Phillips 66 (NYSE:PSX) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in shares of Phillips 66 (NYSE:PSX) by 6.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 117,156 shares of the oil and gas company’s stock after selling 7,434 shares during the quarter. Sei Investments Co.’s holdings in Phillips 66 were worth $13,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Plancorp LLC increased its stake in Phillips 66 by 11.5% during the 4th quarter. Plancorp LLC now owns 3,192 shares of the oil and gas company’s stock valued at $364,000 after buying an additional 329 shares during the period. Runnymede Capital Advisors Inc. acquired a new position in shares of Phillips 66 during the fourth quarter valued at approximately $372,000. Mizuho Securities USA LLC raised its holdings in Phillips 66 by 44.2% during the fourth quarter. Mizuho Securities USA LLC now owns 39,142 shares of the oil and gas company’s stock worth $4,459,000 after purchasing an additional 12,000 shares in the last quarter. Virtu Financial LLC acquired a new stake in Phillips 66 in the fourth quarter worth approximately $4,345,000. Finally, Adams Natural Resources Fund Inc. increased its position in shares of Phillips 66 by 40.2% during the 4th quarter. Adams Natural Resources Fund Inc. now owns 138,175 shares of the oil and gas company’s stock valued at $15,742,000 after purchasing an additional 39,600 shares during the period. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Down 2.4 %

PSX opened at $121.67 on Friday. The firm has a market cap of $49.60 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The business has a 50 day moving average price of $124.76 and a 200 day moving average price of $125.52. Phillips 66 has a twelve month low of $108.91 and a twelve month high of $174.08.

Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the prior year, the company posted $3.09 earnings per share. Research analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were paid a dividend of $1.15 per share. The ex-dividend date was Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.78%. Phillips 66’s payout ratio is 93.12%.

Analyst Ratings Changes

PSX has been the subject of a number of research analyst reports. The Goldman Sachs Group downgraded shares of Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price target for the company. in a report on Thursday. Wolfe Research upgraded 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. Barclays increased their target price on shares of Phillips 66 from $115.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday, March 14th. StockNews.com downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Sunday, March 2nd. Finally, Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $146.43.

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.