Fiduciary Trust Co Has $1.37 Million Holdings in Phillips 66 (NYSE:PSX)

Fiduciary Trust Co boosted its position in shares of Phillips 66 (NYSE:PSX) by 4.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,014 shares of the oil and gas company’s stock after acquiring an additional 561 shares during the period. Fiduciary Trust Co’s holdings in Phillips 66 were worth $1,369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC raised its position in Phillips 66 by 120.0% in the 4th quarter. Bogart Wealth LLC now owns 220 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 120 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Phillips 66 in the fourth quarter worth $25,000. Stephens Consulting LLC boosted its holdings in Phillips 66 by 83.5% during the fourth quarter. Stephens Consulting LLC now owns 244 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 111 shares during the last quarter. Graney & King LLC bought a new position in shares of Phillips 66 in the 4th quarter valued at about $28,000. Finally, Human Investing LLC acquired a new position in Phillips 66 during the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 76.93% of the company’s stock.

Phillips 66 Stock Up 1.5 %

NYSE PSX opened at $110.86 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. The company has a market cap of $45.17 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 4.84 and a beta of 1.01. The company has a 50 day moving average of $111.61 and a 200-day moving average of $119.31. Phillips 66 has a 1-year low of $91.01 and a 1-year high of $150.12.

Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, April 25th. The oil and gas company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.97). The company had revenue of $31.92 billion during the quarter, compared to analyst estimates of $31.93 billion. Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same period in the prior year, the firm earned $1.90 earnings per share. On average, equities research analysts expect that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a dividend of $1.20 per share. This is a boost from Phillips 66’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Monday, May 19th. This represents a $4.80 annualized dividend and a yield of 4.33%. Phillips 66’s dividend payout ratio is currently 109.34%.

Wall Street Analysts Forecast Growth

PSX has been the topic of a number of analyst reports. Raymond James dropped their price objective on Phillips 66 from $150.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. TD Cowen reduced their price objective on shares of Phillips 66 from $127.00 to $114.00 and set a “buy” rating for the company in a research report on Monday, April 28th. The Goldman Sachs Group lowered shares of Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price objective on the stock. in a research report on Thursday, March 27th. UBS Group cut their target price on shares of Phillips 66 from $144.00 to $140.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Finally, Morgan Stanley decreased their price target on shares of Phillips 66 from $140.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.36.

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.