Barrow Hanley Mewhinney & Strauss LLC Has $231.23 Million Position in Phillips 66 (NYSE:PSX)

Barrow Hanley Mewhinney & Strauss LLC lessened its position in Phillips 66 (NYSE:PSX) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,029,562 shares of the oil and gas company’s stock after selling 43,721 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.49% of Phillips 66 worth $231,228,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of PSX. Oppenheimer & Co. Inc. raised its holdings in shares of Phillips 66 by 10.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 46,953 shares of the oil and gas company’s stock valued at $5,349,000 after purchasing an additional 4,515 shares during the last quarter. Flavin Financial Services Inc. acquired a new stake in Phillips 66 in the 4th quarter valued at $1,190,000. Everence Capital Management Inc. bought a new stake in Phillips 66 during the 4th quarter worth about $3,033,000. Donoghue Forlines LLC acquired a new position in shares of Phillips 66 during the 4th quarter worth about $1,438,000. Finally, Smith Group Asset Management LLC bought a new position in shares of Phillips 66 in the 4th quarter valued at about $1,149,000. Institutional investors own 76.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on PSX. Mizuho reduced their price target on Phillips 66 from $150.00 to $147.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Wolfe Research raised Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Friday, January 3rd. Barclays boosted their target price on shares of Phillips 66 from $115.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, March 14th. The Goldman Sachs Group cut shares of Phillips 66 from a “buy” rating to a “neutral” rating and set a $132.00 price target for the company. in a research note on Thursday. Finally, Piper Sandler lowered shares of Phillips 66 from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $146.43.

Phillips 66 Stock Performance

Shares of NYSE PSX opened at $121.67 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.21 and a quick ratio of 0.83. The firm has a market cap of $49.60 billion, a price-to-earnings ratio of 24.63, a P/E/G ratio of 4.84 and a beta of 1.31. The stock’s fifty day moving average price is $124.76 and its two-hundred day moving average price is $125.51. Phillips 66 has a one year low of $108.91 and a one year high of $174.08.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing the consensus estimate of $1.23 by ($1.38). Phillips 66 had a net margin of 1.46% and a return on equity of 8.58%. During the same quarter last year, the company earned $3.09 earnings per share. On average, equities analysts forecast that Phillips 66 will post 6.8 EPS for the current year.

Phillips 66 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a $1.15 dividend. The ex-dividend date was Monday, February 24th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.78%. Phillips 66’s payout ratio is 93.12%.

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.