Kistler Tiffany Companies LLC reduced its stake in shares of Phillips 66 (NYSE:PSX) by 32.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354 shares of the oil and gas company’s stock after selling 169 shares during the period. Kistler Tiffany Companies LLC’s holdings in Phillips 66 were worth $34,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in PSX. Oregon Public Employees Retirement Fund grew its holdings in Phillips 66 by 3,775.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,647,103 shares of the oil and gas company’s stock worth $54,000 after acquiring an additional 4,527,183 shares in the last quarter. Norges Bank bought a new position in shares of Phillips 66 in the 4th quarter worth about $386,757,000. LSV Asset Management lifted its position in shares of Phillips 66 by 96.9% in the 4th quarter. LSV Asset Management now owns 3,201,428 shares of the oil and gas company’s stock worth $275,803,000 after buying an additional 1,575,744 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Phillips 66 by 7.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 13,645,296 shares of the oil and gas company’s stock worth $1,175,542,000 after buying an additional 958,545 shares during the last quarter. Finally, Vanguard Group Inc lifted its position in shares of Phillips 66 by 2.8% in the 3rd quarter. Vanguard Group Inc now owns 32,998,567 shares of the oil and gas company’s stock worth $3,719,598,000 after buying an additional 885,979 shares during the last quarter. 71.30% of the stock is owned by institutional investors.
A number of research analysts have recently issued reports on the stock. Argus reduced their price target on shares of Phillips 66 to $116.00 and set a “buy” rating on the stock in a research report on Thursday, February 14th. Jefferies Financial Group upgraded shares of Phillips 66 from a “hold” rating to a “buy” rating in a research report on Thursday, December 20th. ValuEngine downgraded shares of Phillips 66 from a “hold” rating to a “sell” rating in a research report on Monday. Citigroup raised their price target on shares of Phillips 66 from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Finally, Raymond James reduced their price target on shares of Phillips 66 from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, December 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $120.18.
Shares of NYSE:PSX opened at $95.98 on Wednesday. The stock has a market capitalization of $43.73 billion, a P/E ratio of 8.20, a PEG ratio of 1.43 and a beta of 0.94. Phillips 66 has a fifty-two week low of $78.44 and a fifty-two week high of $123.97. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.08 and a current ratio of 1.48.
Phillips 66 (NYSE:PSX) last released its earnings results on Friday, February 8th. The oil and gas company reported $4.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.76 by $2.11. The firm had revenue of $29.84 billion for the quarter, compared to analysts’ expectations of $35.51 billion. Phillips 66 had a net margin of 4.90% and a return on equity of 21.71%. During the same quarter last year, the company earned $1.07 EPS. On average, research analysts expect that Phillips 66 will post 7.92 earnings per share for the current fiscal year.
In other Phillips 66 news, Chairman Greg C. Garland sold 42,728 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $97.61, for a total transaction of $4,170,680.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by company insiders.
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About Phillips 66
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; provides terminaling and storage services for crude oil and 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.
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