Blair William & Co. IL Sells 29,938 Shares of Phillips 66 (NYSE:PSX)

Blair William & Co. IL decreased its stake in Phillips 66 (NYSE:PSX - Free Report) by 14.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 170,597 shares of the oil and gas company's stock after selling 29,938 shares during the period. Blair William & Co. IL's holdings in Phillips 66 were worth $19,436,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bogart Wealth LLC increased its position in shares of Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock valued at $25,000 after purchasing an additional 120 shares during the period. J.Safra Asset Management Corp purchased a new position in Phillips 66 during the 4th quarter valued at about $25,000. Stephens Consulting LLC lifted its position in Phillips 66 by 83.5% in the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after buying an additional 111 shares in the last quarter. Graney & King LLC acquired a new stake in Phillips 66 during the fourth quarter valued at $28,000. Finally, Human Investing LLC bought a new position in Phillips 66 during the fourth quarter valued at approximately $30,000. Institutional investors own 76.93% of the company's stock.

Phillips 66 Trading Up 0.4 %

PSX traded up $0.49 during trading on Tuesday, reaching $123.97. 1,052,949 shares of the company's stock were exchanged, compared to its average volume of 2,776,029. The company's fifty day moving average price is $124.82 and its 200-day moving average price is $125.50. 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 $50.54 billion, a PE ratio of 25.03, 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.

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Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates 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 company posted $3.09 earnings per share. As a group, equities analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66's dividend payout ratio (DPR) is currently 93.12%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Mizuho lowered their target price on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Wolfe Research upgraded Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 target price for the company in a report on Friday, January 3rd. Piper Sandler downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Barclays boosted their target price on shares of Phillips 66 from $115.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Friday, March 14th. Finally, StockNews.com cut Phillips 66 from a "hold" rating to a "sell" rating in a research report on Sunday, March 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.