Dark Forest Capital Management LP Sells 105 Shares of Phillips 66 (NYSE:PSX)

Dark Forest Capital Management LP decreased its holdings in Phillips 66 (NYSE:PSX) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,217 shares of the oil and gas company’s stock after selling 105 shares during the period. Dark Forest Capital Management LP’s holdings in Phillips 66 were worth $253,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bogart Wealth LLC lifted its holdings in shares of 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 acquiring an additional 120 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in Phillips 66 in the fourth quarter worth about $25,000. Stephens Consulting LLC lifted its stake in Phillips 66 by 83.5% in 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 stake in Phillips 66 in the fourth quarter worth about $28,000. Finally, Human Investing LLC bought a new stake in Phillips 66 in the fourth quarter worth about $30,000. Institutional investors own 76.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PSX has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on shares of Phillips 66 from $162.00 to $149.00 and set an “overweight” rating for the company in a research note on Monday. Morgan Stanley decreased their price objective on shares of Phillips 66 from $140.00 to $122.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Barclays decreased their price objective on shares of Phillips 66 from $135.00 to $106.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Scotiabank reduced their target price on shares of Phillips 66 from $136.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Finally, Mizuho lowered their price target on Phillips 66 from $140.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $137.07.

Phillips 66 Trading Up 1.8 %

PSX opened at $105.80 on Tuesday. The firm has a market cap of $43.11 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 4.84 and a beta of 1.17. The company has a current ratio of 1.21, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. Phillips 66 has a 12 month low of $91.01 and a 12 month high of $152.19. The stock has a fifty day moving average price of $115.31 and a 200-day moving average price of $120.83.

Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, April 25th. The oil and gas company reported ($0.90) EPS 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 the consensus estimate of $31.93 billion. 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 firm posted $1.90 earnings per share. As a group, equities research analysts anticipate that Phillips 66 will post 6.8 earnings per share for the current fiscal year.

Phillips 66 Increases Dividend

The firm also recently announced 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 positive change from Phillips 66’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Monday, May 19th. Phillips 66’s dividend payout ratio is currently 97.17%.

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.