Phillips 66 (NYSE:PSX) Shares Acquired by Hills Bank & Trust Co

Hills Bank & Trust Co grew its stake in Phillips 66 (NYSE:PSX) by 7.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,643 shares of the oil and gas company’s stock after purchasing an additional 252 shares during the period. Hills Bank & Trust Co’s holdings in Phillips 66 were worth $415,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. grew its position in shares of Phillips 66 by 20.9% during the 3rd quarter. Assetmark Inc. now owns 2,692 shares of the oil and gas company’s stock valued at $354,000 after buying an additional 466 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Phillips 66 during the 3rd quarter valued at about $817,000. Empower Advisory Group LLC grew its position in shares of Phillips 66 by 9.0% during the 3rd quarter. Empower Advisory Group LLC now owns 2,463 shares of the oil and gas company’s stock valued at $324,000 after buying an additional 204 shares during the last quarter. KBC Group NV grew its position in shares of Phillips 66 by 59.0% during the 3rd quarter. KBC Group NV now owns 51,500 shares of the oil and gas company’s stock valued at $6,770,000 after buying an additional 19,108 shares during the last quarter. Finally, Zions Bancorporation N.A. grew its position in shares of Phillips 66 by 20.6% during the 3rd quarter. Zions Bancorporation N.A. now owns 2,392 shares of the oil and gas company’s stock valued at $314,000 after buying an additional 408 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Up 3.5 %

PSX stock opened at $126.84 on Friday. Phillips 66 has a 12 month low of $108.91 and a 12 month high of $174.08. The firm has a market cap of $51.71 billion, a PE ratio of 25.68, a P/E/G ratio of 4.84 and a beta of 1.31. The firm has a 50 day simple moving average of $122.82 and a 200 day simple moving average of $125.97. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.

Phillips 66 (NYSE:PSX) last released 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 net margin of 1.46% and a return on equity of 8.58%. During the same quarter last year, the business earned $3.09 EPS. Equities 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 declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a $1.15 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 annualized dividend and a dividend yield of 3.63%. Phillips 66’s dividend payout ratio (DPR) is presently 93.12%.

Analysts Set New Price Targets

Several research firms have commented on PSX. Barclays upped their target price on shares of Phillips 66 from $115.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Wells Fargo & Company upped their target price 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. Mizuho decreased their target price on shares of 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, StockNews.com cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $149.43.

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.