Natixis Advisors LLC Sells 55,149 Shares of Phillips 66 (NYSE:PSX)

Natixis Advisors LLC trimmed its position in Phillips 66 (NYSE:PSX) by 17.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,913 shares of the oil and gas company’s stock after selling 55,149 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of Phillips 66 worth $33,509,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Crewe Advisors LLC bought a new position in Phillips 66 in the first quarter valued at $25,000. nVerses Capital LLC bought a new stake in shares of Phillips 66 in the third quarter worth about $26,000. Bank & Trust Co bought a new stake in shares of Phillips 66 in the 2nd quarter worth approximately $31,000. Values First Advisors Inc. bought a new position in Phillips 66 in the 3rd quarter worth $30,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Phillips 66 in the second quarter worth about $34,000. 76.93% of the stock is owned by institutional investors.

Phillips 66 Trading Up 0.9 %

Shares of PSX stock opened at $130.91 on Monday. Phillips 66 has a twelve month low of $111.90 and a twelve month high of $174.08. The stock has a market cap of $54.06 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 4.29 and a beta of 1.33. The company’s 50-day moving average price is $129.75 and its 200-day moving average price is $135.73. 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 (NYSE:PSX) last posted its quarterly earnings results on Tuesday, October 29th. The oil and gas company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.63 by $0.41. The business had revenue of $36.16 billion during the quarter, compared to the consensus estimate of $36.31 billion. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.63 earnings per share. As a group, equities analysts predict that Phillips 66 will post 7.63 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a $1.15 dividend. The ex-dividend date is Monday, November 18th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.51%. Phillips 66’s payout ratio is 59.05%.

Analyst Ratings Changes

A number of brokerages have issued reports on PSX. TD Cowen lowered their price objective on Phillips 66 from $162.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Wells Fargo & Company cut their price objective on Phillips 66 from $182.00 to $167.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Barclays decreased their price target on shares of Phillips 66 from $133.00 to $124.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Piper Sandler set a $144.00 target price on shares of Phillips 66 in a research note on Thursday, October 17th. Finally, Raymond James lifted their target price on Phillips 66 from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $149.69.

About Phillips 66

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.