Phillips 66 (NYSE:PSX) Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise decreased its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 45.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,446 shares of the oil and gas company's stock after selling 12,946 shares during the period. Banque Cantonale Vaudoise's holdings in Phillips 66 were worth $2,030,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in shares of Phillips 66 during the 1st quarter valued at about $25,000. nVerses Capital LLC purchased a new position in shares of Phillips 66 in the 3rd quarter worth approximately $26,000. Bank & Trust Co purchased a new stake in Phillips 66 during the 2nd quarter valued at $31,000. Values First Advisors Inc. bought a new stake in Phillips 66 in the third quarter worth $30,000. Finally, Opal Wealth Advisors LLC bought a new position in Phillips 66 during the second quarter valued at $34,000. 76.93% of the stock is owned by institutional investors.

Phillips 66 Stock Performance

Shares of Phillips 66 stock traded down $0.04 on Thursday, reaching $131.41. 2,213,034 shares of the stock were exchanged, compared to its average volume of 2,657,626. Phillips 66 has a twelve month low of $114.94 and a twelve month high of $174.08. The business has a 50 day moving average price of $130.03 and a two-hundred day moving average price of $135.52. 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 capitalization of $54.27 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 4.29 and a beta of 1.33.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.63 by $0.41. The business had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The business's revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.63 EPS. Analysts anticipate that Phillips 66 will post 7.63 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.50%. Phillips 66's payout ratio is 59.05%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PSX. Morgan Stanley reduced their price objective on shares of Phillips 66 from $150.00 to $144.00 and set an "equal weight" rating on the stock in a research report on Monday, September 16th. UBS Group dropped their price objective on Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a report on Monday, November 4th. Scotiabank reduced their target price on Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Barclays lowered their target price on shares of Phillips 66 from $133.00 to $124.00 and set an "equal weight" rating for the company in a research note on Monday, November 11th. Finally, Bank of America began coverage on shares of Phillips 66 in a research note on Thursday, October 17th. They issued a "buy" rating and a $156.00 price target on the stock. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Phillips 66 presently has a consensus rating of "Moderate Buy" and an average price target of $149.69.

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.