Mitsubishi UFJ Trust & Banking Corp Sells 12,934 Shares of Phillips 66 (NYSE:PSX)

Mitsubishi UFJ Trust & Banking Corp lowered its position in Phillips 66 (NYSE:PSX) by 5.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 209,568 shares of the oil and gas company’s stock after selling 12,934 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Phillips 66 were worth $23,876,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PSX. Bank of New York Mellon Corp increased its holdings in shares of Phillips 66 by 7.3% in the fourth quarter. Bank of New York Mellon Corp now owns 9,344,342 shares of the oil and gas company’s stock worth $1,064,601,000 after buying an additional 639,323 shares during the period. Amundi increased its stake in Phillips 66 by 25.7% in the 4th quarter. Amundi now owns 3,682,414 shares of the oil and gas company’s stock worth $428,081,000 after purchasing an additional 753,653 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Phillips 66 by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,002,995 shares of the oil and gas company’s stock valued at $342,131,000 after purchasing an additional 101,108 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Phillips 66 during the fourth quarter valued at approximately $168,790,000. Finally, National Pension Service boosted its stake in shares of Phillips 66 by 11.9% during the fourth quarter. National Pension Service now owns 1,120,657 shares of the oil and gas company’s stock valued at $127,676,000 after purchasing an additional 118,923 shares during the period. 76.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PSX has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target 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. The Goldman Sachs Group lowered shares of Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 target price for the company. in a report on Thursday. Barclays boosted their price target on Phillips 66 from $115.00 to $135.00 and gave the company an “equal weight” rating in a report on Friday, March 14th. StockNews.com lowered Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. Finally, Mizuho decreased their target price on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, Phillips 66 has an average rating of “Moderate Buy” and an average target price of $146.43.

Phillips 66 Stock Down 1.3 %

NYSE:PSX opened at $124.89 on Friday. Phillips 66 has a 1-year low of $108.91 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. The firm’s 50-day moving average price is $124.74 and its 200-day moving average price is $125.57. The company has a market capitalization of $50.92 billion, a PE ratio of 25.28, a P/E/G ratio of 4.84 and a beta of 1.31.

Phillips 66 (NYSE:PSX) last posted 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 return on equity of 8.58% and a net margin of 1.46%. During the same period in the previous year, the company posted $3.09 earnings per share. On average, equities analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Monday, February 24th. Phillips 66’s dividend payout ratio is currently 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.