Good Life Advisors LLC Sells 321 Shares of Phillips 66 (NYSE:PSX)

Good Life Advisors LLC trimmed its holdings in Phillips 66 (NYSE:PSX) by 8.8% in the 4th quarter, Holdings Channel reports. The fund owned 3,318 shares of the oil and gas company’s stock after selling 321 shares during the quarter. Good Life Advisors LLC’s holdings in Phillips 66 were worth $378,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PSX. Webster Bank N. A. increased its stake in shares of Phillips 66 by 48.4% during the fourth quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 88 shares in the last quarter. Cobblestone Capital Advisors LLC NY grew its stake in shares of Phillips 66 by 0.5% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 17,548 shares of the oil and gas company’s stock worth $2,307,000 after buying an additional 89 shares during the last quarter. Avestar Capital LLC increased its position in Phillips 66 by 5.1% during the 3rd 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. Pinnacle Bancorp Inc. raised its stake in Phillips 66 by 3.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 2,535 shares of the oil and gas company’s stock valued at $289,000 after buying an additional 95 shares during the last quarter. Finally, Everpar Advisors LLC boosted its holdings in Phillips 66 by 2.5% in the fourth quarter. Everpar Advisors LLC now owns 4,005 shares of the oil and gas company’s stock worth $456,000 after acquiring an additional 96 shares in the last quarter. 76.93% of the stock is owned by hedge funds and other institutional investors.

Phillips 66 Stock Up 1.3 %

PSX stock opened at $131.67 on Friday. The company has a market cap of $54.38 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 4.79 and a beta of 1.37. 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 business’s 50-day moving average is $119.05 and its two-hundred day moving average is $127.13. Phillips 66 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08.

Phillips 66 (NYSE:PSX) last issued 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 firm posted $3.09 earnings per share. As a group, analysts forecast that Phillips 66 will post 6.8 earnings per share for the current year.

Phillips 66 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Monday, February 24th. Phillips 66’s dividend payout ratio is presently 93.12%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PSX. UBS Group reduced their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price for the company in a report on Friday, January 3rd. Piper Sandler downgraded shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. Mizuho reduced their price target 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. Finally, StockNews.com cut Phillips 66 from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.