Sei Investments Co. trimmed its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 6.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 117,156 shares of the oil and gas company's stock after selling 7,434 shares during the quarter. Sei Investments Co.'s holdings in Phillips 66 were worth $13,349,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of PSX. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of 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 valued at $750,000 after acquiring an additional 3,030 shares in the last quarter. Townsquare Capital LLC raised its stake in shares of Phillips 66 by 6.3% in the third 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 last quarter. Cynosure Group LLC bought a new position in shares of Phillips 66 during the third quarter valued at $201,000. CreativeOne Wealth LLC boosted its position in shares of 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 valued at $486,000 after buying an additional 1,128 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Phillips 66 by 4.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,608 shares of the oil and gas company's stock worth $11,253,000 after buying an additional 3,889 shares in the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have weighed in on PSX shares. Piper Sandler lowered Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. The Goldman Sachs Group cut shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price objective for the company. in a report on Thursday, March 27th. Wells Fargo & Company raised their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. StockNews.com downgraded shares of Phillips 66 from a "hold" rating to a "sell" rating in a research report on Sunday, March 2nd. Finally, Mizuho lowered their price target on Phillips 66 from $150.00 to $147.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Phillips 66 has a consensus rating of "Moderate Buy" and a consensus target price of $146.43.
Get Our Latest Stock Analysis on PSX
Phillips 66 Stock Performance
Shares of NYSE:PSX traded down $0.88 during mid-day trading on Tuesday, reaching $122.60. 746,902 shares of the company traded hands, compared to its average volume of 2,774,580. The company's 50 day moving average price is $124.82 and its 200-day moving average price is $125.50. The firm has a market cap of $49.98 billion, a PE ratio of 24.82, a PEG ratio of 4.84 and a beta of 1.31. Phillips 66 has a 52 week low of $108.91 and a 52 week high of $174.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.
Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings results 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 return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the prior year, the business earned $3.09 earnings per share. On average, equities analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.
Phillips 66 Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a $1.15 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a yield of 3.75%. Phillips 66's payout ratio is presently 93.12%.
About Phillips 66
(
Free Report)
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.
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