Corient Private Wealth LLC Has $106.57 Million Holdings in Phillips 66 (NYSE:PSX)

Corient Private Wealth LLC lifted its holdings in shares of Phillips 66 (NYSE:PSX) by 25.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 935,425 shares of the oil and gas company’s stock after purchasing an additional 188,303 shares during the quarter. Corient Private Wealth LLC owned 0.23% of Phillips 66 worth $106,573,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PSX. Hills Bank & Trust Co raised its holdings in Phillips 66 by 7.4% in the 4th quarter. Hills Bank & Trust Co now owns 3,643 shares of the oil and gas company’s stock valued at $415,000 after acquiring an additional 252 shares in the last quarter. Intact Investment Management Inc. acquired a new position in Phillips 66 in the fourth quarter valued at about $68,000. LBP AM SA lifted its position in Phillips 66 by 217.9% during the fourth quarter. LBP AM SA now owns 68,923 shares of the oil and gas company’s stock worth $7,852,000 after purchasing an additional 47,242 shares during the period. Thompson Siegel & Walmsley LLC grew its stake in Phillips 66 by 8.3% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 3,222 shares of the oil and gas company’s stock worth $367,000 after buying an additional 248 shares in the last quarter. Finally, Impact Capital Partners LLC bought a new position in Phillips 66 in the 4th quarter valued at about $744,000. 76.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PSX. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Friday, January 3rd. Barclays lifted their price target on Phillips 66 from $115.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday. Piper Sandler downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Mizuho decreased their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock 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 report on Sunday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.43.

Phillips 66 Price Performance

Shares of NYSE:PSX opened at $126.84 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a 52 week low of $108.91 and a 52 week high of $174.08. The firm has a market cap of $51.71 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31. The firm’s fifty day moving average is $122.82 and its 200-day moving average is $125.90.

Phillips 66 (NYSE:PSX) last announced 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 return on equity of 8.58% and a net margin of 1.46%. During the same period last year, the company earned $3.09 EPS. Sell-side analysts predict that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66’s dividend payout ratio is presently 93.12%.

Phillips 66 Company 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.