Creekmur Asset Management LLC Trims Position in Phillips 66 (NYSE:PSX)

Creekmur Asset Management LLC lowered its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 23.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,659 shares of the oil and gas company's stock after selling 2,039 shares during the period. Creekmur Asset Management LLC's holdings in Phillips 66 were worth $759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PSX. Bogart Wealth LLC grew its position in Phillips 66 by 120.0% during the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock worth $25,000 after purchasing an additional 120 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Phillips 66 during the fourth quarter worth about $25,000. Stephens Consulting LLC grew its holdings in shares of Phillips 66 by 83.5% during the fourth 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 during the last quarter. Graney & King LLC acquired a new position in Phillips 66 in the 4th quarter valued at about $28,000. Finally, Human Investing LLC acquired a new stake in Phillips 66 during the 4th quarter worth approximately $30,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Price Performance

Shares of NYSE:PSX traded down $8.53 during midday trading on Friday, hitting $98.65. 6,420,619 shares of the stock were exchanged, compared to its average volume of 2,807,133. Phillips 66 has a twelve month low of $95.67 and a twelve month high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $124.24 and a 200-day moving average price of $125.15. The stock has a market cap of $40.22 billion, a P/E ratio of 19.97, a PEG ratio of 4.84 and a beta of 1.31.

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Phillips 66 (NYSE:PSX - Get Free Report) last announced its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same quarter last year, the firm posted $3.09 EPS. On average, research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors 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 4.66%. The ex-dividend date was Monday, February 24th. Phillips 66's dividend payout ratio is presently 93.12%.

Analyst Ratings Changes

PSX has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. 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 report on Monday, December 16th. StockNews.com cut shares of Phillips 66 from a "hold" rating to a "sell" rating in a report on Sunday, March 2nd. The Goldman Sachs Group lowered Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price objective on the stock. in a report on Thursday, March 27th. Finally, Wolfe Research raised Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $146.43.

Phillips 66 Company 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.