Altrius Capital Management Inc Purchases 1,881 Shares of Phillips 66 (NYSE:PSX)

Altrius Capital Management Inc raised its holdings in Phillips 66 (NYSE:PSX) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,446 shares of the oil and gas company’s stock after buying an additional 1,881 shares during the quarter. Altrius Capital Management Inc’s holdings in Phillips 66 were worth $3,925,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Private Capital Management LLC raised its position in Phillips 66 by 14.7% in the third quarter. Private Capital Management LLC now owns 8,794 shares of the oil and gas company’s stock worth $1,156,000 after purchasing an additional 1,130 shares in the last quarter. Argyle Capital Management LLC boosted its stake in Phillips 66 by 6.1% in the 4th quarter. Argyle Capital Management LLC now owns 19,937 shares of the oil and gas company’s stock valued at $2,271,000 after buying an additional 1,151 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Phillips 66 by 4.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,384 shares of the oil and gas company’s stock worth $272,000 after acquiring an additional 103 shares in the last quarter. Fort Sheridan Advisors LLC increased its position in shares of Phillips 66 by 3.7% during the 4th quarter. Fort Sheridan Advisors LLC now owns 2,983 shares of the oil and gas company’s stock worth $340,000 after purchasing an additional 107 shares in the last quarter. Finally, Linscomb Wealth Inc. lifted its holdings in Phillips 66 by 7.0% during the 4th quarter. Linscomb Wealth Inc. now owns 5,583 shares of the oil and gas company’s stock valued at $636,000 after purchasing an additional 365 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Analyst Ratings Changes

PSX has been the subject of a number of research reports. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. Wells Fargo & Company boosted their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Barclays reduced their price objective on 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 dropped their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Phillips 66 Stock Performance

PSX stock opened at $127.39 on Friday. Phillips 66 has a 1-year low of $108.90 and a 1-year 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 firm has a market cap of $51.94 billion, a PE ratio of 25.79, a P/E/G ratio of 4.84 and a beta of 1.37. The business’s 50-day moving average price is $120.21 and its two-hundred day moving average price is $126.90.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (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 period last year, the business earned $3.09 earnings per share. As a group, research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be given a $1.15 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.61%. Phillips 66’s dividend payout ratio is currently 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.