FourThought Financial Partners LLC Trims Stock Holdings in Phillips 66 (NYSE:PSX)

FourThought Financial Partners LLC lessened its stake in Phillips 66 (NYSE:PSX - Free Report) by 56.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,382 shares of the oil and gas company's stock after selling 27,365 shares during the period. FourThought Financial Partners LLC's holdings in Phillips 66 were worth $2,436,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in shares of Phillips 66 by 263.3% during the third quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company's stock valued at $10,753,000 after acquiring an additional 60,355 shares during the last quarter. Flavin Financial Services Inc. bought a new position in shares of Phillips 66 during the fourth quarter valued at approximately $1,190,000. Everence Capital Management Inc. purchased a new position in shares of Phillips 66 during the fourth quarter valued at approximately $3,033,000. Donoghue Forlines LLC bought a new stake in shares of Phillips 66 in the 4th quarter worth approximately $1,438,000. Finally, Mizuho Securities USA LLC grew its stake in shares of Phillips 66 by 7,549.0% in the 3rd quarter. Mizuho Securities USA LLC now owns 2,500,000 shares of the oil and gas company's stock worth $328,625,000 after buying an additional 2,467,316 shares during the last quarter. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group dropped their target price on Phillips 66 from $150.00 to $138.00 and set a "buy" rating on the stock in a report on Monday, November 4th. Wells Fargo & Company upped their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Wolfe Research upgraded shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective for the company in a research note on Friday, January 3rd. Mizuho dropped 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 note on Monday, December 16th. Finally, Barclays cut their price target on shares of Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $148.00.

Phillips 66 Stock Performance

PSX traded up $2.40 during mid-day trading on Friday, reaching $129.81. 5,739,901 shares of the company traded hands, compared to its average volume of 3,654,164. The company's fifty day moving average price is $120.21 and its 200-day moving average price is $126.90. The stock has a market capitalization of $52.92 billion, a P/E ratio of 26.28, a P/E/G ratio of 4.84 and a beta of 1.37. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08.

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

Phillips 66 Dividend Announcement

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