Tradewinds LLC. Sells 454 Shares of Phillips 66 (NYSE:PSX)

Tradewinds LLC. lowered its stake in shares of Phillips 66 (NYSE:PSX) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,557 shares of the oil and gas company’s stock after selling 454 shares during the period. Tradewinds LLC.’s holdings in Phillips 66 were worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Phillips 66 Trading Up 1.6 %

PSX stock opened at $123.72 on Tuesday. Phillips 66 has a 12 month low of $108.91 and a 12 month high of $174.08. The firm’s 50-day moving average is $124.82 and its 200 day moving average is $125.50. The company has a market capitalization of $50.44 billion, a PE ratio of 25.04, a P/E/G ratio of 4.84 and a beta of 1.31. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.

Phillips 66 (NYSE:PSX) last issued its 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 return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the previous year, the business earned $3.09 EPS. On average, research analysts anticipate that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66’s dividend payout ratio is 93.12%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. The Goldman Sachs Group cut shares of Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price objective for the company. in a research note on Thursday, March 27th. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Wells Fargo & Company lifted their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, StockNews.com downgraded Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $146.43.

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.