Phillips 66 (NYSE:PSX) Shares Sold by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC decreased its holdings in Phillips 66 (NYSE:PSX - Free Report) by 99.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 415 shares of the oil and gas company's stock after selling 44,994 shares during the quarter. Morgan Dempsey Capital Management LLC's holdings in Phillips 66 were worth $47,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PSX. Bank of New York Mellon Corp grew its stake in shares of Phillips 66 by 7.3% during the 4th quarter. Bank of New York Mellon Corp now owns 9,344,342 shares of the oil and gas company's stock worth $1,064,601,000 after purchasing an additional 639,323 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Phillips 66 by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,901,887 shares of the oil and gas company's stock worth $381,453,000 after acquiring an additional 16,941 shares in the last quarter. Mizuho Securities USA LLC increased its stake in 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 valued at $328,625,000 after purchasing an additional 2,467,316 shares in the last quarter. Bank of Montreal Can raised its holdings in Phillips 66 by 63.4% during the third quarter. Bank of Montreal Can now owns 1,633,876 shares of the oil and gas company's stock worth $214,120,000 after purchasing an additional 633,970 shares during the last quarter. Finally, ING Groep NV boosted its position in Phillips 66 by 123.2% during the third quarter. ING Groep NV now owns 1,182,980 shares of the oil and gas company's stock worth $155,503,000 after purchasing an additional 653,032 shares in the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Stock Down 2.2 %

PSX traded down $2.92 on Monday, reaching $126.77. The company's stock had a trading volume of 1,872,568 shares, compared to its average volume of 3,606,518. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. The business's 50 day moving average is $120.60 and its 200 day moving average is $126.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The stock has a market cap of $51.69 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37.

Phillips 66 (NYSE:PSX - Get Free Report) last released its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate 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 earned $3.09 EPS. As a group, research analysts forecast that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Monday, February 24th. Phillips 66's dividend payout ratio is presently 93.12%.

Analyst Upgrades and Downgrades

PSX has been the subject of a number of research analyst reports. UBS Group dropped their price target on Phillips 66 from $150.00 to $138.00 and set a "buy" rating for the company in a research report on Monday, November 4th. StockNews.com cut shares of Phillips 66 from a "hold" rating to a "sell" rating in a research report on Sunday. Mizuho lowered their price target on shares of Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Wolfe Research upgraded Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Finally, Wells Fargo & Company increased their target price on Phillips 66 from $161.00 to $162.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $148.00.

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.