Crowley Wealth Management Inc. Takes Position in Phillips 66 (NYSE:PSX)

Crowley Wealth Management Inc. bought a new stake in Phillips 66 (NYSE:PSX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 455 shares of the oil and gas company’s stock, valued at approximately $52,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PSX. Quest Partners LLC grew its stake in Phillips 66 by 324,800.0% in the third quarter. Quest Partners LLC now owns 3,249 shares of the oil and gas company’s stock valued at $427,000 after purchasing an additional 3,248 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Phillips 66 by 113.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,703 shares of the oil and gas company’s stock valued at $750,000 after purchasing an additional 3,030 shares in the last quarter. Nwam LLC purchased a new position in Phillips 66 in the third quarter valued at about $498,000. Meridian Wealth Management LLC purchased a new position in Phillips 66 in the third quarter valued at about $203,000. Finally, Great Valley Advisor Group Inc. grew its stake in Phillips 66 by 1.8% in the third quarter. Great Valley Advisor Group Inc. now owns 15,499 shares of the oil and gas company’s stock valued at $2,037,000 after purchasing an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Analyst Ratings Changes

PSX has been the subject of a number of analyst reports. Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Mizuho reduced their price target 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. StockNews.com cut Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. Finally, Barclays boosted their price target on Phillips 66 from $115.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.54.

Phillips 66 Trading Down 2.6 %

Phillips 66 stock opened at $125.51 on Monday. The business has a 50 day moving average price of $124.11 and a two-hundred day moving average price of $125.60. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The stock has a market cap of $51.17 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31. Phillips 66 has a 12 month low of $108.91 and a 12 month high of $174.08.

Phillips 66 (NYSE:PSX) last posted its quarterly 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 period last year, the firm posted $3.09 earnings per share. As a group, equities analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a $1.15 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.67%. Phillips 66’s dividend payout ratio (DPR) is 93.12%.

About Phillips 66

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.