Capital Analysts LLC Lowers Holdings in Phillips 66 (NYSE:PSX)

Capital Analysts LLC trimmed its position in Phillips 66 (NYSE:PSX) by 28.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,050 shares of the oil and gas company’s stock after selling 815 shares during the quarter. Capital Analysts LLC’s holdings in Phillips 66 were worth $234,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its stake in shares of Phillips 66 by 10.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company’s stock worth $5,349,000 after purchasing an additional 4,515 shares during the last quarter. Flavin Financial Services Inc. purchased a new stake in shares of Phillips 66 during the 4th quarter worth $1,190,000. Everence Capital Management Inc. purchased a new stake in shares of Phillips 66 during the 4th quarter worth $3,033,000. Donoghue Forlines LLC purchased a new stake in shares of Phillips 66 during the 4th quarter worth $1,438,000. Finally, Smith Group Asset Management LLC purchased a new stake in shares of Phillips 66 during the 4th quarter worth $1,149,000. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PSX shares. The Goldman Sachs Group cut 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. Morgan Stanley reduced their target price on Phillips 66 from $140.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. UBS Group reduced their target price on Phillips 66 from $144.00 to $140.00 and set a “buy” rating on the stock in a research report on Monday. Barclays reduced their target price on Phillips 66 from $135.00 to $106.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Finally, StockNews.com raised Phillips 66 from a “sell” rating to a “hold” rating in a research report on Monday. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.07.

Phillips 66 Stock Up 1.8 %

Shares of PSX stock opened at $105.80 on Tuesday. The stock’s 50-day simple moving average is $115.31 and its 200-day simple moving average is $120.83. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The firm has a market capitalization of $43.11 billion, a PE ratio of 21.42, a P/E/G ratio of 4.84 and a beta of 1.17. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $152.19.

Phillips 66 (NYSE:PSX) last posted its earnings results on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.97). The company had revenue of $31.92 billion for the quarter, compared to analyst estimates of $31.93 billion. Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period last year, the business earned $1.90 earnings per share. Equities analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 4.54%. This is a positive change from Phillips 66’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Monday, May 19th. Phillips 66’s dividend payout ratio (DPR) is 97.17%.

Phillips 66 Company 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.