Van Strum & Towne Inc. Has $345,000 Stock Position in Phillips 66 (NYSE:PSX)

Van Strum & Towne Inc. lessened its stake in Phillips 66 (NYSE:PSX) by 10.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,031 shares of the oil and gas company’s stock after selling 350 shares during the quarter. Van Strum & Towne Inc.’s holdings in Phillips 66 were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PSX. Assetmark Inc. boosted its position in Phillips 66 by 20.9% in the 3rd quarter. Assetmark Inc. now owns 2,692 shares of the oil and gas company’s stock valued at $354,000 after buying an additional 466 shares during the last quarter. Covestor Ltd lifted its stake in shares of Phillips 66 by 25.4% during the third quarter. Covestor Ltd now owns 514 shares of the oil and gas company’s stock valued at $68,000 after acquiring an additional 104 shares during the period. GSA Capital Partners LLP bought a new position in Phillips 66 in the third quarter valued at about $817,000. Empower Advisory Group LLC increased its position in Phillips 66 by 9.0% in the third quarter. Empower Advisory Group LLC now owns 2,463 shares of the oil and gas company’s stock worth $324,000 after purchasing an additional 204 shares during the period. Finally, Oppenheimer & Co. Inc. raised its holdings in Phillips 66 by 0.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 42,438 shares of the oil and gas company’s stock worth $5,578,000 after purchasing an additional 375 shares during the last quarter. 76.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of Phillips 66 from $115.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Friday. StockNews.com downgraded Phillips 66 from a “hold” rating to a “sell” rating in a research note on Sunday, March 2nd. Wells Fargo & Company raised their price target on Phillips 66 from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler downgraded Phillips 66 from a “strong-buy” rating to a “hold” rating in a report on Friday, January 10th. Finally, Wolfe Research upgraded Phillips 66 from a “peer perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.43.

Phillips 66 Trading Up 3.5 %

Shares of NYSE:PSX opened at $126.84 on Friday. The firm has a market cap of $51.71 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 4.84 and a beta of 1.31. The company has a quick ratio of 0.83, a current ratio of 1.21 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12 month low of $108.91 and a 12 month high of $174.08. The company’s fifty day simple moving average is $122.82 and its 200 day simple moving average is $126.03.

Phillips 66 (NYSE:PSX) last issued its quarterly earnings results on Friday, January 31st. The oil and gas company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the business earned $3.09 earnings per share. As a group, research analysts forecast that Phillips 66 will post 6.8 EPS for the current fiscal 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 paid a dividend of $1.15 per share. The ex-dividend date was Monday, February 24th. This represents a $4.60 annualized dividend and a dividend yield of 3.63%. Phillips 66’s dividend payout ratio is currently 93.12%.

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.