Richwood Investment Advisors LLC Cuts Stock Holdings in Phillips 66 (NYSE:PSX)

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

Several other hedge funds also recently modified their holdings of PSX. Quest Partners LLC boosted its position in shares of Phillips 66 by 324,800.0% during the third quarter. Quest Partners LLC now owns 3,249 shares of the oil and gas company’s stock valued at $427,000 after buying an additional 3,248 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Phillips 66 by 113.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,703 shares of the oil and gas company’s stock valued at $750,000 after buying an additional 3,030 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in shares of Phillips 66 by 59.8% during the third quarter. Citizens Financial Group Inc. RI now owns 5,898 shares of the oil and gas company’s stock valued at $775,000 after buying an additional 2,206 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its position in shares of Phillips 66 by 10.2% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,974 shares of the oil and gas company’s stock valued at $391,000 after buying an additional 275 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Phillips 66 by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,901,887 shares of the oil and gas company’s stock valued at $381,453,000 after buying an additional 16,941 shares during the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Analyst Upgrades and Downgrades

PSX has been the topic of several research analyst reports. 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 report on Monday, December 16th. Wolfe Research raised 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. Wells Fargo & Company boosted their price objective on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler cut Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Finally, StockNews.com cut Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $147.54.

Phillips 66 Stock Performance

NYSE:PSX opened at $125.51 on Friday. 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 52-week low of $108.91 and a 52-week high of $174.08. The firm has a market cap of $51.17 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 4.84 and a beta of 1.31. The business’s fifty day moving average is $124.11 and its 200 day moving average is $125.65.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (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 business earned $3.09 EPS. Research analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

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