Pathway Financial Advisers LLC Purchases 222 Shares of Phillips 66 (NYSE:PSX)

Pathway Financial Advisers LLC raised its position in Phillips 66 (NYSE:PSX) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,711 shares of the oil and gas company’s stock after purchasing an additional 222 shares during the quarter. Pathway Financial Advisers LLC’s holdings in Phillips 66 were worth $1,334,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its holdings in Phillips 66 by 22.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,483 shares of the oil and gas company’s stock valued at $721,000 after acquiring an additional 1,014 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of Phillips 66 during the third quarter worth $75,000. Capital Advisors Wealth Management LLC boosted its stake in shares of Phillips 66 by 1.7% during the third quarter. Capital Advisors Wealth Management LLC now owns 8,346 shares of the oil and gas company’s stock valued at $1,097,000 after purchasing an additional 141 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of Phillips 66 by 171.3% in the third quarter. Vontobel Holding Ltd. now owns 31,424 shares of the oil and gas company’s stock worth $4,131,000 after purchasing an additional 19,842 shares during the last quarter. Finally, SPC Financial Inc. lifted its holdings in Phillips 66 by 5.1% during the 3rd quarter. SPC Financial Inc. now owns 2,094 shares of the oil and gas company’s stock valued at $275,000 after buying an additional 102 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Price Performance

Shares of PSX opened at $125.05 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’s fifty day moving average price is $118.83 and its 200-day moving average price is $127.55. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The firm has a market capitalization of $51.64 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 5.64 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share 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 in the previous year, the company posted $3.09 EPS. On average, equities research analysts predict that Phillips 66 will post 7.14 EPS for the current year.

Phillips 66 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.68%. Phillips 66’s dividend payout ratio (DPR) is presently 93.12%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PSX shares. StockNews.com cut Phillips 66 from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. Bank of America assumed coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They set a “buy” rating and a $156.00 price objective on the stock. Mizuho reduced their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company boosted their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Phillips 66 presently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

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.