Cambridge Trust Co. decreased its holdings in Phillips 66 (NYSE:PSX) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,272 shares of the oil and gas company’s stock after selling 248 shares during the period. Cambridge Trust Co.’s holdings in Phillips 66 were worth $799,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Pflug Koory LLC grew its position in Phillips 66 by 3.2% during the 4th quarter. Pflug Koory LLC now owns 3,584 shares of the oil and gas company’s stock worth $309,000 after acquiring an additional 110 shares during the last quarter. Coastline Trust Co grew its position in Phillips 66 by 0.7% during the 4th quarter. Coastline Trust Co now owns 16,200 shares of the oil and gas company’s stock worth $1,395,000 after acquiring an additional 111 shares during the last quarter. Stock Yards Bank & Trust Co. grew its position in Phillips 66 by 0.9% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 13,164 shares of the oil and gas company’s stock worth $1,134,000 after acquiring an additional 115 shares during the last quarter. Alpha Windward LLC grew its position in Phillips 66 by 1.6% during the 4th quarter. Alpha Windward LLC now owns 7,586 shares of the oil and gas company’s stock worth $654,000 after acquiring an additional 119 shares during the last quarter. Finally, Financial Counselors Inc. grew its position in Phillips 66 by 0.6% during the 4th quarter. Financial Counselors Inc. now owns 20,197 shares of the oil and gas company’s stock worth $1,740,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 69.45% of the company’s stock.

A number of brokerages recently weighed in on PSX. Zacks Investment Research lowered Phillips 66 from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. Tudor Pickering upgraded Phillips 66 from a “hold” rating to a “buy” rating in a research report on Friday. Piper Jaffray Companies restated an “overweight” rating on shares of Phillips 66 in a research report on Thursday, January 10th. Raymond James reduced their price objective on Phillips 66 from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, December 31st. Finally, ValuEngine lowered Phillips 66 from a “hold” rating to a “sell” rating in a research report on Friday, November 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $123.62.

Shares of PSX opened at $93.52 on Monday. The stock has a market cap of $43.12 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of 1.28 and a beta of 0.94. Phillips 66 has a 12 month low of $78.44 and a 12 month high of $123.97. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.82 and a current ratio of 1.28.

Phillips 66 (NYSE:PSX) last announced its earnings results on Friday, February 8th. The oil and gas company reported $4.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.76 by $2.11. The firm had revenue of $29.84 billion for the quarter, compared to the consensus estimate of $35.51 billion. Phillips 66 had a return on equity of 14.97% and a net margin of 5.72%. During the same period in the previous year, the business earned $1.07 EPS. On average, equities research analysts forecast that Phillips 66 will post 8.58 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Tuesday, February 19th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Friday, February 15th. Phillips 66’s dividend payout ratio is 27.33%.

In other Phillips 66 news, Director J Brian Ferguson acquired 21,500 shares of the company’s stock in a transaction dated Tuesday, November 20th. The shares were bought at an average cost of $92.31 per share, with a total value of $1,984,665.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.56% of the stock is owned by insiders.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this news story can be accessed at https://www.watchlistnews.com/phillips-66-psx-stake-lessened-by-cambridge-trust-co/2812109.html.

Phillips 66 Company Profile

Phillips 66 operates as an energy manufacturing and logistics company. 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 products to market, and provides terminaling and storage services for crude oil and petroleum products; transports, stores, fractionates, and markets natural gas liquids, exports LPG, and provides other fee-based processing services; and gathers, processes, transports, and markets natural gas.

Further Reading: What is the float in trading stocks?

Want to see what other hedge funds are holding PSX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Phillips 66 (NYSE:PSX).

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

Receive News & Ratings for Phillips 66 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips 66 and related companies with MarketBeat.com's FREE daily email newsletter.