Elo Mutual Pension Insurance Co Has $4.35 Million Holdings in Phillips 66 (NYSE:PSX)

Elo Mutual Pension Insurance Co trimmed its position in Phillips 66 (NYSE:PSX) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,199 shares of the oil and gas company’s stock after selling 2,098 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Phillips 66 were worth $4,352,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its position in Phillips 66 by 113.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,703 shares of the oil and gas company’s stock worth $750,000 after purchasing an additional 3,030 shares in the last quarter. Avestar Capital LLC grew its holdings in shares of Phillips 66 by 5.1% during the third quarter. Avestar Capital LLC now owns 1,885 shares of the oil and gas company’s stock valued at $248,000 after buying an additional 92 shares in the last quarter. Townsquare Capital LLC grew its holdings in shares of Phillips 66 by 6.3% during the third quarter. Townsquare Capital LLC now owns 24,125 shares of the oil and gas company’s stock valued at $3,171,000 after buying an additional 1,427 shares in the last quarter. Cynosure Group LLC purchased a new stake in Phillips 66 in the 3rd quarter worth about $201,000. Finally, CreativeOne Wealth LLC boosted its position in Phillips 66 by 43.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 3,697 shares of the oil and gas company’s stock worth $486,000 after acquiring an additional 1,128 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Piper Sandler downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Wells Fargo & Company upped their price objective 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. Mizuho decreased their target price 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. StockNews.com lowered Phillips 66 from a “hold” rating to a “sell” rating in a report on Sunday, March 2nd. Finally, Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $146.43.

Phillips 66 Stock Performance

PSX opened at $124.89 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21. The company has a market cap of $50.92 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 4.84 and a beta of 1.31. The stock has a 50-day moving average of $124.74 and a 200-day moving average of $125.57. Phillips 66 has a 52-week low of $108.91 and a 52-week high of $174.08.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) 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 period last year, the company posted $3.09 EPS. As a group, equities research analysts forecast that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

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