Vaughan David Investments LLC IL Sells 400 Shares of Phillips 66 (NYSE:PSX)

Vaughan David Investments LLC IL cut its stake in Phillips 66 (NYSE:PSX) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,981 shares of the oil and gas company’s stock after selling 400 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Phillips 66 were worth $454,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its stake in 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 purchasing an additional 639,323 shares in the last quarter. Rowlandmiller & PARTNERS.ADV grew its holdings in shares of Phillips 66 by 14.9% in the 4th quarter. Rowlandmiller & PARTNERS.ADV now owns 12,021 shares of the oil and gas company’s stock valued at $1,370,000 after buying an additional 1,560 shares during the period. Y Intercept Hong Kong Ltd increased its position in shares of Phillips 66 by 8.7% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 20,554 shares of the oil and gas company’s stock valued at $2,342,000 after buying an additional 1,645 shares in the last quarter. South Dakota Investment Council acquired a new stake in Phillips 66 during the 4th quarter worth $219,000. Finally, Delta Financial Group Inc. acquired a new stake in Phillips 66 during the 4th quarter worth $225,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Trading Down 0.7 %

Phillips 66 stock opened at $126.21 on Wednesday. The company has a market cap of $52.12 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 4.84 and a beta of 1.37. The firm has a 50-day moving average of $119.60 and a 200-day moving average of $126.91. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. Phillips 66 has a one year low of $108.90 and a one year high of $174.08.

Phillips 66 (NYSE:PSX) last issued 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 firm earned $3.09 EPS. On average, equities analysts expect 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 will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $4.60 annualized dividend and a dividend yield of 3.64%. Phillips 66’s dividend payout ratio is presently 93.12%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PSX shares. UBS Group decreased their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, November 4th. 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 note on Friday, January 3rd. Barclays dropped their target price on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company upped their price target on shares of Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, StockNews.com upgraded shares of Phillips 66 from a “sell” rating to a “hold” rating in a report on Saturday. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Phillips 66 presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Phillips 66 Company 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.