Check Capital Management Inc. CA cut its stake in shares of Phillips 66 (NYSE:PSX) by 54.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 80,497 shares of the oil and gas company’s stock after selling 97,186 shares during the period. Phillips 66 makes up about 0.4% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 21st biggest position. Check Capital Management Inc. CA’s holdings in Phillips 66 were worth $8,142,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Phillips 66 by 0.4% during the second quarter. Vanguard Group Inc. now owns 31,826,155 shares of the oil and gas company’s stock worth $2,631,704,000 after acquiring an additional 130,653 shares during the period. FMR LLC raised its position in Phillips 66 by 37.1% during the second quarter. FMR LLC now owns 7,520,743 shares of the oil and gas company’s stock worth $621,890,000 after acquiring an additional 2,036,258 shares during the period. Bank of New York Mellon Corp raised its position in Phillips 66 by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 6,838,096 shares of the oil and gas company’s stock worth $626,438,000 after acquiring an additional 422,652 shares during the period. Boston Partners raised its position in Phillips 66 by 0.4% during the third quarter. Boston Partners now owns 3,107,739 shares of the oil and gas company’s stock worth $284,700,000 after acquiring an additional 11,610 shares during the period. Finally, Legal & General Group Plc raised its position in Phillips 66 by 1.2% during the third quarter. Legal & General Group Plc now owns 2,769,247 shares of the oil and gas company’s stock worth $253,691,000 after acquiring an additional 33,298 shares during the period. Institutional investors own 70.17% of the company’s stock.

In related news, VP Chukwuemeka A. Oyolu sold 2,700 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $100.25, for a total transaction of $270,675.00. Following the completion of the sale, the vice president now directly owns 2,700 shares in the company, valued at $270,675. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on PSX shares. UBS Group upped their price objective on shares of Phillips 66 from $85.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 15th. Vetr upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating and set a $97.16 price objective for the company in a research report on Monday, November 13th. Wells Fargo & Co restated a “market perform” rating and set a $91.00 price objective (up from $84.00) on shares of Phillips 66 in a research report on Tuesday, October 17th. JPMorgan Chase & Co. upped their price objective on shares of Phillips 66 from $93.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Finally, Goldman Sachs Group upgraded shares of Phillips 66 to a “buy” rating in a research report on Monday, December 18th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $101.64.

Shares of Phillips 66 (PSX) opened at $92.60 on Monday. The company has a market cap of $46,920.00, a PE ratio of 23.32, a PEG ratio of 1.50 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.31 and a quick ratio of 0.86. Phillips 66 has a 12-month low of $75.14 and a 12-month high of $107.47.

Phillips 66 (NYSE:PSX) last issued its earnings results on Friday, February 2nd. The oil and gas company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.21. The business had revenue of $30.12 billion during the quarter, compared to analysts’ expectations of $30.71 billion. Phillips 66 had a net margin of 4.88% and a return on equity of 9.52%. During the same period in the prior year, the business earned $0.16 earnings per share. sell-side analysts anticipate that Phillips 66 will post 7.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, February 20th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Friday, February 16th. Phillips 66’s dividend payout ratio (DPR) is 70.53%.

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Phillips 66 Company Profile

Phillips 66 is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States.

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Institutional Ownership by Quarter for Phillips 66 (NYSE:PSX)

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