Phillips 66 (NYSE:PSX) Shares Sold by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. trimmed its holdings in Phillips 66 (NYSE:PSX) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,932 shares of the oil and gas company’s stock after selling 81 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Phillips 66 were worth $1,132,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Groupama Asset Managment boosted its holdings in shares of Phillips 66 by 108.8% in the 4th quarter. Groupama Asset Managment now owns 21,800 shares of the oil and gas company’s stock valued at $2,441,000 after buying an additional 11,360 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Phillips 66 in the fourth quarter valued at $178,000. Lokken Investment Group LLC boosted its stake in Phillips 66 by 2.4% in the fourth quarter. Lokken Investment Group LLC now owns 9,272 shares of the oil and gas company’s stock valued at $1,056,000 after acquiring an additional 219 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Phillips 66 by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 8,530,242 shares of the oil and gas company’s stock worth $968,844,000 after purchasing an additional 82,758 shares during the last quarter. Finally, Nemes Rush Group LLC increased its position in shares of Phillips 66 by 29.8% during the fourth quarter. Nemes Rush Group LLC now owns 2,104 shares of the oil and gas company’s stock worth $240,000 after purchasing an additional 483 shares in the last quarter. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PSX. Mizuho decreased their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. StockNews.com cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a report on Sunday, March 2nd. Wells Fargo & Company increased their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Barclays lifted their price objective on shares of Phillips 66 from $115.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, March 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $146.43.

Phillips 66 Stock Performance

NYSE PSX opened at $124.11 on Thursday. The stock has a market capitalization of $50.60 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 4.84 and a beta of 1.31. The business’s 50 day moving average is $125.02 and its two-hundred day moving average is $125.48. Phillips 66 has a 12-month low of $108.91 and a 12-month high of $174.08. 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 (NYSE:PSX) last announced its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the business posted $3.09 EPS. Research analysts expect that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued a $1.15 dividend. The ex-dividend date was Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.71%. Phillips 66’s dividend payout ratio is presently 93.12%.

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.