Phillips 66 (NYSE:PSX) Holdings Trimmed by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lowered its holdings in Phillips 66 (NYSE:PSX) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,770 shares of the oil and gas company’s stock after selling 1,313 shares during the period. United Capital Financial Advisors LLC’s holdings in Phillips 66 were worth $3,961,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PSX. Keeley Teton Advisors LLC lifted its stake in Phillips 66 by 5.5% in the 4th quarter. Keeley Teton Advisors LLC now owns 10,109 shares of the oil and gas company’s stock worth $1,152,000 after acquiring an additional 527 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Phillips 66 by 22.2% in the 4th quarter. Gabelli Funds LLC now owns 151,300 shares of the oil and gas company’s stock valued at $17,238,000 after purchasing an additional 27,500 shares during the period. Jump Financial LLC purchased a new stake in shares of Phillips 66 in the fourth quarter worth approximately $316,000. Schwerin Boyle Capital Management Inc. boosted its holdings in shares of Phillips 66 by 1.0% during the fourth quarter. Schwerin Boyle Capital Management Inc. now owns 105,660 shares of the oil and gas company’s stock worth $12,038,000 after purchasing an additional 1,025 shares during the period. Finally, Rossby Financial LCC purchased a new position in Phillips 66 during the fourth quarter valued at approximately $381,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Performance

NYSE PSX opened at $96.59 on Thursday. The firm has a market cap of $39.35 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 4.84 and a beta of 1.17. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $159.86. The company has a 50 day moving average of $119.48 and a 200-day moving average of $122.90.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data 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 return on equity of 8.58% and a net margin of 1.46%. During the same period last year, the business posted $3.09 earnings per share. On average, equities analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 annualized dividend and a dividend yield of 4.76%. Phillips 66’s dividend payout ratio (DPR) is currently 93.12%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PSX shares. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research note on Friday, January 3rd. Wells Fargo & Company boosted their target price on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Barclays cut their price target on Phillips 66 from $135.00 to $106.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Mizuho lowered their price target on Phillips 66 from $140.00 to $132.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus target price of $142.00.

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.