Farmers & Merchants Trust Co of Chambersburg PA Has $1.23 Million Stock Holdings in Phillips 66 (NYSE:PSX)

Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of Phillips 66 (NYSE:PSX) by 16.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,758 shares of the oil and gas company’s stock after buying an additional 1,546 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Phillips 66 were worth $1,226,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Bogart Wealth LLC lifted its holdings in shares of 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 purchasing an additional 120 shares during the period. nVerses Capital LLC acquired a new position in Phillips 66 during the 3rd quarter worth about $26,000. Stephens Consulting LLC lifted its holdings in Phillips 66 by 83.5% during the 4th 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 during the period. Values First Advisors Inc. acquired a new position in Phillips 66 during the 3rd quarter worth about $30,000. Finally, Webster Bank N. A. lifted its holdings in Phillips 66 by 48.4% during the 4th quarter. Webster Bank N. A. now owns 270 shares of the oil and gas company’s stock worth $31,000 after buying an additional 88 shares during the period. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Up 0.5 %

Shares of NYSE:PSX opened at $125.70 on Friday. The firm has a market cap of $51.91 billion, a P/E ratio of 25.44, a PEG ratio of 5.64 and a beta of 1.37. Phillips 66 has a 52-week low of $108.90 and a 52-week high of $174.08. The business’s 50 day simple moving average is $118.83 and its two-hundred day simple moving average is $127.55. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 1.21.

Phillips 66 (NYSE:PSX) last posted 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 net margin of 1.46% and a return on equity of 8.58%. During the same quarter last year, the company posted $3.09 earnings per share. As a group, research analysts forecast that Phillips 66 will post 7.14 EPS for the current fiscal year.

Phillips 66 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Monday, February 24th. Phillips 66’s payout ratio is presently 93.12%.

Analysts Set New Price Targets

PSX has been the topic of a number of recent analyst reports. StockNews.com lowered Phillips 66 from a “hold” rating to a “sell” rating in a research note on Friday. 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 report on Friday, January 3rd. Barclays dropped their price target on shares of Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company boosted their target price 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, Mizuho dropped their target price 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.00.

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.