Community Bank N.A. Has $2.30 Million Position in Phillips 66 (NYSE:PSX)

Community Bank N.A. grew its holdings in Phillips 66 (NYSE:PSX) by 18.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,157 shares of the oil and gas company’s stock after buying an additional 3,180 shares during the quarter. Community Bank N.A.’s holdings in Phillips 66 were worth $2,296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PSX. Stevens Capital Management LP bought a new position in Phillips 66 during the fourth quarter worth about $886,000. LPL Financial LLC boosted its holdings in Phillips 66 by 10.2% during the fourth quarter. LPL Financial LLC now owns 734,484 shares of the oil and gas company’s stock worth $83,680,000 after buying an additional 67,993 shares during the last quarter. Umpqua Bank boosted its holdings in Phillips 66 by 6.1% during the fourth quarter. Umpqua Bank now owns 10,609 shares of the oil and gas company’s stock worth $1,244,000 after buying an additional 613 shares during the last quarter. Plancorp LLC boosted its holdings in Phillips 66 by 11.5% during the fourth quarter. Plancorp LLC now owns 3,192 shares of the oil and gas company’s stock worth $364,000 after buying an additional 329 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new position in Phillips 66 during the fourth quarter worth about $372,000. 76.93% of the stock is currently owned by institutional investors and hedge funds.

Phillips 66 Stock Performance

Shares of PSX opened at $125.51 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average price is $124.11 and its 200-day moving average price is $125.65. Phillips 66 has a 52 week low of $108.91 and a 52 week high of $174.08. The stock has a market cap of $51.17 billion, a P/E ratio of 25.41, a P/E/G ratio of 4.84 and a beta of 1.31.

Phillips 66 (NYSE:PSX) last posted its quarterly earnings data 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 return on equity of 8.58% and a net margin of 1.46%. During the same period in the previous year, the business earned $3.09 earnings per share. Equities research analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors 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 annualized dividend and a yield of 3.67%. Phillips 66’s dividend payout ratio is currently 93.12%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PSX shares. StockNews.com lowered Phillips 66 from a “hold” rating to a “sell” rating in a research report on Sunday, March 2nd. Wells Fargo & Company boosted their price target on Phillips 66 from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Barclays boosted their price target on Phillips 66 from $115.00 to $135.00 and gave the company an “equal weight” rating in a research note on Friday, March 14th. Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 price target for the company in a research note on Friday, January 3rd. Finally, Mizuho cut their target price 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.54.

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.