Phillips 66 (NYSE:PSX) Shares Purchased by Demars Financial Group LLC

Demars Financial Group LLC grew its position in shares of Phillips 66 (NYSE:PSX) by 10,390.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 446,036 shares of the oil and gas company’s stock after purchasing an additional 441,784 shares during the quarter. Demars Financial Group LLC’s holdings in Phillips 66 were worth $50,817,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PSX. Bogart Wealth LLC boosted its stake in Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 120 shares during the period. J.Safra Asset Management Corp bought a new stake in shares of Phillips 66 during the fourth quarter valued at approximately $25,000. Stephens Consulting LLC boosted its position in shares of Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after buying an additional 111 shares during the period. Graney & King LLC acquired a new position in shares of Phillips 66 during the fourth quarter worth approximately $28,000. Finally, Human Investing LLC bought a new position in Phillips 66 in the 4th quarter worth approximately $30,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Price Performance

NYSE PSX opened at $96.59 on Thursday. Phillips 66 has a 1 year low of $91.01 and a 1 year high of $159.86. The business’s fifty day moving average is $119.48 and its two-hundred day moving average is $122.90. The stock has a market capitalization of $39.35 billion, a P/E ratio of 19.55, a P/E/G ratio of 4.84 and a beta of 1.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (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 period last year, the business earned $3.09 EPS. On average, research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66’s dividend payout ratio (DPR) is currently 93.12%.

Analyst Ratings Changes

A number of brokerages have issued reports on PSX. Mizuho reduced their price target on Phillips 66 from $140.00 to $132.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Raymond James decreased their target price on shares of Phillips 66 from $150.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company boosted their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group cut shares of Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price objective for the company. in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus target price of $142.00.

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.