Phillips 66 (NYSE:PSX) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC decreased its position in Phillips 66 (NYSE:PSX) by 15.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,701 shares of the oil and gas company’s stock after selling 1,744 shares during the quarter. EP Wealth Advisors LLC’s holdings in Phillips 66 were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PSX. Principal Financial Group Inc. grew its position in shares of Phillips 66 by 2.8% in the third quarter. Principal Financial Group Inc. now owns 530,807 shares of the oil and gas company’s stock valued at $69,775,000 after purchasing an additional 14,209 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Phillips 66 by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 124,608 shares of the oil and gas company’s stock valued at $14,197,000 after buying an additional 1,320 shares during the period. ST Germain D J Co. Inc. increased its stake in shares of Phillips 66 by 25.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,705 shares of the oil and gas company’s stock valued at $194,000 after acquiring an additional 350 shares during the last quarter. Czech National Bank increased its stake in shares of Phillips 66 by 5.0% during the 4th quarter. Czech National Bank now owns 89,493 shares of the oil and gas company’s stock valued at $10,196,000 after acquiring an additional 4,227 shares during the last quarter. Finally, Fiduciary Alliance LLC purchased a new position in shares of Phillips 66 during the 4th quarter worth about $861,000. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Phillips 66 Price Performance

PSX opened at $110.86 on Friday. Phillips 66 has a twelve month low of $91.01 and a twelve month high of $150.12. The firm has a market cap of $45.17 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 4.84 and a beta of 1.01. 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 company has a fifty day simple moving average of $111.61 and a 200 day simple moving average of $119.31.

Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.97). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. The business had revenue of $31.92 billion for the quarter, compared to analyst estimates of $31.93 billion. During the same quarter in the prior year, the business earned $1.90 earnings per share. Equities research analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Monday, May 19th. This is an increase from Phillips 66’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 4.33%. Phillips 66’s payout ratio is currently 109.34%.

Analyst Ratings Changes

PSX has been the subject of several research analyst reports. Wells Fargo & Company dropped their price target on shares of Phillips 66 from $162.00 to $149.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Mizuho dropped their price objective on Phillips 66 from $140.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. UBS Group reduced their target price on Phillips 66 from $144.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Raymond James dropped their price target on Phillips 66 from $150.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, StockNews.com raised Phillips 66 from a “sell” rating to a “hold” rating in a research note on Monday, April 28th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $136.36.

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.