Phillips 66 (NYSE:PSX) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lessened its position in Phillips 66 (NYSE:PSX) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,211 shares of the oil and gas company’s stock after selling 1,196 shares during the period. TD Private Client Wealth LLC’s holdings in Phillips 66 were worth $2,986,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Oppenheimer & Co. Inc. increased its holdings in shares of Phillips 66 by 10.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company’s stock worth $5,349,000 after acquiring an additional 4,515 shares during the period. Flavin Financial Services Inc. bought a new position in Phillips 66 in the 4th quarter valued at about $1,190,000. Everence Capital Management Inc. bought a new position in Phillips 66 in the 4th quarter valued at about $3,033,000. Donoghue Forlines LLC bought a new position in Phillips 66 in the 4th quarter valued at about $1,438,000. Finally, Smith Group Asset Management LLC bought a new position in Phillips 66 in the 4th quarter valued at about $1,149,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Price Performance

PSX stock opened at $125.51 on Friday. 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 has a one year low of $108.91 and a one year high of $174.08. The firm has a market capitalization of $51.17 billion, a PE ratio of 25.41, a P/E/G ratio of 4.84 and a beta of 1.31. The firm has a 50-day moving average of $124.11 and a two-hundred day moving average of $125.71.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business earned $3.09 EPS. On average, analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Monday, February 24th. Phillips 66’s dividend payout ratio (DPR) is 93.12%.

Analyst Ratings Changes

PSX has been the subject of a number of recent analyst reports. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Wells Fargo & Company increased their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. Mizuho reduced their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, StockNews.com lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $149.43.

About Phillips 66

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.