Guggenheim Capital LLC Has $7.56 Million Stock Position in Phillips 66 (NYSE:PSX)

Guggenheim Capital LLC cut its holdings in Phillips 66 (NYSE:PSX) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,323 shares of the oil and gas company’s stock after selling 1,158 shares during the period. Guggenheim Capital LLC’s holdings in Phillips 66 were worth $7,556,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Bogart Wealth LLC lifted its position in Phillips 66 by 120.0% during the 4th 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. J.Safra Asset Management Corp acquired a new position in Phillips 66 during the fourth quarter valued at approximately $25,000. Stephens Consulting LLC grew its stake in Phillips 66 by 83.5% in the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 111 shares in the last quarter. Graney & King LLC acquired a new position in shares of Phillips 66 during the 4th quarter worth approximately $28,000. Finally, Human Investing LLC acquired a new stake in shares of Phillips 66 in the 4th quarter valued at approximately $30,000. Institutional investors own 76.93% of the company’s stock.

Phillips 66 Stock Up 2.4 %

Shares of PSX opened at $98.88 on Friday. 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 has a 12 month low of $91.01 and a 12 month high of $159.25. The firm’s 50 day moving average is $118.98 and its 200-day moving average is $122.67. The stock has a market capitalization of $40.29 billion, a PE ratio of 20.02, a P/E/G ratio of 4.84 and a beta of 1.17.

Phillips 66 (NYSE:PSX) last released its 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 period last year, the business earned $3.09 EPS. Equities research analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were given a dividend of $1.15 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $4.60 annualized dividend and a yield of 4.65%. Phillips 66’s dividend payout ratio is currently 93.12%.

Analysts Set New Price Targets

PSX has been the topic of several analyst reports. Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 10th. Barclays reduced their price target on Phillips 66 from $135.00 to $106.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. StockNews.com lowered Phillips 66 from a “hold” rating to a “sell” rating in a research note on Sunday, March 2nd. Wells Fargo & Company lifted their target price on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Scotiabank cut their price target on Phillips 66 from $136.00 to $133.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $142.00.

About Phillips 66

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.