Kelly Lawrence W & Associates Inc. CA Has $200,000 Holdings in Phillips 66 (NYSE:PSX)

Kelly Lawrence W & Associates Inc. CA lowered its stake in shares of Phillips 66 (NYSE:PSX) by 36.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,758 shares of the oil and gas company’s stock after selling 1,005 shares during the quarter. Kelly Lawrence W & Associates Inc. CA’s holdings in Phillips 66 were worth $200,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in Phillips 66 by 7.3% in the 4th quarter. Bank of New York Mellon Corp now owns 9,344,342 shares of the oil and gas company’s stock valued at $1,064,601,000 after buying an additional 639,323 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Phillips 66 by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 8,530,242 shares of the oil and gas company’s stock valued at $968,844,000 after acquiring an additional 82,758 shares during the period. Norges Bank acquired a new stake in shares of Phillips 66 in the fourth quarter worth $497,648,000. Invesco Ltd. increased its position in Phillips 66 by 9.2% during the fourth quarter. Invesco Ltd. now owns 4,112,618 shares of the oil and gas company’s stock worth $468,551,000 after acquiring an additional 347,905 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Phillips 66 by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,014,113 shares of the oil and gas company’s stock valued at $457,257,000 after purchasing an additional 357,705 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Up 2.4 %

Shares of Phillips 66 stock opened at $98.88 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $159.25. The stock has a market cap of $40.29 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 4.84 and a beta of 1.17. The business has a fifty day simple moving average of $118.36 and a 200 day simple moving average of $122.36.

Phillips 66 (NYSE:PSX) last released its quarterly earnings data 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 prior year, the business posted $3.09 EPS. Research analysts predict that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors 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 4.65%. The ex-dividend date was Monday, February 24th. Phillips 66’s payout ratio is presently 93.12%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PSX shares. The Goldman Sachs Group cut Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price target for the company. in a report on Thursday, March 27th. Wells Fargo & Company upped their target price on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Friday, January 3rd. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Scotiabank reduced their price objective on shares of Phillips 66 from $136.00 to $133.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $142.00.

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.