Natixis Sells 179,761 Shares of Phillips 66 (NYSE:PSX)

Natixis decreased its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 87.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,417 shares of the oil and gas company's stock after selling 179,761 shares during the period. Natixis' holdings in Phillips 66 were worth $3,010,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its position in Phillips 66 by 10.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company's stock worth $5,349,000 after buying an additional 4,515 shares during the period. Flavin Financial Services Inc. bought a new position in Phillips 66 during the 4th quarter worth $1,190,000. Everence Capital Management Inc. bought a new position in Phillips 66 during the 4th quarter worth $3,033,000. Donoghue Forlines LLC bought a new position in Phillips 66 during the 4th quarter worth $1,438,000. Finally, Smith Group Asset Management LLC bought a new position in Phillips 66 during the 4th quarter worth $1,149,000. Institutional investors own 76.93% of the company's stock.

Wall Street Analyst Weigh In

PSX has been the subject of a number of recent analyst reports. Piper Sandler downgraded shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Barclays dropped their price objective on shares of Phillips 66 from $135.00 to $106.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. StockNews.com downgraded shares of Phillips 66 from a "hold" rating to a "sell" rating in a research note on Sunday, March 2nd. Wolfe Research raised 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 research note on Friday, January 3rd. Finally, Scotiabank dropped their price target on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. One 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. According to data from MarketBeat.com, Phillips 66 presently has an average rating of "Moderate Buy" and an average price target of $140.43.

Phillips 66 Stock Down 0.7 %

NYSE:PSX traded down $0.71 during trading hours on Friday, reaching $103.98. The company had a trading volume of 3,056,399 shares, compared to its average volume of 2,900,740. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The firm has a market cap of $42.37 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 4.84 and a beta of 1.17. The business's 50-day simple moving average is $115.80 and its two-hundred day simple moving average is $121.04. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $152.19.

Phillips 66 (NYSE:PSX - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. The business had revenue of $31.92 billion during the quarter, compared to the consensus estimate of $31.93 billion. During the same period last year, the business posted $1.90 earnings per share. On average, equities analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.62%. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date is Monday, May 19th. Phillips 66's dividend payout ratio (DPR) is 97.17%.

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.