Certuity LLC Sells 242 Shares of Phillips 66 (NYSE:PSX)

Certuity LLC decreased its position in Phillips 66 (NYSE:PSX) by 4.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,812 shares of the oil and gas company’s stock after selling 242 shares during the period. Certuity LLC’s holdings in Phillips 66 were worth $662,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Augustine Asset Management Inc. acquired a new position in shares of Phillips 66 in the 4th quarter valued at about $572,000. Community Bank & Trust Waco Texas lifted its stake in Phillips 66 by 1.2% in the fourth quarter. Community Bank & Trust Waco Texas now owns 33,523 shares of the oil and gas company’s stock valued at $3,819,000 after buying an additional 395 shares during the period. Stonebridge Financial Group LLC acquired a new position in Phillips 66 in the fourth quarter valued at approximately $66,000. Essex Financial Services Inc. boosted its holdings in shares of Phillips 66 by 84.3% during the 4th quarter. Essex Financial Services Inc. now owns 5,852 shares of the oil and gas company’s stock worth $667,000 after buying an additional 2,677 shares in the last quarter. Finally, Equitable Trust Co. grew its position in shares of Phillips 66 by 2.0% during the 4th quarter. Equitable Trust Co. now owns 25,329 shares of the oil and gas company’s stock worth $2,886,000 after buying an additional 492 shares during the period. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Performance

PSX stock opened at $125.05 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The firm has a market cap of $51.64 billion, a PE ratio of 25.31, a P/E/G ratio of 5.64 and a beta of 1.37. The business has a 50 day moving average of $118.94 and a 200-day moving average of $127.57. Phillips 66 has a 12-month low of $108.90 and a 12-month high of $174.08.

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 (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 period in the prior year, the company posted $3.09 earnings per share. As a group, sell-side analysts expect that Phillips 66 will post 7.14 earnings per share for the current year.

Phillips 66 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 3.68%. Phillips 66’s dividend payout ratio (DPR) is presently 93.12%.

Analysts Set New Price Targets

A number of analysts recently commented on PSX shares. Wells Fargo & Company boosted their target price on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Mizuho dropped their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. StockNews.com downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Finally, Barclays cut their price target on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $148.00.

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.