Phillips 66 (NYSE:PSX) Shares Sold by Citizens National Bank Trust Department

Citizens National Bank Trust Department cut its holdings in Phillips 66 (NYSE:PSX) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,234 shares of the oil and gas company’s stock after selling 350 shares during the quarter. Citizens National Bank Trust Department’s holdings in Phillips 66 were worth $3,103,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Concurrent Investment Advisors LLC lifted its stake in Phillips 66 by 0.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 20,679 shares of the oil and gas company’s stock valued at $2,356,000 after buying an additional 105 shares in the last quarter. Mader & Shannon Wealth Management Inc. purchased a new stake in shares of Phillips 66 in the fourth quarter valued at $3,444,000. Corps Capital Advisors LLC acquired a new stake in shares of Phillips 66 during the fourth quarter valued at $412,000. Ieq Capital LLC increased its position in Phillips 66 by 61.3% during the 4th quarter. Ieq Capital LLC now owns 23,999 shares of the oil and gas company’s stock worth $2,734,000 after purchasing an additional 9,124 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Phillips 66 by 5.7% in the 4th quarter. Private Advisor Group LLC now owns 36,890 shares of the oil and gas company’s stock valued at $4,203,000 after purchasing an additional 1,975 shares in the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Mizuho lowered their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Barclays lowered their target price on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. UBS Group reduced their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Piper Sandler downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company increased their target price on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $148.00.

Phillips 66 Stock Performance

NYSE PSX opened at $130.12 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The firm has a market capitalization of $53.74 billion, a P/E ratio of 26.34, a P/E/G ratio of 4.79 and a beta of 1.37. The business’s 50-day simple moving average is $118.90 and its 200-day simple moving average is $127.10.

Phillips 66 (NYSE:PSX) last announced its quarterly 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 quarter last year, the firm earned $3.09 EPS. Equities analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a $1.15 dividend. The ex-dividend date is Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.54%. Phillips 66’s dividend payout ratio is currently 93.12%.

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.