Sanctuary Advisors LLC Has $12.51 Million Stock Position in Phillips 66 (NYSE:PSX)

Sanctuary Advisors LLC lessened its position in Phillips 66 (NYSE:PSX) by 0.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 103,484 shares of the oil and gas company’s stock after selling 158 shares during the period. Sanctuary Advisors LLC’s holdings in Phillips 66 were worth $12,505,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Strategic Advisors LLC raised its holdings in Phillips 66 by 2.8% during the fourth quarter. Strategic Advisors LLC now owns 8,072 shares of the oil and gas company’s stock worth $920,000 after buying an additional 223 shares during the last quarter. Valmark Advisers Inc. raised its holdings in shares of Phillips 66 by 1.5% in the 4th quarter. Valmark Advisers Inc. now owns 6,722 shares of the oil and gas company’s stock worth $766,000 after acquiring an additional 101 shares during the last quarter. Csenge Advisory Group lifted its position in Phillips 66 by 20.9% in the 4th quarter. Csenge Advisory Group now owns 10,820 shares of the oil and gas company’s stock valued at $1,233,000 after acquiring an additional 1,874 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in Phillips 66 during the 4th quarter valued at about $2,301,000. Finally, Allworth Financial LP increased its holdings in Phillips 66 by 19.4% during the 4th quarter. Allworth Financial LP now owns 15,262 shares of the oil and gas company’s stock worth $1,809,000 after purchasing an additional 2,484 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Price Performance

PSX opened at $130.51 on Wednesday. The firm has a 50-day moving average price of $118.70 and a 200-day moving average price of $127.10. Phillips 66 has a twelve month low of $108.90 and a twelve month high of $174.08. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $53.90 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 5.64 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last issued its 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 quarter in the prior year, the firm posted $3.09 EPS. Equities analysts expect that Phillips 66 will post 7.14 EPS for the current year.

Phillips 66 Announces Dividend

The business also recently disclosed 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 3.52%. Phillips 66’s dividend payout ratio (DPR) is 93.12%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. StockNews.com cut Phillips 66 from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. Mizuho cut their price objective 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. Wells Fargo & Company upped their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. UBS Group dropped their price target on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. 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 research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company 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.