GSA Capital Partners LLP Makes New Investment in Phillips 66 (NYSE:PSX)

GSA Capital Partners LLP bought a new stake in Phillips 66 (NYSE:PSX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,213 shares of the oil and gas company’s stock, valued at approximately $817,000.

A number of other large investors also recently made changes to their positions in the company. Orion Portfolio Solutions LLC lifted its holdings in shares of Phillips 66 by 13.0% during the first quarter. Orion Portfolio Solutions LLC now owns 17,456 shares of the oil and gas company’s stock worth $2,851,000 after buying an additional 2,009 shares in the last quarter. TIAA Trust National Association boosted its holdings in Phillips 66 by 13.6% in the 1st quarter. TIAA Trust National Association now owns 16,829 shares of the oil and gas company’s stock valued at $2,749,000 after purchasing an additional 2,013 shares during the period. Allstate Corp acquired a new position in shares of Phillips 66 during the 1st quarter worth approximately $231,000. Resurgent Financial Advisors LLC increased its holdings in shares of Phillips 66 by 84.1% during the first quarter. Resurgent Financial Advisors LLC now owns 1,891 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 864 shares during the period. Finally, Trustmark National Bank Trust Department raised its position in shares of Phillips 66 by 29.9% in the first quarter. Trustmark National Bank Trust Department now owns 8,960 shares of the oil and gas company’s stock valued at $1,464,000 after buying an additional 2,060 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Up 0.9 %

Phillips 66 stock opened at $130.91 on Friday. The company has a market capitalization of $54.06 billion, a PE ratio of 16.80, a PEG ratio of 4.26 and a beta of 1.33. Phillips 66 has a 12-month low of $111.90 and a 12-month high of $174.08. The firm’s fifty day moving average is $129.75 and its 200 day moving average is $135.81. 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 announced its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.41. The firm had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.63 earnings per share. As a group, sell-side analysts predict that Phillips 66 will post 7.63 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $4.60 annualized dividend and a dividend yield of 3.51%. Phillips 66’s dividend payout ratio is 59.05%.

Analyst Ratings Changes

PSX has been the topic of a number of recent research reports. Piper Sandler set a $144.00 price objective on Phillips 66 in a research note on Thursday, October 17th. Scotiabank decreased their price target on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Mizuho dropped their price target on Phillips 66 from $154.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Raymond James increased their price objective on shares of Phillips 66 from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, UBS Group dropped their target price on shares of 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 eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $149.69.

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.