Torray Investment Partners LLC Buys 8,132 Shares of Phillips 66 (NYSE:PSX)

Torray Investment Partners LLC lifted its holdings in shares of Phillips 66 (NYSE:PSX) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 133,818 shares of the oil and gas company’s stock after purchasing an additional 8,132 shares during the period. Phillips 66 accounts for 2.2% of Torray Investment Partners LLC’s holdings, making the stock its 16th biggest holding. Torray Investment Partners LLC’s holdings in Phillips 66 were worth $15,246,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Phillips 66 by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,002,995 shares of the oil and gas company’s stock worth $342,131,000 after purchasing an additional 101,108 shares during the period. Garrett Wealth Advisory Group LLC lifted its holdings in shares of Phillips 66 by 2.4% during the fourth quarter. Garrett Wealth Advisory Group LLC now owns 6,415 shares of the oil and gas company’s stock worth $731,000 after purchasing an additional 150 shares during the period. Fidelis Capital Partners LLC lifted its holdings in shares of Phillips 66 by 5.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 3,067 shares of the oil and gas company’s stock worth $361,000 after purchasing an additional 172 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Phillips 66 during the fourth quarter worth $49,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Phillips 66 by 40.9% during the fourth quarter. Jones Financial Companies Lllp now owns 34,303 shares of the oil and gas company’s stock worth $3,908,000 after purchasing an additional 9,959 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Trading Down 3.6 %

PSX opened at $125.03 on Tuesday. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The company has a market cap of $50.97 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37. The company has a fifty day moving average price of $120.89 and a two-hundred day moving average price of $126.63.

Phillips 66 (NYSE:PSX) last posted 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 quarter in the prior year, the company earned $3.09 EPS. Analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Monday, February 24th. Phillips 66’s payout ratio is presently 93.12%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PSX shares. Mizuho cut their price target 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. Barclays dropped their target price on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, UBS Group dropped their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.00.

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.