Phillips 66 (NYSE:PSX) Stake Trimmed by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG cut its position in shares of Phillips 66 (NYSE:PSX) by 1.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 36,269 shares of the oil and gas company’s stock after selling 541 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Phillips 66 were worth $4,123,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bogart Wealth LLC raised its holdings in shares of Phillips 66 by 120.0% during the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 120 shares during the period. J.Safra Asset Management Corp purchased a new position in Phillips 66 during the 4th quarter worth approximately $25,000. Stephens Consulting LLC raised its stake in Phillips 66 by 83.5% during the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 111 shares during the period. Graney & King LLC acquired a new stake in Phillips 66 during the 4th quarter valued at $28,000. Finally, Human Investing LLC purchased a new stake in shares of Phillips 66 in the fourth quarter valued at $30,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Up 1.6 %

Phillips 66 stock opened at $123.72 on Tuesday. The company has a market capitalization of $50.44 billion, a P/E ratio of 25.04, a P/E/G ratio of 4.84 and a beta of 1.31. Phillips 66 has a 1-year low of $108.91 and a 1-year high of $174.08. The firm’s fifty day simple moving average is $124.82 and its 200-day simple moving average is $125.50. 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 earnings results 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 in the prior year, the business earned $3.09 EPS. Sell-side analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were issued a $1.15 dividend. The ex-dividend date was Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.72%. Phillips 66’s dividend payout ratio (DPR) is currently 93.12%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PSX shares. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. The Goldman Sachs Group cut Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 target price on the stock. in a research note on Thursday, March 27th. Barclays upped their target price on Phillips 66 from $115.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, March 14th. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Mizuho dropped their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Phillips 66 currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.43.

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.