Dakota Wealth Management Has $5.75 Million Position in Phillips 66 (NYSE:PSX)

Dakota Wealth Management lowered its position in shares of Phillips 66 (NYSE:PSX) by 4.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,486 shares of the oil and gas company’s stock after selling 2,302 shares during the period. Dakota Wealth Management’s holdings in Phillips 66 were worth $5,752,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in Phillips 66 during the 2nd quarter worth about $534,000. Pacer Advisors Inc. increased its stake in Phillips 66 by 4.8% during the 2nd quarter. Pacer Advisors Inc. now owns 34,272 shares of the oil and gas company’s stock valued at $4,838,000 after purchasing an additional 1,573 shares in the last quarter. Evergreen Capital Management LLC lifted its position in Phillips 66 by 4.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,496 shares of the oil and gas company’s stock valued at $635,000 after acquiring an additional 179 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Phillips 66 by 55.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 81,954 shares of the oil and gas company’s stock valued at $11,569,000 after buying an additional 29,260 shares during the last quarter. Finally, Sfmg LLC boosted its stake in shares of Phillips 66 by 12.9% in the 2nd quarter. Sfmg LLC now owns 1,605 shares of the oil and gas company’s stock worth $227,000 after buying an additional 184 shares during the last quarter. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Price Performance

Shares of PSX stock opened at $118.55 on Thursday. 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 has a fifty-two week low of $108.90 and a fifty-two week high of $174.08. The firm has a market cap of $48.96 billion, a P/E ratio of 15.22, a P/E/G ratio of 3.84 and a beta of 1.38. The business’s 50 day moving average price is $122.18 and its 200-day moving average price is $129.32.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings data on Tuesday, October 29th. The oil and gas company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.41. Phillips 66 had a net margin of 2.24% and a return on equity of 13.12%. The business had revenue of $36.16 billion for the quarter, compared to the consensus estimate of $36.31 billion. During the same period in the previous year, the firm earned $4.63 EPS. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. On average, equities research analysts anticipate that Phillips 66 will post 6.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PSX has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Phillips 66 from $167.00 to $161.00 and set an “overweight” rating for the company in a research report on Monday, December 9th. Mizuho decreased 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. Scotiabank lowered their price target on Phillips 66 from $145.00 to $136.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Barclays cut their price objective on Phillips 66 from $124.00 to $115.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, UBS Group lowered their price target on Phillips 66 from $150.00 to $138.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $147.93.

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.