Alpha Windward LLC lowered its position in Phillips 66 (NYSE:PSX) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,762 shares of the oil and gas company’s stock after selling 284 shares during the quarter. Phillips 66 accounts for 0.5% of Alpha Windward LLC’s investment portfolio, making the stock its 17th biggest position. Alpha Windward LLC’s holdings in Phillips 66 were worth $753,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Atwater Malick LLC purchased a new position in Phillips 66 in the third quarter valued at about $27,000. Allred Capital Management LLC purchased a new stake in shares of Phillips 66 during the fourth quarter worth about $27,000. WealthStone Inc. purchased a new stake in shares of Phillips 66 during the second quarter worth about $38,000. Rational Advisors LLC increased its position in shares of Phillips 66 by 41.1% during the third quarter. Rational Advisors LLC now owns 374 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 109 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of Phillips 66 by 74.8% during the third quarter. Sound Income Strategies LLC now owns 395 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.
Phillips 66 stock traded up $0.76 during midday trading on Tuesday, hitting $106.06. The stock had a trading volume of 1,290,263 shares, compared to its average volume of 2,117,624. The company has a current ratio of 1.29, a quick ratio of 0.84 and a debt-to-equity ratio of 0.41. The stock has a market cap of $46.60 billion, a P/E ratio of 9.06, a P/E/G ratio of 1.55 and a beta of 1.09. Phillips 66 has a 12 month low of $80.24 and a 12 month high of $119.92. The business has a fifty day moving average price of $111.54 and a 200 day moving average price of $106.07.
Phillips 66 (NYSE:PSX) last announced its quarterly earnings data on Friday, October 25th. The oil and gas company reported $3.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.60 by $0.51. The firm had revenue of $27.77 billion during the quarter, compared to analyst estimates of $28.31 billion. Phillips 66 had a return on equity of 19.31% and a net margin of 4.17%. During the same period in the previous year, the company earned $3.10 earnings per share. On average, equities analysts anticipate that Phillips 66 will post 8.69 EPS for the current fiscal year.
A number of analysts have recently issued reports on the company. Raymond James dropped their target price on Phillips 66 from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, January 9th. Cowen lifted their target price on Phillips 66 from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Zacks Investment Research lowered Phillips 66 from a “buy” rating to a “hold” rating and set a $125.00 target price on the stock. in a research report on Tuesday, October 29th. Wells Fargo & Co lifted their target price on Phillips 66 from $130.00 to $132.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Finally, ValuEngine raised Phillips 66 from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Phillips 66 has a consensus rating of “Buy” and a consensus price target of $120.00.
In related news, VP Chukwuemeka A. Oyolu sold 464 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was 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 link. 0.13% of the stock is owned by insiders.
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.
