Aull & Monroe Investment Management Corp Reduces Stock Holdings in Phillips 66 (NYSE:PSX)

Aull & Monroe Investment Management Corp reduced its holdings in Phillips 66 (NYSE:PSX) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,352 shares of the oil and gas company’s stock after selling 725 shares during the period. Aull & Monroe Investment Management Corp’s holdings in Phillips 66 were worth $610,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Freestone Capital Holdings LLC boosted its holdings in Phillips 66 by 3.8% during the fourth quarter. Freestone Capital Holdings LLC now owns 3,799 shares of the oil and gas company’s stock worth $433,000 after buying an additional 140 shares in the last quarter. PFG Private Wealth Management LLC boosted its holdings in Phillips 66 by 7.7% during the fourth quarter. PFG Private Wealth Management LLC now owns 1,233 shares of the oil and gas company’s stock worth $140,000 after buying an additional 88 shares in the last quarter. Inceptionr LLC boosted its holdings in Phillips 66 by 64.7% during the fourth quarter. Inceptionr LLC now owns 4,653 shares of the oil and gas company’s stock worth $530,000 after buying an additional 1,828 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Phillips 66 during the fourth quarter worth $168,790,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in Phillips 66 by 2.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 19,288 shares of the oil and gas company’s stock worth $2,198,000 after buying an additional 457 shares in the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Trading Down 2.0 %

Shares of PSX stock opened at $119.88 on Thursday. 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 has a market cap of $48.88 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37. The company has a 50-day moving average of $121.27 and a two-hundred day moving average of $126.47. Phillips 66 has a 1-year low of $108.91 and a 1-year high of $174.08.

Phillips 66 (NYSE:PSX) last announced its 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 business posted $3.09 EPS. On average, analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were issued a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.84%. Phillips 66’s dividend payout ratio (DPR) is 93.12%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Mizuho reduced their price objective on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company upped their price objective on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, StockNews.com cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday. One equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $148.00.

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.