Nomura Holdings Inc. Has $4.90 Million Position in Phillips 66 (NYSE:PSX)

Nomura Holdings Inc. trimmed its position in shares of Phillips 66 (NYSE:PSXFree Report) by 90.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,822 shares of the oil and gas company’s stock after selling 362,178 shares during the quarter. Nomura Holdings Inc.’s holdings in Phillips 66 were worth $4,902,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ables Iannone Moore & Associates Inc. acquired a new stake in Phillips 66 during the 4th quarter worth approximately $27,000. First United Bank & Trust bought a new position in shares of Phillips 66 during the fourth quarter valued at $31,000. Signature Resources Capital Management LLC acquired a new position in shares of Phillips 66 during the fourth quarter worth $33,000. Bruce G. Allen Investments LLC bought a new stake in shares of Phillips 66 in the fourth quarter worth $36,000. Finally, Gladius Capital Management LP acquired a new stake in Phillips 66 in the fourth quarter valued at $36,000. 76.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Bank of America lifted their target price on Phillips 66 from $150.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Piper Sandler dropped their price target on shares of Phillips 66 from $170.00 to $151.00 and set an “overweight” rating on the stock in a research report on Friday. The Goldman Sachs Group upped their price objective on shares of Phillips 66 from $152.00 to $174.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Scotiabank lifted their target price on shares of Phillips 66 from $148.00 to $156.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Finally, Raymond James cut their price target on shares of Phillips 66 from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Thursday, May 30th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $157.57.

Get Our Latest Research Report on Phillips 66

Insider Transactions at Phillips 66

In other Phillips 66 news, VP Joseph Scott Pruitt sold 7,200 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $157.26, for a total transaction of $1,132,272.00. Following the completion of the transaction, the vice president now directly owns 6,583 shares of the company’s stock, valued at $1,035,242.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Phillips 66 news, VP Joseph Scott Pruitt sold 7,200 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $157.26, for a total transaction of $1,132,272.00. Following the sale, the vice president now directly owns 6,583 shares of the company’s stock, valued at $1,035,242.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Timothy D. Roberts sold 37,742 shares of Phillips 66 stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $145.80, for a total transaction of $5,502,783.60. Following the completion of the transaction, the executive vice president now owns 48,365 shares of the company’s stock, valued at approximately $7,051,617. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by company insiders.

Phillips 66 Stock Performance

PSX stock traded up $0.94 during midday trading on Tuesday, hitting $138.23. The company’s stock had a trading volume of 266,742 shares, compared to its average volume of 2,714,527. The stock has a market cap of $58.60 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.87 and a beta of 1.37. The company has a quick ratio of 0.82, a current ratio of 1.17 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average price is $146.82 and its 200 day moving average price is $144.07. Phillips 66 has a 1 year low of $89.74 and a 1 year high of $174.08.

Phillips 66 (NYSE:PSXGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The oil and gas company reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.15). The company had revenue of $36.44 billion during the quarter, compared to analysts’ expectations of $35.87 billion. Phillips 66 had a return on equity of 19.19% and a net margin of 3.84%. During the same period last year, the firm posted $4.21 earnings per share. On average, equities analysts forecast that Phillips 66 will post 12.16 EPS for the current year.

Phillips 66 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were given a dividend of $1.15 per share. This is an increase from Phillips 66’s previous quarterly dividend of $1.05. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, May 17th. Phillips 66’s dividend payout ratio is currently 35.38%.

Phillips 66 Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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