Wealth Alliance Decreases Stock Holdings in Phillips 66 (NYSE:PSX)

Wealth Alliance trimmed its holdings in shares of Phillips 66 (NYSE:PSX) by 12.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,053 shares of the oil and gas company’s stock after selling 439 shares during the period. Wealth Alliance’s holdings in Phillips 66 were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Corps Capital Advisors LLC purchased a new stake in shares of Phillips 66 during the fourth quarter valued at approximately $412,000. Ieq Capital LLC increased its position in shares of Phillips 66 by 61.3% during the fourth quarter. Ieq Capital LLC now owns 23,999 shares of the oil and gas company’s stock valued at $2,734,000 after acquiring an additional 9,124 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Phillips 66 by 5.7% during the fourth quarter. Private Advisor Group LLC now owns 36,890 shares of the oil and gas company’s stock valued at $4,203,000 after acquiring an additional 1,975 shares during the last quarter. Atlas Legacy Advisors LLC purchased a new stake in shares of Phillips 66 during the fourth quarter valued at approximately $531,000. Finally, Bank of Jackson Hole Trust purchased a new stake in shares of Phillips 66 during the fourth quarter valued at approximately $69,000. 76.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PSX has been the subject of several research reports. Mizuho reduced their price objective on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a report on Monday, December 16th. UBS Group reduced their price objective on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a report on Monday, November 4th. Barclays reduced their price objective on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. StockNews.com raised Phillips 66 from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Wells Fargo & Company raised their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Phillips 66 presently has an average rating of “Moderate Buy” and an average price target of $148.00.

Phillips 66 Trading Down 2.1 %

NYSE PSX opened at $128.78 on Friday. Phillips 66 has a 1-year low of $108.90 and a 1-year high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average of $119.17 and a 200-day moving average of $127.11. The firm has a market cap of $53.18 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 4.78 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the previous year, the company posted $3.09 EPS. As a group, sell-side analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a yield of 3.57%. Phillips 66’s dividend payout ratio is presently 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.