Natixis Advisors LLC Reduces Holdings in Phillips 66 (NYSE:PSX)

Natixis Advisors LLC lessened its stake in Phillips 66 (NYSE:PSX - Free Report) by 17.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 254,913 shares of the oil and gas company's stock after selling 55,149 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Phillips 66 worth $33,509,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Mitchell & Pahl Private Wealth LLC raised its position in Phillips 66 by 0.4% in the second quarter. Mitchell & Pahl Private Wealth LLC now owns 17,847 shares of the oil and gas company's stock valued at $2,519,000 after purchasing an additional 74 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in Phillips 66 by 5.1% in the 2nd quarter. Catalyst Financial Partners LLC now owns 1,514 shares of the oil and gas company's stock valued at $214,000 after buying an additional 74 shares during the last quarter. Advisory Alpha LLC boosted its position in Phillips 66 by 4.8% during the 2nd quarter. Advisory Alpha LLC now owns 1,648 shares of the oil and gas company's stock worth $233,000 after buying an additional 76 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Phillips 66 by 1.8% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,363 shares of the oil and gas company's stock worth $616,000 after acquiring an additional 77 shares during the last quarter. Finally, Krane Funds Advisors LLC lifted its holdings in shares of Phillips 66 by 3.6% during the third quarter. Krane Funds Advisors LLC now owns 2,350 shares of the oil and gas company's stock worth $309,000 after purchasing an additional 82 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PSX has been the topic of a number of analyst reports. TD Cowen reduced their price target on Phillips 66 from $162.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, September 11th. Bank of America initiated coverage on Phillips 66 in a research note on Thursday, October 17th. They issued a "buy" rating and a $156.00 price objective on the stock. Wells Fargo & Company decreased their target price on shares of Phillips 66 from $182.00 to $167.00 and set an "overweight" rating for the company in a research report on Wednesday, October 9th. Scotiabank dropped their price target on shares of Phillips 66 from $145.00 to $136.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Finally, Mizuho decreased their price objective on shares of Phillips 66 from $154.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $149.69.

Phillips 66 Stock Up 1.2 %

NYSE:PSX traded up $1.54 on Monday, hitting $131.32. The stock had a trading volume of 2,356,405 shares, compared to its average volume of 2,661,247. Phillips 66 has a 1 year low of $114.94 and a 1 year high of $174.08. The firm's fifty day simple moving average is $129.75 and its two-hundred day simple moving average is $135.73. 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 stock has a market cap of $54.23 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 4.29 and a beta of 1.33.

Phillips 66 (NYSE:PSX - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.41. The business had revenue of $36.16 billion for the quarter, compared to analyst estimates of $36.31 billion. Phillips 66 had a return on equity of 13.12% and a net margin of 2.24%. Phillips 66's quarterly revenue was down 10.3% compared to the same quarter last year. During the same period last year, the company posted $4.63 earnings per share. Analysts predict that Phillips 66 will post 7.63 earnings per share for the current year.

Phillips 66 Dividend Announcement

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

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.