Blair William & Co. IL Decreases Stake in Phillips 66 (NYSE:PSX)

Blair William & Co. IL lessened its holdings in Phillips 66 (NYSE:PSX) by 14.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 170,597 shares of the oil and gas company’s stock after selling 29,938 shares during the period. Blair William & Co. IL’s holdings in Phillips 66 were worth $19,436,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC raised its position in Phillips 66 by 120.0% in the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 120 shares during the period. J.Safra Asset Management Corp bought a new stake in shares of Phillips 66 in the 4th quarter worth approximately $25,000. Stephens Consulting LLC lifted its stake in Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 111 shares during the last quarter. Graney & King LLC bought a new position in Phillips 66 during the fourth quarter valued at $28,000. Finally, Human Investing LLC purchased a new stake in Phillips 66 in the fourth quarter worth $30,000. 76.93% of the stock is owned by institutional investors.

Phillips 66 Trading Down 2.4 %

Shares of PSX stock opened at $121.67 on Friday. The business has a 50-day moving average price of $124.76 and a two-hundred day moving average price of $125.52. Phillips 66 has a 12-month low of $108.91 and a 12-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 firm has a market cap of $49.60 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results 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 net margin of 1.46% and a return on equity of 8.58%. 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 fiscal year.

Phillips 66 Dividend Announcement

The firm also recently declared 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 was Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.78%. Phillips 66’s payout ratio is 93.12%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PSX. Wells Fargo & Company increased their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. StockNews.com lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. Mizuho cut 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 boosted their target price on shares of Phillips 66 from $115.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and an average target price of $146.43.

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.