ExodusPoint Capital Management LP Grows Stock Holdings in Phillips 66 (NYSE:PSX)

ExodusPoint Capital Management LP grew its holdings in shares of Phillips 66 (NYSE:PSX) by 43.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 211,037 shares of the oil and gas company’s stock after purchasing an additional 64,287 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.05% of Phillips 66 worth $24,043,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PSX. Point72 Hong Kong Ltd acquired a new position in shares of Phillips 66 during the 3rd quarter valued at about $40,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Phillips 66 during the third quarter worth approximately $292,000. Benjamin Edwards Inc. raised its stake in Phillips 66 by 557.0% during the third quarter. Benjamin Edwards Inc. now owns 30,072 shares of the oil and gas company’s stock worth $3,954,000 after purchasing an additional 25,495 shares during the period. Holocene Advisors LP acquired a new position in shares of Phillips 66 in the 3rd quarter valued at $6,386,000. Finally, Janus Henderson Group PLC grew its stake in shares of Phillips 66 by 359.5% during the 3rd quarter. Janus Henderson Group PLC now owns 228,165 shares of the oil and gas company’s stock valued at $29,992,000 after buying an additional 178,515 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Price Performance

PSX stock opened at $124.11 on Thursday. The stock’s 50 day moving average is $125.02 and its two-hundred day moving average is $125.48. Phillips 66 has a 52-week low of $108.91 and a 52-week high of $174.08. The company has a market capitalization of $50.60 billion, a PE ratio of 25.12, a P/E/G ratio of 4.84 and a beta of 1.31. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last issued its quarterly 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 quarter in the prior year, the business posted $3.09 earnings per share. Analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 annualized dividend and a dividend yield of 3.71%. Phillips 66’s payout ratio is 93.12%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. StockNews.com downgraded Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Friday, January 3rd. Wells Fargo & Company lifted their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Barclays increased their price objective 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, March 14th. Finally, The Goldman Sachs Group downgraded shares of Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 target price on the stock. in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.43.

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.