Mutual of America Capital Management LLC Sells 2,067 Shares of Phillips 66 (NYSE:PSX)

Mutual of America Capital Management LLC cut its holdings in shares of Phillips 66 (NYSE:PSX) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,469 shares of the oil and gas company’s stock after selling 2,067 shares during the period. Mutual of America Capital Management LLC’s holdings in Phillips 66 were worth $5,636,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stephens Inc. AR grew its position in Phillips 66 by 1.5% in the 3rd quarter. Stephens Inc. AR now owns 15,221 shares of the oil and gas company’s stock worth $2,001,000 after purchasing an additional 232 shares in the last quarter. Farther Finance Advisors LLC grew its position in Phillips 66 by 4.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,957 shares of the oil and gas company’s stock worth $1,046,000 after purchasing an additional 354 shares in the last quarter. Pure Financial Advisors LLC grew its position in Phillips 66 by 18.3% in the 3rd quarter. Pure Financial Advisors LLC now owns 1,805 shares of the oil and gas company’s stock worth $237,000 after purchasing an additional 279 shares in the last quarter. Van ECK Associates Corp grew its position in Phillips 66 by 263.3% in the 3rd quarter. Van ECK Associates Corp now owns 83,278 shares of the oil and gas company’s stock worth $10,753,000 after purchasing an additional 60,355 shares in the last quarter. Finally, KG&L Capital Management LLC bought a new stake in Phillips 66 in the 3rd quarter worth about $287,000. 76.93% of the stock is owned by institutional investors.

Phillips 66 Stock Performance

Shares of PSX stock opened at $125.03 on Tuesday. The stock has a market capitalization of $50.97 billion, a P/E ratio of 25.31, a PEG ratio of 4.84 and a beta of 1.37. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $120.89 and its 200 day moving average is $126.63. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS 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 EPS. On average, sell-side analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Monday, February 24th. Phillips 66’s payout ratio is currently 93.12%.

Wall Street Analysts Forecast Growth

PSX has been the subject of a number of recent analyst reports. Mizuho reduced their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Wolfe Research raised shares of 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. StockNews.com cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Sunday. Finally, UBS Group dropped their target price on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

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.