FORA Capital LLC Lowers Stake in Phillips 66 (NYSE:PSX)

FORA Capital LLC lessened its position in shares of Phillips 66 (NYSE:PSX - Free Report) by 92.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,977 shares of the oil and gas company's stock after selling 74,442 shares during the quarter. FORA Capital LLC's holdings in Phillips 66 were worth $681,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC increased its position 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 worth $25,000 after purchasing an additional 120 shares during the last quarter. J.Safra Asset Management Corp bought a new position in Phillips 66 during the fourth quarter valued at $25,000. Stephens Consulting LLC grew its stake in shares of Phillips 66 by 83.5% in the 4th quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company's stock worth $28,000 after buying an additional 111 shares in the last quarter. Graney & King LLC purchased a new stake in shares of Phillips 66 during the 4th quarter valued at about $28,000. Finally, Human Investing LLC purchased a new stake in shares of Phillips 66 during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 76.93% of the company's stock.

Phillips 66 Trading Up 5.8%

Shares of Phillips 66 stock traded up $6.94 on Tuesday, hitting $125.62. 11,116,528 shares of the company traded hands, compared to its average volume of 2,942,970. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The company has a market cap of $51.18 billion, a PE ratio of 25.43, a PEG ratio of 4.84 and a beta of 1.01. The stock's 50 day moving average price is $111.58 and its 200-day moving average price is $119.18. Phillips 66 has a 52 week low of $91.01 and a 52 week high of $150.12.

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

Phillips 66 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Monday, May 19th. This is a positive change 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%. Phillips 66's dividend payout ratio is 109.34%.

Wall Street Analysts Forecast Growth

PSX has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price target on Phillips 66 from $138.00 to $131.00 and set an "overweight" rating for the company in a research report on Tuesday, April 29th. StockNews.com upgraded Phillips 66 from a "sell" rating to a "hold" rating in a report on Monday, April 28th. Wells Fargo & Company cut their target price on Phillips 66 from $162.00 to $149.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Mizuho lifted their price objective on shares of Phillips 66 from $132.00 to $138.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Morgan Stanley reduced their target price on shares of Phillips 66 from $140.00 to $122.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $137.86.

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.