PDS Planning Inc Sells 86 Shares of Phillips 66 (NYSE:PSX)

PDS Planning Inc decreased its holdings in shares of Phillips 66 (NYSE:PSX) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,083 shares of the oil and gas company’s stock after selling 86 shares during the period. PDS Planning Inc’s holdings in Phillips 66 were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of PSX. TrinityPoint Wealth LLC grew its position in shares of Phillips 66 by 2.4% during the 3rd quarter. TrinityPoint Wealth LLC now owns 5,312 shares of the oil and gas company’s stock valued at $698,000 after acquiring an additional 122 shares during the period. Quest Partners LLC grew its position in shares of Phillips 66 by 324,800.0% during the 3rd quarter. Quest Partners LLC now owns 3,249 shares of the oil and gas company’s stock valued at $427,000 after acquiring an additional 3,248 shares during the period. Meeder Advisory Services Inc. grew its position in shares of Phillips 66 by 4.7% during the 3rd quarter. Meeder Advisory Services Inc. now owns 10,013 shares of the oil and gas company’s stock valued at $1,316,000 after acquiring an additional 449 shares during the period. Caprock Group LLC grew its position in shares of Phillips 66 by 1.3% during the 3rd quarter. Caprock Group LLC now owns 9,694 shares of the oil and gas company’s stock valued at $1,274,000 after acquiring an additional 127 shares during the period. Finally, OneAscent Financial Services LLC bought a new stake in shares of Phillips 66 during the 3rd quarter valued at $359,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Down 0.7 %

Shares of PSX stock opened at $128.34 on Wednesday. The stock has a market cap of $52.32 billion, a P/E ratio of 25.98, a PEG ratio of 4.84 and a beta of 1.31. Phillips 66 has a 52 week low of $108.91 and a 52 week high of $174.08. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $123.37 and its two-hundred day simple moving average is $125.77.

Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the firm earned $3.09 EPS. Analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Monday, February 24th. Phillips 66’s dividend payout ratio is 93.12%.

Analyst Upgrades and Downgrades

PSX has been the topic of a number of analyst reports. Mizuho lowered their target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. 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 note on Friday, January 3rd. Wells Fargo & Company lifted their target price 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. Barclays lifted their target price on shares of Phillips 66 from $115.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, March 14th. Finally, Piper Sandler cut shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $149.43.

Phillips 66 Company 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.