Phillips 66 (NYSE:PSX) Stock Position Cut by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC reduced its stake in Phillips 66 (NYSE:PSX - Free Report) by 83.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,900 shares of the oil and gas company's stock after selling 66,094 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Phillips 66 were worth $1,470,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Private Advisor Group LLC raised its position in Phillips 66 by 5.7% during the 4th quarter. Private Advisor Group LLC now owns 36,890 shares of the oil and gas company's stock worth $4,203,000 after buying an additional 1,975 shares during the last quarter. Atlas Legacy Advisors LLC purchased a new position in shares of Phillips 66 in the 4th quarter valued at about $531,000. Bank of Jackson Hole Trust purchased a new position in Phillips 66 in the fourth quarter valued at about $69,000. Mcdonald Partners LLC boosted its position in Phillips 66 by 2.7% during the fourth quarter. Mcdonald Partners LLC now owns 32,486 shares of the oil and gas company's stock worth $3,701,000 after purchasing an additional 866 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its stake in Phillips 66 by 71.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 21,231 shares of the oil and gas company's stock valued at $2,419,000 after acquiring an additional 8,838 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on PSX shares. Wells Fargo & Company lifted their price objective on Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Barclays lowered their price target on shares of Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. StockNews.com upgraded shares of Phillips 66 from a "sell" rating to a "hold" rating in a report on Saturday. Piper Sandler downgraded shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Finally, Wolfe Research upgraded shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a report on Friday, January 3rd. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.00.

Phillips 66 Stock Performance

Shares of NYSE PSX traded down $0.63 during midday trading on Monday, hitting $127.01. The company's stock had a trading volume of 1,700,574 shares, compared to its average volume of 3,520,043. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The firm's fifty day moving average price is $119.17 and its 200-day moving average price is $127.03. The firm has a market cap of $52.45 billion, a P/E ratio of 25.70, a P/E/G ratio of 4.84 and a beta of 1.37.

Phillips 66 (NYSE:PSX - Get Free Report) last posted 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 earned $3.09 EPS. On average, sell-side analysts forecast that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be given a $1.15 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.62%. Phillips 66's dividend payout ratio is presently 93.12%.

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.