Richwood Investment Advisors LLC Sells 155 Shares of Phillips 66 (NYSE:PSX)

Richwood Investment Advisors LLC cut its holdings in Phillips 66 (NYSE:PSX) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,425 shares of the oil and gas company’s stock after selling 155 shares during the quarter. Richwood Investment Advisors LLC’s holdings in Phillips 66 were worth $504,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Umpqua Bank boosted its stake in Phillips 66 by 6.1% in the fourth quarter. Umpqua Bank now owns 10,609 shares of the oil and gas company’s stock valued at $1,244,000 after buying an additional 613 shares in the last quarter. Plancorp LLC boosted its stake in shares of Phillips 66 by 11.5% during the fourth quarter. Plancorp LLC now owns 3,192 shares of the oil and gas company’s stock valued at $364,000 after purchasing an additional 329 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in shares of Phillips 66 during the fourth quarter valued at about $372,000. Mizuho Securities USA LLC boosted its stake in shares of 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 valued at $4,459,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Phillips 66 during the fourth quarter valued at about $4,345,000. 76.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note on Friday, January 3rd. Mizuho cut their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Barclays lifted their price objective on Phillips 66 from $115.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, March 14th. Wells Fargo & Company lifted their price objective on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, StockNews.com lowered Phillips 66 from a “hold” rating to a “sell” rating in a research note on Sunday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Phillips 66 currently has an average rating of “Moderate Buy” and a consensus price target of $147.54.

Phillips 66 Trading Down 2.6 %

Shares of PSX stock opened at $125.51 on Friday. The company has a market cap of $51.17 billion, a P/E ratio of 25.41, a PEG ratio of 4.84 and a beta of 1.31. The stock has a 50 day simple moving average of $124.11 and a two-hundred day simple moving average of $125.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. Phillips 66 has a fifty-two week low of $108.91 and a fifty-two week high of $174.08.

Phillips 66 (NYSE:PSX) last released 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 period in the prior year, the company posted $3.09 EPS. Research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued a dividend of $1.15 per share. The ex-dividend date was Monday, February 24th. This represents a $4.60 annualized dividend and a dividend yield of 3.67%. Phillips 66’s dividend payout ratio is 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.