Mader & Shannon Wealth Management Inc. Makes New $3.44 Million Investment in Phillips 66 (NYSE:PSX)

Mader & Shannon Wealth Management Inc. purchased a new position in shares of Phillips 66 (NYSE:PSX) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 30,229 shares of the oil and gas company’s stock, valued at approximately $3,444,000. Phillips 66 accounts for approximately 2.1% of Mader & Shannon Wealth Management Inc.’s holdings, making the stock its 13th biggest position.

Several other institutional investors also recently modified their holdings of the business. Corps Capital Advisors LLC acquired a new stake in shares of Phillips 66 during the 4th quarter worth approximately $412,000. Ieq Capital LLC grew its position in shares of Phillips 66 by 61.3% during the 4th quarter. Ieq Capital LLC now owns 23,999 shares of the oil and gas company’s stock worth $2,734,000 after buying an additional 9,124 shares during the period. Private Advisor Group LLC grew its position in shares of Phillips 66 by 5.7% during the 4th quarter. Private Advisor Group LLC now owns 36,890 shares of the oil and gas company’s stock worth $4,203,000 after buying an additional 1,975 shares during the period. Atlas Legacy Advisors LLC acquired a new stake in shares of Phillips 66 during the 4th quarter worth approximately $531,000. Finally, Bank of Jackson Hole Trust acquired a new stake in shares of Phillips 66 during the 4th quarter worth approximately $69,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Down 0.1 %

Phillips 66 stock opened at $130.12 on Thursday. The stock has a market capitalization of $53.74 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 4.79 and a beta of 1.37. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average of $118.90 and a 200-day moving average of $127.10.

Phillips 66 (NYSE:PSX) last announced 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 business posted $3.09 earnings per share. On average, equities research analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Monday, February 24th. Phillips 66’s dividend payout ratio is presently 93.12%.

Analysts Set New Price Targets

PSX has been the subject of several analyst reports. UBS Group lowered their price target 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. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Mizuho decreased their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Barclays decreased their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.00.

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.