Wisconsin Capital Management LLC Sells 2,545 Shares of Phillips 66 (NYSE:PSX)

Wisconsin Capital Management LLC reduced its stake in shares of Phillips 66 (NYSE:PSX - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,330 shares of the oil and gas company's stock after selling 2,545 shares during the period. Phillips 66 accounts for approximately 1.1% of Wisconsin Capital Management LLC's portfolio, making the stock its 26th biggest holding. Wisconsin Capital Management LLC's holdings in Phillips 66 were worth $2,088,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PSX. Bank of New York Mellon Corp boosted its position in Phillips 66 by 7.3% during the fourth 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. Geode Capital Management LLC boosted its holdings in shares of Phillips 66 by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 8,530,242 shares of the oil and gas company's stock worth $968,844,000 after buying an additional 82,758 shares during the period. Norges Bank acquired a new position in Phillips 66 in the 4th quarter valued at $497,648,000. Amundi raised its holdings in Phillips 66 by 25.7% in the 4th quarter. Amundi now owns 3,682,414 shares of the oil and gas company's stock worth $428,081,000 after acquiring an additional 753,653 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Phillips 66 by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,002,995 shares of the oil and gas company's stock worth $342,131,000 after acquiring an additional 101,108 shares during the period. Institutional investors and hedge funds own 76.93% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PSX shares. Piper Sandler downgraded Phillips 66 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. StockNews.com lowered Phillips 66 from a "hold" rating to a "sell" rating in a report on Sunday, March 2nd. Wells Fargo & Company lifted their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Barclays increased their price objective on Phillips 66 from $115.00 to $135.00 and gave the company an "equal weight" rating in a research report on Friday, March 14th. Finally, The Goldman Sachs Group lowered shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 target price on the stock. in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $146.43.

Phillips 66 Price Performance

Shares of NYSE PSX traded down $16.91 during mid-day trading on Thursday, hitting $107.15. 6,783,576 shares of the stock were exchanged, compared to its average volume of 2,792,630. Phillips 66 has a twelve month low of $106.73 and a twelve month high of $174.08. The stock's fifty day simple moving average is $124.71 and its two-hundred day simple moving average is $125.35. 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 company has a market cap of $43.69 billion, a P/E ratio of 21.69, a PEG ratio of 4.84 and a beta of 1.31.

Phillips 66 (NYSE:PSX - Get Free Report) last announced its 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 net margin of 1.46% and a return on equity of 8.58%. During the same period last year, the business earned $3.09 earnings per share. As a group, analysts forecast that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66's dividend payout ratio is 93.12%.

About Phillips 66

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.