Phillips 66 (NYSE:PSX) Shares Sold by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC lessened its holdings in Phillips 66 (NYSE:PSX) by 28.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,636 shares of the oil and gas company’s stock after selling 1,854 shares during the period. Dynasty Wealth Management LLC’s holdings in Phillips 66 were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in shares of Phillips 66 by 3.2% during the fourth quarter. Private Trust Co. NA now owns 6,896 shares of the oil and gas company’s stock worth $786,000 after purchasing an additional 213 shares during the last quarter. Altrius Capital Management Inc grew its position in Phillips 66 by 5.8% during the 4th quarter. Altrius Capital Management Inc now owns 34,446 shares of the oil and gas company’s stock worth $3,925,000 after purchasing an additional 1,881 shares during the period. Private Capital Management LLC grew its position in Phillips 66 by 14.7% during the 3rd quarter. Private Capital Management LLC now owns 8,794 shares of the oil and gas company’s stock worth $1,156,000 after purchasing an additional 1,130 shares during the period. Argyle Capital Management LLC grew its position in Phillips 66 by 6.1% during the 4th quarter. Argyle Capital Management LLC now owns 19,937 shares of the oil and gas company’s stock worth $2,271,000 after purchasing an additional 1,151 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in Phillips 66 by 4.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,384 shares of the oil and gas company’s stock worth $272,000 after acquiring an additional 103 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on PSX. Wells Fargo & Company raised their target price on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. UBS Group dropped their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Barclays dropped 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 research report on Monday, January 13th. Finally, Mizuho dropped their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.00.

Phillips 66 Trading Up 1.9 %

Shares of Phillips 66 stock opened at $129.81 on Friday. The stock has a market cap of $52.92 billion, a P/E ratio of 26.28, a P/E/G ratio of 4.84 and a beta of 1.37. The stock’s 50 day simple moving average is $120.60 and its 200-day simple moving average is $126.86. Phillips 66 has a 1-year low of $108.90 and a 1-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) earnings per share 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 last year, the firm posted $3.09 EPS. Analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The firm 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 $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Monday, February 24th. Phillips 66’s dividend payout ratio is presently 93.12%.

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.