Phillips 66 (NYSE:PSX) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lowered its stake in Phillips 66 (NYSE:PSX) by 6.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 28,752 shares of the oil and gas company’s stock after selling 2,074 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Phillips 66 were worth $3,276,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Phillips 66 during the fourth quarter worth about $497,648,000. Raymond James Financial Inc. acquired a new stake in Phillips 66 in the 4th quarter worth about $168,790,000. Amundi increased its stake in Phillips 66 by 25.7% during the 4th quarter. Amundi now owns 3,682,414 shares of the oil and gas company’s stock worth $428,081,000 after buying an additional 753,653 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Phillips 66 by 166.7% during the fourth quarter. National Bank of Canada FI now owns 1,134,582 shares of the oil and gas company’s stock valued at $129,266,000 after acquiring an additional 709,219 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Phillips 66 by 7.3% in the fourth 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 acquiring an additional 639,323 shares in the last quarter. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. The Goldman Sachs Group lowered Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price objective on the stock. in a report on Thursday, March 27th. StockNews.com cut shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Sunday, March 2nd. Wells Fargo & Company raised their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Mizuho dropped their price target on Phillips 66 from $140.00 to $132.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Finally, Raymond James reduced their price objective on Phillips 66 from $150.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $142.00.

Phillips 66 Price Performance

Phillips 66 stock opened at $100.83 on Wednesday. The company’s 50 day simple moving average is $117.31 and its 200-day simple moving average is $121.80. 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 has a 1 year low of $91.01 and a 1 year high of $159.25. The company has a market capitalization of $41.08 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 4.84 and a beta of 1.17.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates 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 period last year, the firm earned $3.09 EPS. As a group, equities research analysts expect that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a $1.20 dividend. This is an increase from Phillips 66’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.80 annualized dividend and a dividend yield of 4.76%. Phillips 66’s 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.