Todd Asset Management LLC Has $21.40 Million Stock Position in Phillips 66 (NYSE:PSX)

Todd Asset Management LLC cut its holdings in shares of Phillips 66 (NYSE:PSX) by 48.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 187,841 shares of the oil and gas company’s stock after selling 175,440 shares during the quarter. Todd Asset Management LLC’s holdings in Phillips 66 were worth $21,401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PSX. Bank of New York Mellon Corp boosted its holdings in shares of Phillips 66 by 7.3% during the fourth quarter. Bank of New York Mellon Corp now owns 9,344,342 shares of the oil and gas company’s stock worth $1,064,601,000 after purchasing an additional 639,323 shares during the period. Rowlandmiller & PARTNERS.ADV lifted its holdings in shares of Phillips 66 by 14.9% during 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 last quarter. Y Intercept Hong Kong Ltd grew its stake 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 bought a new stake in shares of Phillips 66 in the 4th quarter valued at approximately $219,000. Finally, Delta Financial Group Inc. acquired a new position in Phillips 66 in the fourth quarter worth approximately $225,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Mizuho cut their price target on shares of Phillips 66 from $150.00 to $147.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Wolfe Research raised shares of Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Friday, January 3rd. UBS Group reduced their target price on Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. StockNews.com raised shares of Phillips 66 from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Barclays reduced their price objective on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Five investment analysts have rated the stock with 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 a consensus target price of $148.00.

Phillips 66 Stock Performance

NYSE:PSX opened at $127.30 on Tuesday. The stock has a market capitalization of $52.57 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 4.84 and a beta of 1.37. Phillips 66 has a 1 year low of $108.90 and a 1 year high of $174.08. The firm has a 50 day moving average of $119.39 and a 200-day moving average of $126.97. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data 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 business posted $3.09 earnings per share. As a group, sell-side analysts anticipate that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Monday, February 24th. Phillips 66’s 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.