Phillips 66 (NYSE:PSX) Holdings Decreased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,180 shares of the oil and gas company's stock after selling 17,194 shares during the quarter. Ensign Peak Advisors Inc's holdings in Phillips 66 were worth $12,097,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PSX. Wealth Enhancement Advisory Services LLC raised its stake in shares of Phillips 66 by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 124,608 shares of the oil and gas company's stock valued at $14,197,000 after acquiring an additional 1,320 shares during the period. Czech National Bank increased its holdings in Phillips 66 by 5.0% in the 4th quarter. Czech National Bank now owns 89,493 shares of the oil and gas company's stock valued at $10,196,000 after purchasing an additional 4,227 shares in the last quarter. Fiduciary Alliance LLC purchased a new position in Phillips 66 in the fourth quarter valued at about $861,000. Capital Investment Advisors LLC lifted its stake in shares of Phillips 66 by 41.3% during the fourth quarter. Capital Investment Advisors LLC now owns 4,145 shares of the oil and gas company's stock worth $472,000 after purchasing an additional 1,211 shares in the last quarter. Finally, Wedmont Private Capital boosted its position in shares of Phillips 66 by 14.1% in the fourth quarter. Wedmont Private Capital now owns 6,856 shares of the oil and gas company's stock worth $781,000 after buying an additional 847 shares during the period. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PSX. Raymond James decreased their price target on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Scotiabank decreased their target price on shares of Phillips 66 from $136.00 to $133.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Barclays raised their price target on shares of Phillips 66 from $106.00 to $115.00 and gave the company an "equal weight" rating in a report on Monday. The Goldman Sachs Group lowered shares of Phillips 66 from a "buy" rating to a "neutral" rating and set a $132.00 price objective on the stock. in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Phillips 66 from $138.00 to $131.00 and set an "overweight" rating on the stock in a report on Tuesday, April 29th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $137.86.

Phillips 66 Stock Performance

PSX stock traded up $0.92 during midday trading on Friday, reaching $125.69. The company had a trading volume of 3,242,816 shares, compared to its average volume of 2,951,661. The firm has a market capitalization of $51.21 billion, a PE ratio of 25.44, a P/E/G ratio of 4.84 and a beta of 1.01. The stock has a 50 day moving average price of $111.57 and a 200 day moving average price of $119.23. Phillips 66 has a fifty-two week low of $91.01 and a fifty-two week high of $150.12. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $31.93 billion. Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the previous year, the company earned $1.90 earnings per share. Analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.82%. This is a positive change from Phillips 66's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Monday, May 19th. Phillips 66's payout ratio 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.