lifted their price objective 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. StockNews.com upgraded Phillips 66 from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group lowered their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Mizuho cut their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Barclays decreased their target price on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Phillips 66 presently has an average rating of “Moderate Buy” and an average price target of $148.00.

Phillips 66 Stock Down 2.1 %

PSX stock opened at $128.78 on Friday. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The stock has a market capitalization of $53.18 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 4.84 and a beta of 1.37. The business’s fifty day moving average price is $119.17 and its two-hundred day moving average price is $127.11.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). 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 earned $3.09 EPS. On average, equities analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a $1.15 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.57%. 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.