Retirement Planning Co of New England Inc. Has $707,000 Stock Position in Phillips 66 (NYSE:PSX)

Retirement Planning Co of New England Inc. boosted its stake in shares of Phillips 66 (NYSE:PSX) by 5.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,206 shares of the oil and gas company’s stock after buying an additional 322 shares during the period. Retirement Planning Co of New England Inc.’s holdings in Phillips 66 were worth $707,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its holdings in Phillips 66 by 10.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company’s stock worth $5,349,000 after buying an additional 4,515 shares during the period. Flavin Financial Services Inc. acquired a new stake in Phillips 66 during the 4th quarter worth approximately $1,190,000. Everence Capital Management Inc. acquired a new stake in Phillips 66 during the 4th quarter worth approximately $3,033,000. Donoghue Forlines LLC acquired a new stake in shares of Phillips 66 in the fourth quarter valued at approximately $1,438,000. Finally, Smith Group Asset Management LLC acquired a new stake in shares of Phillips 66 in the fourth quarter valued at approximately $1,149,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Trading Up 2.0 %

PSX stock opened at $129.27 on Tuesday. 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 company has a fifty day moving average price of $123.11 and a two-hundred day moving average price of $125.85. Phillips 66 has a one year low of $108.91 and a one year high of $174.08. The stock has a market cap of $52.70 billion, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates 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 firm earned $3.09 EPS. Equities analysts anticipate that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a yield of 3.56%. Phillips 66’s dividend payout ratio (DPR) is 93.12%.

Analyst Ratings Changes

A number of analysts have recently issued reports on PSX shares. Mizuho lowered their price objective 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 lifted their price objective on shares of Phillips 66 from $115.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a report on Friday, January 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $149.43.

About Phillips 66

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.