Wealthspire Advisors LLC Has $1.19 Million Holdings in Phillips 66 (NYSE:PSX)

Wealthspire Advisors LLC lessened its stake in shares of Phillips 66 (NYSE:PSX) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,440 shares of the oil and gas company’s stock after selling 678 shares during the period. Wealthspire Advisors LLC’s holdings in Phillips 66 were worth $1,189,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in PSX. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Phillips 66 by 8.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 123,288 shares of the oil and gas company’s stock worth $16,206,000 after acquiring an additional 9,414 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Phillips 66 by 1.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 199,461 shares of the oil and gas company’s stock valued at $26,076,000 after buying an additional 3,094 shares in the last quarter. Semanteon Capital Management LP bought a new stake in Phillips 66 during the third quarter worth $967,000. Inscription Capital LLC lifted its position in shares of Phillips 66 by 9.2% during the 3rd quarter. Inscription Capital LLC now owns 14,640 shares of the oil and gas company’s stock worth $1,924,000 after buying an additional 1,230 shares during the last quarter. Finally, Pallas Capital Advisors LLC increased its position in Phillips 66 by 14.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 2,284 shares of the oil and gas company’s stock worth $294,000 after purchasing an additional 289 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

Shares of PSX opened at $127.30 on Tuesday. The firm’s fifty day simple moving average is $119.39 and its two-hundred day simple moving average is $126.97. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $52.57 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 period in the prior year, the business posted $3.09 EPS. As a group, analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Dividend Announcement

The business 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 dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Monday, February 24th. Phillips 66’s dividend payout ratio (DPR) is 93.12%.

Wall Street Analyst Weigh In

PSX has been the topic of several recent research reports. Piper Sandler downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Barclays reduced their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. 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. StockNews.com raised shares of Phillips 66 from a “sell” rating to a “hold” rating in a report on Saturday. Finally, UBS Group dropped 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 note on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and ten 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 $148.00.

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.