Phillips 66 (NYSE:PSX) Stake Lessened by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd cut its holdings in Phillips 66 (NYSE:PSX) by 13.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,800 shares of the oil and gas company’s stock after selling 600 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Phillips 66 were worth $433,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Hills Bank & Trust Co increased its position in shares of Phillips 66 by 7.4% in the fourth quarter. Hills Bank & Trust Co now owns 3,643 shares of the oil and gas company’s stock worth $415,000 after acquiring an additional 252 shares in the last quarter. Intact Investment Management Inc. acquired a new position in shares of Phillips 66 in the fourth quarter worth $68,000. LBP AM SA raised its stake in shares of Phillips 66 by 217.9% during the 4th quarter. LBP AM SA now owns 68,923 shares of the oil and gas company’s stock worth $7,852,000 after purchasing an additional 47,242 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in Phillips 66 by 8.3% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 3,222 shares of the oil and gas company’s stock valued at $367,000 after acquiring an additional 248 shares in the last quarter. Finally, Impact Capital Partners LLC bought a new position in shares of Phillips 66 during the 4th quarter valued at $744,000. 76.93% of the stock is owned by institutional investors.

Phillips 66 Stock Up 3.5 %

Shares of NYSE:PSX opened at $126.84 on Friday. The company has a 50 day moving average of $122.82 and a 200-day moving average of $125.97. The stock has a market cap of $51.71 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 4.84 and a beta of 1.31. Phillips 66 has a one year low of $108.91 and a one year high of $174.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results 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 period in the prior year, the firm earned $3.09 earnings per share. On average, sell-side analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Announces Dividend

The company 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 3.63%. Phillips 66’s dividend payout ratio (DPR) is 93.12%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Piper Sandler lowered Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Barclays increased their target price 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. StockNews.com downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Sunday, March 2nd. Wells Fargo & Company lifted their price objective on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $149.43.

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.