RPG Investment Advisory LLC Lowers Position in Phillips 66 (NYSE:PSX)

RPG Investment Advisory LLC cut its stake in shares of Phillips 66 (NYSE:PSX) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,202 shares of the oil and gas company’s stock after selling 3,960 shares during the period. RPG Investment Advisory LLC’s holdings in Phillips 66 were worth $7,201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd lifted its position in Phillips 66 by 8.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 20,554 shares of the oil and gas company’s stock valued at $2,342,000 after purchasing an additional 1,645 shares in the last quarter. South Dakota Investment Council purchased a new position in Phillips 66 during the fourth quarter valued at $219,000. Delta Financial Group Inc. purchased a new position in Phillips 66 during the fourth quarter valued at $225,000. Howard Capital Management Inc. lifted its position in Phillips 66 by 5.3% during the fourth quarter. Howard Capital Management Inc. now owns 2,843 shares of the oil and gas company’s stock valued at $324,000 after purchasing an additional 144 shares in the last quarter. Finally, WESPAC Advisors LLC lifted its position in Phillips 66 by 5.9% during the fourth quarter. WESPAC Advisors LLC now owns 4,185 shares of the oil and gas company’s stock valued at $477,000 after purchasing an additional 235 shares in the last quarter. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

Phillips 66 Price Performance

NYSE:PSX opened at $128.78 on Monday. 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 capitalization of $53.18 billion, a P/E ratio of 26.07, a P/E/G ratio of 4.84 and a beta of 1.37. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The business’s 50-day moving average is $119.17 and its 200 day moving average is $127.03.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data 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 return on equity of 8.58% and a net margin of 1.46%. During the same period in the prior year, the firm earned $3.09 EPS. On average, equities research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be paid a dividend of $1.15 per share. The ex-dividend date is Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.57%. Phillips 66’s payout ratio is currently 93.12%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PSX shares. Wolfe Research upgraded 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. Mizuho lowered 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. Piper Sandler downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Barclays lowered their price objective on 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, StockNews.com upgraded Phillips 66 from a “sell” rating to a “hold” rating in a research report on Saturday. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Phillips 66 has an average rating of “Moderate Buy” and a consensus target price 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.