Phillips 66 (NYSE:PSX) Shares Sold by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY lowered its holdings in Phillips 66 (NYSE:PSX) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,325 shares of the oil and gas company’s stock after selling 223 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Phillips 66 were worth $1,974,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSX. SVB Wealth LLC purchased a new stake in shares of Phillips 66 in the 4th quarter valued at $507,000. Private Trust Co. NA increased its holdings in shares of Phillips 66 by 3.2% in the 4th quarter. Private Trust Co. NA now owns 6,896 shares of the oil and gas company’s stock valued at $786,000 after acquiring an additional 213 shares during the last quarter. Altrius Capital Management Inc lifted its position in shares of Phillips 66 by 5.8% during the 4th quarter. Altrius Capital Management Inc now owns 34,446 shares of the oil and gas company’s stock worth $3,925,000 after buying an additional 1,881 shares during the last quarter. Private Capital Management LLC boosted its stake in Phillips 66 by 14.7% in the third quarter. Private Capital Management LLC now owns 8,794 shares of the oil and gas company’s stock valued at $1,156,000 after acquiring an additional 1,130 shares in the last quarter. Finally, Argyle Capital Management LLC grew its position in Phillips 66 by 6.1% during the 4th quarter. Argyle Capital Management LLC now owns 19,937 shares of the oil and gas company’s stock worth $2,271,000 after purchasing an additional 1,151 shares during the last quarter. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PSX has been the subject of several research analyst reports. StockNews.com raised Phillips 66 from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd. Wolfe Research upgraded 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. UBS Group cut their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Barclays dropped their target price on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.00.

Phillips 66 Trading Up 1.9 %

Shares of Phillips 66 stock opened at $129.81 on Friday. The firm has a market capitalization of $52.92 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37. The firm’s 50 day moving average is $120.60 and its 200 day moving average is $126.86. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same quarter in the prior year, the business earned $3.09 earnings per share. Equities research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

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

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.