Point View Wealth Management Inc. cut its position in shares of Phillips 66 (NYSE:PSX) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,545 shares of the oil and gas company’s stock after selling 224 shares during the period. Point View Wealth Management Inc.’s holdings in Phillips 66 were worth $506,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSX. Cerebellum GP LLC acquired a new position in Phillips 66 in the 3rd quarter valued at $47,000. Fox Run Management L.L.C. acquired a new position in Phillips 66 during the 3rd quarter worth $300,000. NuWave Investment Management LLC grew its position in shares of Phillips 66 by 379.6% in the third quarter. NuWave Investment Management LLC now owns 1,271 shares of the oil and gas company’s stock valued at $131,000 after purchasing an additional 1,006 shares during the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Phillips 66 by 8.0% in the third quarter. SeaCrest Wealth Management LLC now owns 4,011 shares of the oil and gas company’s stock valued at $411,000 after purchasing an additional 296 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its stake in shares of Phillips 66 by 24.5% in the third quarter. Wealthfront Advisers LLC now owns 8,221 shares of the oil and gas company’s stock worth $842,000 after purchasing an additional 1,617 shares during the period. 68.59% of the stock is owned by institutional investors.

Phillips 66 stock traded down $0.86 during mid-day trading on Friday, hitting $89.48. 197,999 shares of the company were exchanged, compared to its average volume of 2,816,743. Phillips 66 has a 1-year low of $80.24 and a 1-year high of $119.92. The company has a quick ratio of 0.84, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average of $100.98 and a 200 day moving average of $105.74. The company has a market capitalization of $40.11 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.43 and a beta of 1.12.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.01. The firm had revenue of $29.61 billion for the quarter, compared to analyst estimates of $27.30 billion. Phillips 66 had a net margin of 2.81% and a return on equity of 13.52%. During the same period in the previous year, the business earned $4.87 earnings per share. Research analysts expect that Phillips 66 will post 9.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Tuesday, February 18th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.60 dividend on an annualized basis and a yield of 4.02%. Phillips 66’s dividend payout ratio is 44.72%.

PSX has been the subject of several research analyst reports. Cowen cut their price objective on Phillips 66 from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. Barclays started coverage on Phillips 66 in a report on Tuesday, January 14th. They issued an “overweight” rating and a $122.00 target price on the stock. Bank of America lowered Phillips 66 from a “buy” rating to a “neutral” rating in a report on Monday, January 6th. Credit Suisse Group cut their target price on shares of Phillips 66 from $122.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Raymond James reduced their price target on shares of Phillips 66 from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $119.00.

Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market; provides terminaling and storage services for crude oil and 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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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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