Worldquant Millennium Advisors LLC Has $759,000 Position in Phillips 66 (NYSE:PSX)

Worldquant Millennium Advisors LLC reduced its position in Phillips 66 (NYSE:PSX - Free Report) by 96.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,659 shares of the oil and gas company's stock after selling 182,376 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Phillips 66 were worth $759,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC increased its holdings in Phillips 66 by 120.0% in the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company's stock valued at $25,000 after buying an additional 120 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in Phillips 66 in the fourth quarter valued at about $25,000. Stephens Consulting LLC increased its holdings in Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock valued at $28,000 after buying an additional 111 shares during the last quarter. Graney & King LLC bought a new stake in Phillips 66 in the fourth quarter valued at about $28,000. Finally, Human Investing LLC bought a new stake in Phillips 66 in the fourth quarter valued at about $30,000. 76.93% of the stock is owned by institutional investors.

Phillips 66 Price Performance

Shares of NYSE PSX traded down $0.26 during trading on Wednesday, hitting $114.07. The company had a trading volume of 621,807 shares, compared to its average volume of 2,993,437. The company has a market cap of $46.48 billion, a P/E ratio of 23.09, a PEG ratio of 4.84 and a beta of 1.01. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $150.12. The business's 50-day moving average is $109.99 and its 200 day moving average is $118.83. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

Phillips 66 (NYSE:PSX - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.97). The company had revenue of $31.92 billion during the quarter, compared to the consensus estimate of $31.93 billion. 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 company posted $1.90 EPS. Equities research analysts predict that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The business 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 $1.20 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.80 annualized dividend and a dividend yield of 4.21%. This is a boost from Phillips 66's previous quarterly dividend of $1.15. Phillips 66's dividend payout ratio is currently 109.34%.

Insider Buying and Selling at Phillips 66

In other news, Director Robert W. Pease bought 439 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of $113.85 per share, with a total value of $49,980.15. Following the purchase, the director now directly owns 4,091 shares in the company, valued at $465,760.35. This trade represents a 12.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on PSX. Wall Street Zen raised Phillips 66 from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Morgan Stanley lowered their target price on Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. UBS Group reduced their price objective on Phillips 66 from $144.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company reduced their price objective on Phillips 66 from $162.00 to $149.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, Raymond James reduced their price objective on Phillips 66 from $150.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Phillips 66 has a consensus rating of "Moderate Buy" and an average price target of $137.86.

Phillips 66 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.