Centiva Capital LP Has $556,000 Stake in Phillips 66 (NYSE:PSX)

Centiva Capital LP lessened its holdings in Phillips 66 (NYSE:PSX - Free Report) by 58.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,884 shares of the oil and gas company's stock after selling 6,872 shares during the quarter. Centiva Capital LP's holdings in Phillips 66 were worth $556,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Cercano Management LLC acquired a new stake in shares of Phillips 66 in the 4th quarter valued at $4,439,000. Blue Capital Inc. acquired a new stake in shares of Phillips 66 in the 4th quarter valued at $231,000. Captrust Financial Advisors boosted its holdings in shares of Phillips 66 by 1.9% in the 4th quarter. Captrust Financial Advisors now owns 126,177 shares of the oil and gas company's stock valued at $14,375,000 after purchasing an additional 2,325 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of Phillips 66 in the 4th quarter valued at $4,333,000. Finally, Baldwin Investment Management LLC acquired a new stake in shares of Phillips 66 in the 4th quarter valued at $296,000. Institutional investors and hedge funds own 76.93% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Phillips 66 from $162.00 to $149.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. UBS Group cut their price objective on Phillips 66 from $144.00 to $140.00 and set a "buy" rating on the stock in a report on Monday, April 28th. TD Cowen raised their price objective on Phillips 66 from $114.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday. Raymond James cut their price objective on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Mizuho raised their price objective on Phillips 66 from $132.00 to $138.00 and gave the company a "neutral" rating in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.86.

Phillips 66 Trading Up 5.8%

Shares of Phillips 66 stock traded up $6.94 during midday trading on Tuesday, reaching $125.62. The company had a trading volume of 11,116,528 shares, compared to its average volume of 2,942,970. The stock has a fifty day moving average price of $111.58 and a 200 day moving average price of $119.18. 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 firm has a market cap of $51.18 billion, a PE ratio of 25.43, a P/E/G ratio of 4.84 and a beta of 1.01. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $150.12.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.97). The company had revenue of $31.92 billion during the quarter, compared to analyst estimates of $31.93 billion. Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same period in the prior year, the firm earned $1.90 earnings per share. On average, equities analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a dividend of $1.20 per share. This is an increase from Phillips 66's previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Monday, May 19th. Phillips 66's dividend payout ratio (DPR) is presently 109.34%.

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.