Bryn Mawr Capital Management LLC Lowers Holdings in Phillips 66 (NYSE:PSX)

Bryn Mawr Capital Management LLC cut its position in shares of Phillips 66 (NYSE:PSX) by 1.6% in the fourth quarter, HoldingsChannel reports. The firm owned 77,714 shares of the oil and gas company’s stock after selling 1,280 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Phillips 66 were worth $8,854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. National Pension Service increased its holdings in shares of Phillips 66 by 11.9% in the fourth quarter. National Pension Service now owns 1,120,657 shares of the oil and gas company’s stock valued at $127,676,000 after purchasing an additional 118,923 shares during the period. Lake Street Advisors Group LLC lifted its holdings in Phillips 66 by 3.4% in the fourth quarter. Lake Street Advisors Group LLC now owns 3,227 shares of the oil and gas company’s stock valued at $368,000 after acquiring an additional 106 shares during the period. Bank of New York Mellon Corp boosted its position in Phillips 66 by 7.3% in the 4th quarter. Bank of New York Mellon Corp now owns 9,344,342 shares of the oil and gas company’s stock worth $1,064,601,000 after purchasing an additional 639,323 shares in the last quarter. Rowlandmiller & PARTNERS.ADV increased its holdings in Phillips 66 by 14.9% in the fourth quarter. Rowlandmiller & PARTNERS.ADV now owns 12,021 shares of the oil and gas company’s stock valued at $1,370,000 after buying an additional 1,560 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in Phillips 66 by 8.7% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 20,554 shares of the oil and gas company’s stock valued at $2,342,000 after buying an additional 1,645 shares in the last quarter. 76.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PSX. Wells Fargo & Company upped their target price on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. UBS Group reduced their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research report on Friday, January 3rd. Barclays decreased their price target on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, StockNews.com raised shares of Phillips 66 from a “sell” rating to a “hold” rating in a research report on Saturday. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Stock Down 0.7 %

Phillips 66 stock opened at $126.21 on Wednesday. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The stock has a market cap of $52.12 billion, a PE ratio of 25.55, a P/E/G ratio of 4.84 and a beta of 1.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The stock’s fifty day moving average is $119.60 and its two-hundred day moving average is $126.91.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing the consensus estimate 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 period last year, the company earned $3.09 earnings per share. On average, sell-side analysts expect that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently disclosed 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 3.64%. The ex-dividend date is Monday, February 24th. Phillips 66’s payout ratio is currently 93.12%.

Phillips 66 Company 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.