International Assets Investment Management LLC Purchases Shares of 20,017 Phillips 66 (NYSE:PSX)

International Assets Investment Management LLC acquired a new position in shares of Phillips 66 (NYSE:PSX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,017 shares of the oil and gas company’s stock, valued at approximately $2,290,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PSX. Strategic Financial Concepts LLC acquired a new stake in shares of Phillips 66 in the 2nd quarter worth approximately $26,000. nVerses Capital LLC bought a new stake in Phillips 66 during the third quarter worth approximately $26,000. Values First Advisors Inc. acquired a new stake in Phillips 66 in the third quarter worth approximately $30,000. Point72 Hong Kong Ltd bought a new position in Phillips 66 during the 3rd quarter valued at $40,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Phillips 66 during the 2nd quarter valued at $51,000. 76.93% of the stock is owned by institutional investors.

Phillips 66 Price Performance

NYSE PSX opened at $116.26 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The firm has a market capitalization of $48.01 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 4.06 and a beta of 1.38. The company has a 50 day simple moving average of $123.34 and a 200-day simple moving average of $130.77. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08.

Phillips 66 (NYSE:PSX) last issued its earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company had revenue of $36.16 billion during the quarter, compared to analyst estimates of $36.31 billion. During the same quarter last year, the business posted $4.63 EPS. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. Equities research analysts predict that Phillips 66 will post 7.56 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were paid a $1.15 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $4.60 dividend on an annualized basis and a yield of 3.96%. Phillips 66’s dividend payout ratio (DPR) is currently 59.05%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays cut their price objective on Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. JPMorgan Chase & Co. reduced their price objective on shares of Phillips 66 from $160.00 to $141.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. Mizuho dropped their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Bank of America began coverage on shares of Phillips 66 in a report on Thursday, October 17th. They set a “buy” rating and a $156.00 target price for the company. Finally, UBS Group dropped their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Phillips 66 has an average rating of “Moderate Buy” and a consensus target price of $148.57.

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.