Louisiana State Employees Retirement System Has $2.53 Million Holdings in Phillips 66 (NYSE:PSX)

Louisiana State Employees Retirement System lessened its holdings in shares of Phillips 66 (NYSE:PSX) by 5.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 22,200 shares of the oil and gas company’s stock after selling 1,400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Phillips 66 were worth $2,529,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PSX. nVerses Capital LLC acquired a new position in shares of Phillips 66 during the third quarter worth $26,000. Stephens Consulting LLC lifted its holdings in shares of Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 111 shares during the period. Values First Advisors Inc. acquired a new position in shares of Phillips 66 during the third quarter worth $30,000. Webster Bank N. A. lifted its holdings in shares of Phillips 66 by 48.4% during the fourth 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 during the period. Finally, YANKCOM Partnership acquired a new position in shares of Phillips 66 during the fourth quarter worth $31,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Trading Up 0.5 %

PSX opened at $125.70 on Friday. Phillips 66 has a 1-year low of $108.90 and a 1-year 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. The company has a market cap of $51.91 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 5.64 and a beta of 1.37. The company has a fifty day moving average price of $118.83 and a two-hundred day moving average price of $127.55.

Phillips 66 (NYSE:PSX) last posted its earnings results 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 return on equity of 8.58% and a net margin of 1.46%. During the same quarter in the prior year, the company earned $3.09 EPS. Analysts predict that Phillips 66 will post 7.14 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Monday, February 24th. Phillips 66’s payout ratio is presently 93.12%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PSX shares. Barclays cut their price target on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Mizuho dropped 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. Bank of America started coverage on shares of Phillips 66 in a report on Thursday, October 17th. They issued a “buy” rating and a $156.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, StockNews.com lowered shares of Phillips 66 from a “hold” rating to a “sell” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

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.