Phillips 66 (NYSE:PSX) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lowered its position in Phillips 66 (NYSE:PSX - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,029,562 shares of the oil and gas company's stock after selling 43,721 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.49% of Phillips 66 worth $231,228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its position in shares of Phillips 66 by 7.3% during the 4th quarter. Bank of New York Mellon Corp now owns 9,344,342 shares of the oil and gas company's stock worth $1,064,601,000 after purchasing an additional 639,323 shares in the last quarter. Norges Bank acquired a new stake in shares of Phillips 66 in the fourth quarter valued at about $497,648,000. Amundi boosted its holdings in Phillips 66 by 25.7% during the fourth quarter. Amundi now owns 3,682,414 shares of the oil and gas company's stock worth $428,081,000 after buying an additional 753,653 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Phillips 66 by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,002,995 shares of the oil and gas company's stock valued at $342,131,000 after buying an additional 101,108 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Phillips 66 during the 4th quarter valued at approximately $168,790,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

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Phillips 66 Trading Up 0.7 %

Shares of NYSE PSX traded up $0.90 on Tuesday, reaching $124.38. 2,000,871 shares of the company traded hands, compared to its average volume of 2,779,255. The stock has a market capitalization of $50.71 billion, a PE ratio of 25.18, a P/E/G ratio of 4.84 and a beta of 1.31. Phillips 66 has a fifty-two week low of $108.91 and a fifty-two week 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 company has a 50 day moving average of $124.82 and a 200 day moving average of $125.50.

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) EPS for the quarter, missing the consensus estimate 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 last year, the business posted $3.09 EPS. On average, equities research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Monday, February 24th. Phillips 66's dividend payout ratio (DPR) is currently 93.12%.

Wall Street Analysts Forecast Growth

PSX has been the subject of several research reports. Wolfe Research raised 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. Piper Sandler lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. Wells Fargo & Company raised their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Barclays upped their price target on shares of Phillips 66 from $115.00 to $135.00 and gave the company an "equal weight" rating in a report on Friday, March 14th. Finally, Mizuho dropped their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. One equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $146.43.

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.