Phillips 66 (NYSE:PSX) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in Phillips 66 (NYSE:PSX - Free Report) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 517,892 shares of the oil and gas company's stock after selling 12,915 shares during the period. Principal Financial Group Inc. owned about 0.13% of Phillips 66 worth $59,003,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PSX. Bogart Wealth LLC increased its stake in Phillips 66 by 120.0% in the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock valued at $25,000 after purchasing an additional 120 shares during the last quarter. nVerses Capital LLC purchased a new stake in Phillips 66 in the 3rd quarter valued at about $26,000. Stephens Consulting LLC increased its stake in shares of Phillips 66 by 83.5% during the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock valued at $28,000 after acquiring an additional 111 shares during the last quarter. Values First Advisors Inc. acquired a new position in shares of Phillips 66 during the 3rd quarter valued at about $30,000. Finally, Webster Bank N. A. lifted its holdings in shares of Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company's stock worth $31,000 after acquiring an additional 88 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays lowered their target price on shares of Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Mizuho dropped their price objective on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Wells Fargo & Company increased their target price on Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Wolfe Research raised Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Finally, StockNews.com downgraded Phillips 66 from a "hold" rating to a "sell" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $148.00.

Phillips 66 Stock Up 1.3 %

Shares of PSX stock traded up $1.71 on Thursday, hitting $131.67. The stock had a trading volume of 3,154,346 shares, compared to its average volume of 3,305,620. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08. The firm has a market capitalization of $54.38 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 4.79 and a beta of 1.37. 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's 50 day moving average is $118.90 and its 200-day moving average is $127.10.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the firm earned $3.09 earnings per share. As a group, research analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.49%. Phillips 66's dividend payout ratio is presently 93.12%.

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.