UniSuper Management Pty Ltd Boosts Stock Holdings in Phillips 66 (NYSE:PSX)

UniSuper Management Pty Ltd lifted its stake in Phillips 66 (NYSE:PSX) by 25.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,747 shares of the oil and gas company’s stock after purchasing an additional 6,662 shares during the period. UniSuper Management Pty Ltd’s holdings in Phillips 66 were worth $3,731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Phillips 66 by 113.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,703 shares of the oil and gas company’s stock worth $750,000 after buying an additional 3,030 shares during the period. Townsquare Capital LLC increased its position in shares of Phillips 66 by 6.3% in the 3rd quarter. Townsquare Capital LLC now owns 24,125 shares of the oil and gas company’s stock valued at $3,171,000 after purchasing an additional 1,427 shares during the last quarter. Cynosure Group LLC acquired a new stake in shares of Phillips 66 in the 3rd quarter valued at $201,000. CreativeOne Wealth LLC lifted its position in shares of Phillips 66 by 43.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 3,697 shares of the oil and gas company’s stock worth $486,000 after purchasing an additional 1,128 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Phillips 66 by 4.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,608 shares of the oil and gas company’s stock worth $11,253,000 after purchasing an additional 3,889 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Stock Down 2.4 %

Shares of Phillips 66 stock opened at $121.67 on Friday. Phillips 66 has a one year low of $108.91 and a one year high of $174.08. The company has a market cap of $49.60 billion, a P/E ratio of 24.63, a PEG ratio of 4.84 and a beta of 1.31. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The firm has a fifty day moving average of $124.76 and a two-hundred day moving average of $125.52.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates 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 in the previous year, the business posted $3.09 earnings per share. On average, analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.78%. The ex-dividend date was Monday, February 24th. Phillips 66’s payout ratio is 93.12%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Mizuho decreased their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. The Goldman Sachs Group cut Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 target price for the company. in a research note on Thursday. Wells Fargo & Company increased their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Finally, Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $146.43.

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.