C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $482,000 Holdings in Phillips 66 (NYSE:PSX)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors reduced its position in shares of Phillips 66 (NYSE:PSX) by 86.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,233 shares of the oil and gas company’s stock after selling 27,351 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Phillips 66 were worth $482,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cardinal Capital Management increased its stake in shares of Phillips 66 by 1.5% during the 4th quarter. Cardinal Capital Management now owns 25,810 shares of the oil and gas company’s stock worth $2,941,000 after purchasing an additional 372 shares during the last quarter. D.A. Davidson & CO. increased its position in Phillips 66 by 2.0% during the fourth quarter. D.A. Davidson & CO. now owns 63,198 shares of the oil and gas company’s stock worth $7,200,000 after buying an additional 1,255 shares during the last quarter. Empower Advisory Group LLC raised its stake in Phillips 66 by 11.3% in the fourth quarter. Empower Advisory Group LLC now owns 2,742 shares of the oil and gas company’s stock valued at $312,000 after buying an additional 279 shares during the period. Truist Financial Corp lifted its position in shares of Phillips 66 by 0.8% in the fourth quarter. Truist Financial Corp now owns 573,283 shares of the oil and gas company’s stock valued at $65,314,000 after buying an additional 4,336 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Phillips 66 by 1.2% during the 4th quarter. CIBC Asset Management Inc now owns 72,684 shares of the oil and gas company’s stock worth $8,281,000 after acquiring an additional 851 shares during the period. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Price Performance

Shares of NYSE:PSX opened at $130.12 on Thursday. The firm has a 50 day moving average of $118.90 and a 200-day moving average of $127.10. Phillips 66 has a 12 month low of $108.90 and a 12 month high of $174.08. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $53.74 billion, a PE ratio of 26.34, a PEG ratio of 4.71 and a beta of 1.37.

Phillips 66 (NYSE:PSX) last released its earnings results on Friday, January 31st. The oil and gas company reported ($0.15) earnings per share 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 period in the prior year, the firm earned $3.09 EPS. On average, equities research analysts predict that Phillips 66 will post 6.8 EPS for the current fiscal year.

Phillips 66 Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Monday, February 24th. Phillips 66’s dividend payout ratio is presently 93.12%.

Analyst Ratings Changes

A number of research firms have commented on PSX. UBS Group reduced their price objective on shares of Phillips 66 from $150.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Wells Fargo & Company lifted their target price on shares of Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Barclays cut 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. StockNews.com downgraded Phillips 66 from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. Finally, Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Phillips 66 presently has a consensus 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.