Peoples Bank OH Sells 380 Shares of Phillips 66 (NYSE:PSX)

Peoples Bank OH decreased its position in Phillips 66 (NYSE:PSX) by 5.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,944 shares of the oil and gas company’s stock after selling 380 shares during the period. Peoples Bank OH’s holdings in Phillips 66 were worth $791,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Webster Bank N. A. boosted its stake in shares of Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after buying an additional 88 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew its position in shares of Phillips 66 by 0.5% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 17,548 shares of the oil and gas company’s stock worth $2,307,000 after purchasing an additional 89 shares in the last quarter. Avestar Capital LLC boosted its position in shares of Phillips 66 by 5.1% during the 3rd quarter. Avestar Capital LLC now owns 1,885 shares of the oil and gas company’s stock worth $248,000 after acquiring an additional 92 shares in the last quarter. Pinnacle Bancorp Inc. boosted its position in shares of Phillips 66 by 3.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 2,535 shares of the oil and gas company’s stock worth $289,000 after acquiring an additional 95 shares in the last quarter. Finally, Everpar Advisors LLC boosted its position in shares of Phillips 66 by 2.5% during the 4th quarter. Everpar Advisors LLC now owns 4,005 shares of the oil and gas company’s stock worth $456,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Up 1.3 %

Phillips 66 stock opened at $131.67 on Friday. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08. The stock has a market cap of $54.38 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 4.78 and a beta of 1.37. The firm’s 50-day simple moving average is $119.05 and its 200 day simple moving average is $127.13. 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 (NYSE:PSX) last released 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 quarter in the previous year, the firm earned $3.09 EPS. Research analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.49%. The ex-dividend date is Monday, February 24th. Phillips 66’s dividend payout ratio (DPR) is presently 93.12%.

Analysts Set New Price Targets

A number of analysts have weighed in on PSX shares. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Friday, January 3rd. Wells Fargo & Company raised their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. UBS Group dropped their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Mizuho decreased their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, StockNews.com downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently 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.