Pine Valley Investments Ltd Liability Co Sells 87 Shares of Phillips 66 (NYSE:PSX)

Pine Valley Investments Ltd Liability Co lowered its position in shares of Phillips 66 (NYSE:PSX) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,752 shares of the oil and gas company’s stock after selling 87 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Phillips 66 were worth $883,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. JBR Co Financial Management Inc boosted its position in shares of Phillips 66 by 0.9% during the 4th quarter. JBR Co Financial Management Inc now owns 9,520 shares of the oil and gas company’s stock worth $1,085,000 after purchasing an additional 85 shares in the last quarter. Webster Bank N. A. boosted its position in shares of Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 88 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its position in shares of Phillips 66 by 0.5% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 17,548 shares of the oil and gas company’s stock worth $2,307,000 after purchasing an additional 89 shares in the last quarter. Avestar Capital LLC boosted its position in shares of Phillips 66 by 5.1% during the 3rd quarter. Avestar Capital LLC now owns 1,885 shares of the oil and gas company’s stock worth $248,000 after purchasing an additional 92 shares in the last quarter. Finally, Pinnacle Bancorp Inc. boosted its position in shares of Phillips 66 by 3.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,535 shares of the oil and gas company’s stock worth $289,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PSX. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective on the stock in a research report on Friday, January 3rd. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. StockNews.com raised shares of Phillips 66 from a “sell” rating to a “hold” rating in a research report on Saturday. Mizuho lowered their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Wells Fargo & Company upped their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $148.00.

Phillips 66 Trading Down 0.7 %

NYSE:PSX opened at $126.21 on Wednesday. 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 firm has a market cap of $52.12 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37. Phillips 66 has a 52 week low of $108.90 and a 52 week high of $174.08. The firm has a 50-day moving average price of $119.60 and a two-hundred day moving average price of $126.91.

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 the consensus estimate 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 posted $3.09 earnings per share. On average, equities analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Monday, February 24th. Phillips 66’s dividend payout ratio is currently 93.12%.

Phillips 66 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.