Brandywine Global Investment Management LLC boosted its holdings in shares of Phillips 66 (NYSE:PSX) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 569,169 shares of the oil and gas company’s stock after purchasing an additional 20,627 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.12% of Phillips 66 worth $49,034,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Caxton Associates LP increased its holdings in shares of Phillips 66 by 4.8% in the fourth quarter. Caxton Associates LP now owns 8,978 shares of the oil and gas company’s stock valued at $773,000 after purchasing an additional 408 shares during the last quarter. RPg Family Wealth Advisory LLC increased its holdings in shares of Phillips 66 by 6,990.3% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 33,608 shares of the oil and gas company’s stock valued at $2,895,000 after purchasing an additional 33,134 shares during the last quarter. HRS Investment Holdings LLC increased its holdings in shares of Phillips 66 by 33.3% in the fourth quarter. HRS Investment Holdings LLC now owns 20,000 shares of the oil and gas company’s stock valued at $1,723,000 after purchasing an additional 5,000 shares during the last quarter. Dana Investment Advisors Inc. acquired a new stake in shares of Phillips 66 in the fourth quarter valued at approximately $274,000. Finally, QS Investors LLC increased its holdings in shares of Phillips 66 by 29.7% in the fourth quarter. QS Investors LLC now owns 245,013 shares of the oil and gas company’s stock valued at $21,108,000 after purchasing an additional 56,091 shares during the last quarter. Institutional investors own 69.30% of the company’s stock.
Several equities research analysts recently commented on PSX shares. Morgan Stanley cut their price target on Phillips 66 from $140.00 to $120.00 and set a “hold” rating for the company in a report on Tuesday, November 20th. Jefferies Financial Group raised Phillips 66 from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. ValuEngine cut Phillips 66 from a “hold” rating to a “sell” rating in a report on Friday, November 23rd. Raymond James cut their price target on Phillips 66 from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, December 31st. Finally, Tudor Pickering raised Phillips 66 from a “hold” rating to a “buy” rating in a report on Friday, February 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Phillips 66 currently has a consensus rating of “Hold” and a consensus target price of $118.75.
In related news, Chairman Greg C. Garland sold 42,728 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $97.61, for a total value of $4,170,680.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.56% of the company’s stock.
Shares of Phillips 66 stock opened at $98.52 on Friday. The company has a market capitalization of $44.30 billion, a P/E ratio of 8.41, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. Phillips 66 has a fifty-two week low of $78.44 and a fifty-two week high of $123.97. The company has a quick ratio of 1.08, a current ratio of 1.48 and a debt-to-equity ratio of 0.41.
Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Friday, February 8th. The oil and gas company reported $4.87 earnings per share for the quarter, topping the consensus estimate of $2.76 by $2.11. The company had revenue of $29.84 billion during the quarter, compared to analyst estimates of $35.51 billion. Phillips 66 had a return on equity of 21.71% and a net margin of 4.90%. During the same period in the prior year, the business posted $1.07 earnings per share. Equities research analysts predict that Phillips 66 will post 8.39 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 19th were given a $0.80 dividend. The ex-dividend date of this dividend was Friday, February 15th. This represents a $3.20 annualized dividend and a yield of 3.25%. Phillips 66’s payout ratio is 27.33%.
Phillips 66 Profile
Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.
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