RPG Investment Advisory LLC Sells 3,960 Shares of Phillips 66 (NYSE:PSX)

RPG Investment Advisory LLC reduced its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,202 shares of the oil and gas company's stock after selling 3,960 shares during the quarter. RPG Investment Advisory LLC's holdings in Phillips 66 were worth $7,201,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PSX. Bogart Wealth LLC raised its holdings in shares of Phillips 66 by 120.0% in the 4th 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 period. Stephens Consulting LLC lifted its position in shares of Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock valued at $28,000 after buying an additional 111 shares during the last quarter. Human Investing LLC bought a new position in shares of Phillips 66 during the 4th quarter worth approximately $30,000. Webster Bank N. A. increased 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 last quarter. Finally, YANKCOM Partnership bought a new stake in Phillips 66 in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Piper Sandler downgraded shares of Phillips 66 from a "strong-buy" rating to a "hold" rating in a report on Friday, January 10th. Wolfe Research upgraded shares of Phillips 66 from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Wells Fargo & Company raised their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Mizuho reduced their price target on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Finally, Barclays lowered their price target on shares of Phillips 66 from $124.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Phillips 66 presently has an average rating of "Moderate Buy" and an average price target of $148.00.

Phillips 66 Price Performance

Shares of PSX traded up $1.95 during midday trading on Thursday, hitting $127.39. The company's stock had a trading volume of 2,701,744 shares, compared to its average volume of 3,599,267. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a one year low of $108.90 and a one year high of $174.08. The stock has a market capitalization of $51.94 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37. The company's fifty day simple moving average is $119.87 and its two-hundred day simple moving average is $126.89.

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 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 quarter in the prior year, the business earned $3.09 EPS. As a group, equities analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a yield of 3.61%. Phillips 66's dividend payout ratio (DPR) is presently 93.12%.

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.