Phillips 66 (NYSE:PSX) Shares Acquired by Howard Capital Management Inc.

Howard Capital Management Inc. grew its holdings in Phillips 66 (NYSE:PSX) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,843 shares of the oil and gas company’s stock after purchasing an additional 144 shares during the quarter. Howard Capital Management Inc.’s holdings in Phillips 66 were worth $324,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. WESPAC Advisors LLC boosted its position in Phillips 66 by 5.9% during the fourth quarter. WESPAC Advisors LLC now owns 4,185 shares of the oil and gas company’s stock worth $477,000 after acquiring an additional 235 shares during the last quarter. JBR Co Financial Management Inc boosted its position in Phillips 66 by 0.9% during the fourth quarter. JBR Co Financial Management Inc now owns 9,520 shares of the oil and gas company’s stock worth $1,085,000 after acquiring an additional 85 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Phillips 66 by 5.2% during the fourth quarter. First Horizon Advisors Inc. now owns 2,974 shares of the oil and gas company’s stock worth $339,000 after acquiring an additional 148 shares during the last quarter. Pinnacle Financial Partners Inc boosted its position in Phillips 66 by 11.0% during the fourth quarter. Pinnacle Financial Partners Inc now owns 6,413 shares of the oil and gas company’s stock worth $749,000 after acquiring an additional 637 shares during the last quarter. Finally, Navellier & Associates Inc. boosted its position in Phillips 66 by 10.6% during the fourth quarter. Navellier & Associates Inc. now owns 52,830 shares of the oil and gas company’s stock worth $6,019,000 after acquiring an additional 5,071 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PSX shares. Wells Fargo & Company raised 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. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. StockNews.com upgraded shares of Phillips 66 from a “sell” rating to a “hold” rating in a report on Saturday. Barclays decreased their price target on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, UBS Group decreased their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Phillips 66 has an average rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Stock Performance

Shares of PSX stock opened at $127.30 on Tuesday. The company’s fifty day simple moving average is $119.39 and its 200-day simple moving average is $126.97. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The company has a market cap of $52.57 billion, a PE ratio of 25.77, a P/E/G ratio of 4.84 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS 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 quarter in the previous year, the company posted $3.09 earnings per share. As a group, equities research analysts anticipate 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 will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Monday, February 24th. Phillips 66’s dividend payout ratio (DPR) is 93.12%.

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.