Pennsylvania Trust Co lifted its stake in Phillips 66 (NYSE:PSX) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,276 shares of the oil and gas company’s stock after purchasing an additional 6,448 shares during the period. Pennsylvania Trust Co’s holdings in Phillips 66 were worth $7,049,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Unison Advisors LLC lifted its holdings in Phillips 66 by 0.8% during the fourth quarter. Unison Advisors LLC now owns 11,780 shares of the oil and gas company’s stock valued at $1,312,000 after purchasing an additional 97 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in Phillips 66 by 28.7% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,587 shares of the oil and gas company’s stock valued at $734,000 after purchasing an additional 1,470 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Phillips 66 by 14.3% during the fourth quarter. State of Alaska Department of Revenue now owns 178,968 shares of the oil and gas company’s stock valued at $19,936,000 after purchasing an additional 22,457 shares in the last quarter. Bangor Savings Bank raised its stake in Phillips 66 by 2.5% during the fourth quarter. Bangor Savings Bank now owns 14,524 shares of the oil and gas company’s stock valued at $1,618,000 after purchasing an additional 351 shares in the last quarter. Finally, Stillwater Investment Management LLC raised its stake in Phillips 66 by 0.8% during the fourth quarter. Stillwater Investment Management LLC now owns 12,888 shares of the oil and gas company’s stock valued at $1,436,000 after purchasing an additional 102 shares in the last quarter. 68.34% of the stock is owned by institutional investors.
In related news, VP Chukwuemeka A. Oyolu sold 464 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $119.53, for a total value of $55,461.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.
Shares of PSX stock traded down $0.27 during mid-day trading on Thursday, hitting $104.62. 448,910 shares of the stock traded hands, compared to its average volume of 2,128,985. The stock has a market cap of $46.61 billion, a P/E ratio of 8.93, a P/E/G ratio of 1.57 and a beta of 1.09. The stock’s fifty day moving average is $111.18 and its two-hundred day moving average is $106.20. Phillips 66 has a 52-week low of $80.24 and a 52-week high of $119.92. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 0.84.
Phillips 66 (NYSE:PSX) last released its quarterly earnings results on Friday, October 25th. The oil and gas company reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.60 by $0.51. The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $28.31 billion. Phillips 66 had a net margin of 4.17% and a return on equity of 19.31%. During the same period in the prior year, the firm posted $3.10 earnings per share. As a group, equities analysts forecast that Phillips 66 will post 8.61 EPS for the current fiscal year.
A number of research firms have weighed in on PSX. Bank of America cut shares of Phillips 66 from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. Wells Fargo & Co upped their price target on shares of Phillips 66 from $130.00 to $132.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Cowen upped their price target on shares of Phillips 66 from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Royal Bank of Canada restated a “hold” rating and issued a $120.00 price target on shares of Phillips 66 in a report on Sunday, December 22nd. Finally, Raymond James cut their price target on shares of Phillips 66 from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $120.00.
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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