Venturi Wealth Management LLC Sells 745 Shares of Phillips 66 (NYSE:PSX)

Venturi Wealth Management LLC lowered its stake in shares of Phillips 66 (NYSE:PSX) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,983 shares of the oil and gas company’s stock after selling 745 shares during the quarter. Venturi Wealth Management LLC’s holdings in Phillips 66 were worth $454,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PSX. nVerses Capital LLC acquired a new stake in Phillips 66 during the third quarter worth $26,000. Bogart Wealth LLC boosted its stake in Phillips 66 by 120.0% during the fourth quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock worth $25,000 after buying an additional 120 shares in the last quarter. Values First Advisors Inc. acquired a new stake in Phillips 66 during the third quarter worth $30,000. Stephens Consulting LLC boosted its stake in Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after buying an additional 111 shares in the last quarter. Finally, Human Investing LLC acquired a new stake in Phillips 66 during the fourth quarter worth $30,000. Institutional investors own 76.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. StockNews.com downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Wolfe Research upgraded shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research note 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 target price on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Barclays reduced 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 research note on Monday, January 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $148.00.

Phillips 66 Stock Down 0.1 %

Shares of NYSE PSX opened at $130.12 on Thursday. The firm’s 50-day simple moving average is $118.90 and its 200 day simple moving average is $127.10. The company has a market cap of $53.74 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 4.71 and a beta of 1.37. 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 $108.90 and a 12-month 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) earnings per share (EPS) 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 last year, the company posted $3.09 EPS. On average, research 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 disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be issued a dividend of $1.15 per share. The ex-dividend date is Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 3.54%. Phillips 66’s dividend payout ratio is currently 93.12%.

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.