SPC Financial Inc. Has $250,000 Stake in Phillips 66 (NYSE:PSX)

SPC Financial Inc. increased its stake in shares of Phillips 66 (NYSE:PSX) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,194 shares of the oil and gas company’s stock after purchasing an additional 100 shares during the period. SPC Financial Inc.’s holdings in Phillips 66 were worth $250,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PSX. Van ECK Associates Corp increased its holdings in shares of Phillips 66 by 263.3% during the 3rd quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock valued at $10,753,000 after acquiring an additional 60,355 shares during the last quarter. Radnor Capital Management LLC acquired a new position in shares of Phillips 66 during the 3rd quarter valued at about $282,000. Harvest Portfolios Group Inc. increased its holdings in shares of Phillips 66 by 20.5% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 12,147 shares of the oil and gas company’s stock valued at $1,597,000 after acquiring an additional 2,063 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in Phillips 66 by 4.4% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 20,574 shares of the oil and gas company’s stock valued at $2,704,000 after buying an additional 865 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Phillips 66 by 2.8% in the 3rd quarter. Principal Financial Group Inc. now owns 530,807 shares of the oil and gas company’s stock valued at $69,775,000 after buying an additional 14,209 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Price Performance

Phillips 66 stock opened at $119.88 on Thursday. 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 company has a market capitalization of $48.88 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37. Phillips 66 has a one year low of $108.91 and a one year high of $174.08. The business has a 50 day simple moving average of $121.27 and a 200 day simple moving average of $126.47.

Phillips 66 (NYSE:PSX) last posted 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 return on equity of 8.58% and a net margin of 1.46%. During the same period in the prior year, the company posted $3.09 EPS. On average, sell-side analysts forecast that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $1.15 per share. The ex-dividend date was Monday, February 24th. This represents a $4.60 annualized dividend and a dividend yield of 3.84%. Phillips 66’s dividend payout ratio (DPR) is presently 93.12%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PSX shares. Mizuho lowered their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. StockNews.com lowered Phillips 66 from a “hold” rating to a “sell” rating in a report on Sunday. Barclays lowered 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. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Finally, Wells Fargo & Company raised their target price on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

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.