Amalgamated Bank Has $9.02 Million Stake in Phillips 66 (NYSE:PSX)

Amalgamated Bank trimmed its holdings in shares of Phillips 66 (NYSE:PSX - Free Report) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,201 shares of the oil and gas company's stock after selling 3,222 shares during the period. Amalgamated Bank's holdings in Phillips 66 were worth $9,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PSX. JBR Co Financial Management Inc boosted its holdings in shares of Phillips 66 by 0.9% in the 4th quarter. JBR Co Financial Management Inc now owns 9,520 shares of the oil and gas company's stock valued at $1,085,000 after purchasing an additional 85 shares in the last quarter. Webster Bank N. A. boosted its holdings in shares of Phillips 66 by 48.4% in the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 88 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its holdings in shares of Phillips 66 by 0.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 17,548 shares of the oil and gas company's stock valued at $2,307,000 after purchasing an additional 89 shares in the last quarter. Avestar Capital LLC boosted its holdings in shares of Phillips 66 by 5.1% in the 3rd quarter. Avestar Capital LLC now owns 1,885 shares of the oil and gas company's stock valued at $248,000 after purchasing an additional 92 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its holdings in shares of Phillips 66 by 3.9% in the 4th quarter. Pinnacle Bancorp Inc. now owns 2,535 shares of the oil and gas company's stock valued at $289,000 after purchasing an additional 95 shares in the last quarter. 76.93% of the stock is owned by institutional investors and hedge funds.

Phillips 66 Trading Up 1.9 %

NYSE:PSX traded up $2.40 during trading hours on Friday, hitting $129.81. 5,739,901 shares of the company were exchanged, compared to its average volume of 3,654,164. 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 company has a fifty day simple moving average of $120.60 and a 200 day simple moving average of $126.86. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The stock has a market capitalization of $52.92 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its quarterly earnings results 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 return on equity of 8.58% and a net margin of 1.46%. During the same period last year, the company earned $3.09 EPS. Sell-side analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a yield of 3.54%. Phillips 66's payout ratio is currently 93.12%.

Analyst Ratings Changes

PSX has been the subject of a number of research reports. Piper Sandler cut Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. Wolfe Research upgraded Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a research note on Friday, January 3rd. UBS Group dropped their price target on Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Mizuho dropped their price target on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Finally, Wells Fargo & Company increased their price target on Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Phillips 66 has a consensus rating of "Moderate Buy" and a consensus price target of $148.00.

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.