Elo Mutual Pension Insurance Co Cuts Stock Position in Phillips 66 (NYSE:PSX)

Elo Mutual Pension Insurance Co lessened its holdings in shares of Phillips 66 (NYSE:PSX - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,199 shares of the oil and gas company's stock after selling 2,098 shares during the period. Elo Mutual Pension Insurance Co's holdings in Phillips 66 were worth $4,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PSX. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Phillips 66 by 113.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,703 shares of the oil and gas company's stock worth $750,000 after acquiring an additional 3,030 shares during the period. Avestar Capital LLC grew its stake in shares of Phillips 66 by 5.1% during the 3rd quarter. Avestar Capital LLC now owns 1,885 shares of the oil and gas company's stock worth $248,000 after purchasing an additional 92 shares during the period. Townsquare Capital LLC grew its stake in shares of Phillips 66 by 6.3% during the 3rd quarter. Townsquare Capital LLC now owns 24,125 shares of the oil and gas company's stock worth $3,171,000 after purchasing an additional 1,427 shares during the period. Cynosure Group LLC acquired a new position in shares of Phillips 66 in the 3rd quarter valued at $201,000. Finally, CreativeOne Wealth LLC boosted its holdings in Phillips 66 by 43.9% during the third quarter. CreativeOne Wealth LLC now owns 3,697 shares of the oil and gas company's stock worth $486,000 after buying an additional 1,128 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

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Phillips 66 Trading Down 1.3 %

Phillips 66 stock traded down $1.57 during midday trading on Tuesday, hitting $121.91. 425,316 shares of the stock were exchanged, compared to its average volume of 2,773,130. 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 stock has a market capitalization of $49.70 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 4.84 and a beta of 1.31. The stock's 50-day simple moving average is $124.82 and its 200 day simple moving average is $125.50. Phillips 66 has a fifty-two week low of $108.91 and a fifty-two week high of $174.08.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its quarterly 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 company posted $3.09 EPS. On average, equities analysts anticipate that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Monday, February 24th. Phillips 66's dividend payout ratio (DPR) is 93.12%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PSX shares. Wells Fargo & Company lifted their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Mizuho cut their target price on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Piper Sandler lowered shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 10th. StockNews.com lowered Phillips 66 from a "hold" rating to a "sell" rating in a research note on Sunday, March 2nd. Finally, Barclays lifted their price target on Phillips 66 from $115.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $146.43.

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.